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Cabital Adds GBP To Payment Methods Via BCB Group Partnership

Cabital's partnership with BCB lets us serve any customer who holds GBP, where they can exchange GBP for crypto assets and vice versa.

Cabital is partnering with BCB Group (BCB) to add GBP to our growing list of payment methods. Our partnership with BCB lets us serve any customer who holds GBP, where they can exchange GBP for crypto assets and vice versa. Customers who convert their digital assets to GBP can easily transfer it to a bank account in their name. 

Cabital’s CEO, Raymond, shared his thoughts with us about what the partnership with BCB means:

“Cabital’s partnership with BCB allows people who hold GBP to buy crypto assets and enjoy high-yield passive income through our interest-bearing crypto asset deposit products on Cabital Earn. This will provide our customers who hold GBP with more opportunities to generate higher returns in an exciting and quickly growing asset class.

“As we further execute our strategic ambitions, we will continue seeking secure and efficient strategic partnerships that will allow our customers to easily and safely invest in cryptocurrency and generate high-yield passive income from their digital assets no matter what fiat currency they hold. Looking ahead, we plan on adding more fiat currencies to Cabital’s crypto rails in 2022.

“I am confident that the continued execution of our strategic priorities will create long-term sustainable value for our shareholders and customers.”

BCB is one of Europe’s leading providers of business accounts and trading services for the digital asset economy, and according to their founder and CEO, Oliver von Landsberg-Sadie, ”We’re delighted to be working with Cabital, and helping them with payments infrastructure to allow them to incorporate GBP into their offering.”

This announcement comes after last month’s update, where we added the European Union’s Single Euro Payments Area (SEPA), which enabled customers to seamlessly change between euros and cryptocurrencies to generate high-yield passive income.