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Lumpy

Crypto Friendly UK (Business) Bank - Any idea?

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Posted (edited)

Although the UK government claims to have the will to bring its country as one of the most attractive countries for blockchain and crypto based projects, truth is that the banking ecosystem is not ready yet. You can fu** o** if you want to open an online business bank account to support your crypto based business. Simple as that.

Maybe the XRP community has the solution or a name to advise?

🔪🏦

Edited by Lumpy

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Posted (edited)

If I am not mistaken you can try Revolut.

I have opened an account with them and am using a Great Britain IBAN account there.

Even supports XRP (although you cannot send or withdraw it, just to speculate and spend).

But they are easy to communicate with and I am quite satisfied with it to be honest.

Edited by Dutch_ins

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7 minutes ago, Dutch_ins said:

If I am not mistaken you can try Revolut.

I have opened an account with them and am using a Great Britain IBAN account there.

Even supports XRP (although you cannot send or withdraw it, just to speculate and spend).

But they are easy to communicate with and I am quite satisfied with it to be honest.

nop, unfortunately you cannot with Revolut for a Business Bank Account involved in the crypto business...

What industries are not supported?

Revolut is currently unable to offer services to the following business types:

Adult entertainment, including escort services, and the sale/advertising of sexual services

Armaments, nuclear, weapons or defence manufacturers

Art dealers and auction houses

Cryptocurrency firms

FX speculators

Gambling firms

Political organisations

Precious metals and stones firms

Promotion of illicit content

Religious organisations

Sale of used cars/other motor vehicles

Video game arcades

 

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Posted (edited)
10 minutes ago, Lumpy said:

nop, unfortunately you cannot with Revolut for a Business Bank Account involved in the crypto business...

What industries are not supported?

Revolut is currently unable to offer services to the following business types:

Adult entertainment, including escort services, and the sale/advertising of sexual services

Armaments, nuclear, weapons or defence manufacturers

Art dealers and auction houses

Cryptocurrency firms

FX speculators

Gambling firms

Political organisations

Precious metals and stones firms

Promotion of illicit content

Religious organisations

Sale of used cars/other motor vehicles

Video game arcades

 

What a pity.

What you can do is to check out what bank the exchanges in Great Britain use, in the Netherlands for instance I know that ABN Amro is your partner for a crypto firm.
If a bank gives a corporate account for a GB registred exchange, they sure must be able to foresee you with one.

otherwise; go abroad for a bank account. we live in a global village now.

 

Edited by Dutch_ins

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3 hours ago, Lumpy said:

Although the UK government claims to have the will to bring its country as one of the most attractive countries for blockchain and crypto based projects, truth is that the banking ecosystem is not ready yet. You can fu** o** if you want to open an online business bank account to support your crypto based business. Simple as that.

Maybe the XRP community has the solution or a name to advise?

🔪🏦

Have you tried Starling Bank?

https://www.starlingbank.com/business-account/

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14 hours ago, Wandering_Dog said:

Isn't Fidor bank in the UK?

Fidor is really good and crypto friendly. However, it does not have a business account solution in the UK, only a personal banking offer. 

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