Need cash for crypto in the UK? A new stablecoin integration makes it possible to get cash out at any UK ATM.
), and cryptocurrency exchange, licensed and registered in the U.K. Poundtoken is the sole issuer of the GBPT stablecoin. Poundtoken states that its stablecoin GBPT is fully backed in pound sterling at all times, with monthly attestations provided by auditor KPMG.
Tokens including Bitcoin, Ether and can already be swapped for cash at ATMs across the United Kingdom. However, listing GBPT on the BitcoinPoint platform means that users can now access retail and wholesale payments using the GBP stablecoin, and use a currency familiar to Brits as an onramp into crypto.Benoit Marzouk, CEO at BitcoinPoint, told Cointelegraph that the move could democratize “access to crypto for non-tech savvy people in the U.K.
“It’s also fully in line with the government’s consideration to integrate stablecoins with the UK economy."
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