NatWest bans business customers who accept Bitcoin, CoinCorner CEO comments
With increased attention on Bitcoin over the last year – following the economic turmoil as a result of coronavirus – banks are most likely feeling threatened as both consumers and businesses are starting to embrace the cryptocurrency.Businesses of all sizes are now accepting Bitcoin, but most are small, independent retailers who are trying to find ways to attract new customers and salvage what is left of their livelihood as we come out of the other side of a global pandemic. Natwest should be doing everything to support these businesses, not abandoning them during this vulnerable time.
At CoinCorner, we’ve seen a big jump in the number of businesses enquiring about and adding Bitcoin as a payment method. We launched CoinCorner Checkout – our Bitcoin payment solution for UK businesses – in 2019 but have onboarded the majority of our new merchant partners over the last 6-months.