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BitPay, an established cryptocurrency payments platform and wallet provider, has officially launched its UK website and wallet app in compliance with the Financial Promotions Regime. The launch gives the UK crypto community access to a wide range of consumer crypto solutions, solidifying BitPay’s commitment to a growing crypto hub.
The United Kingdom has emerged as a key player in the global cryptocurrency market, driven by increased adoption among consumers and businesses. With its updated app in the UK, BitPay seeks to cater to this demand by offering a comprehensive range of services to help users build, manage, and utilise their cryptocurrency portfolios.
UK cryptocurrency users can now enjoy BitPay’s extensive solutions, including:
- Self-Custody Wallet App: Store and manage crypto assets without relying on centralised exchanges. Users own their private keys and retain complete control over assets.
- Buying Cryptocurrency: Purchase Bitcoin and other leading cryptocurrencies using credit cards, bank transfers, or other payment methods. BitPay partners with multiple liquidity providers, allowing customers to choose the best available rate from our many partners.
- Selling Cryptocurrency: Enjoy flexible limits, diverse asset support, and withdrawals to UK bank accounts when you sell your crypto with BitPay.
- Asset Swapping: Swap a range of cryptocurrencies, including Bitcoin, Ethereum, and more.
- Gift Card Purchases: Use crypto to buy gift cards for popular retailers and brands.
- Cryptocurrency Payment Processing: Spend crypto with hundreds of merchants worldwide.
“We are thrilled to bring BitPay’s services to the UK market, a region that has shown tremendous growth and interest in cryptocurrency,” said Bill Zielke, Chief Marketing Officer of BitPay. “We aim to provide the UK crypto community with innovative ways to leverage their crypto assets, whether for payments or portfolio building and management.”
BitPay’s approval process under the Financial Promotions Regime was completed in collaboration with Archax LTD. Archax’s expertise in navigating the UK’s rigorous regulatory framework was pivotal in ensuring BitPay’s compliance with the latest financial promotion requirements. This partnership underscores both companies’ commitment to upholding transparency in the cryptocurrency space.
“Archax is proud to collaborate with BitPay on this significant milestone, enabling their innovative payment solutions to thrive in the UK while adhering to the FCA’s Financial Promotion Rules. We remain committed to maintaining the highest standards of compliance, ensuring UK businesses and investors benefit from transparent access to digital payment services,” said Julia Loder, Head of Regulation at Archax.
The updated app in the United Kingdom marks a significant milestone in making cryptocurrency accessible to users worldwide, empowering UK consumers with tools to create, manage, and spend their crypto portfolios. By expanding its offerings in the UK, BitPay continues its mission to bridge the gap between traditional finance and the crypto economy.
For more information about BitPay’s services to UK consumers and merchants, visit www.bitpay.com/en-gb/.
