Uk sell bitcoin paypal

The conglomerate is now researching the possibility of bitcoin transactions through the wallet. Our research team is looking at it now. GK MPay is regulated by the BOJ, so we uk sell bitcoin paypal need guidance from our regulator. We are actively monitoring the space,” he said.

Wehby added that the team was examining both bitcoin and other cryptocurrencies. Calls to National Commercial Bank on whether it is similarly pursuing a cryptocurrency component for its mobile wallet Quisk were unanswered. In August, deputy governor of the BOJ, Livingstone Morrison, reportedly said the central bank had established an internal group charged with monitoring cryptocurrency developments. The central bank did not respond to requests for comment on its current position on cryptocurrencies. However, in October, Wehby indicated that subscribers to GK MPay use it largely to buy phone credit rather than for transactions such as consumer purchases or bill payment. Since that time, the first mobile wallet provider, Conec, has exited the market, saying it was failing to gain traction among consumers. Bitcoin, the most popular cryptocurrency, made millionaires out of holders of coins this year.

2 million in Jamaican currency, but persons can buy coins in fractions. There are reportedly over 1,000 cryptocurrencies, with bitcoin being the most valuable and widely circulated. The cryptocurrency began trading on two exchanges in the United States in the past two weeks, namely the CME and the CBOE. Persons use these digital currencies to pay for goods and services, via vendors that accept them.

Locally, a bitcoin exchange called Caricoin was reported last year to be exploring the possibility of setting up operations in Jamaica. The company, which originates in the United Kingdom, requires approval from the BOJ to operate and has been in discussion with the central bank. Deputy Governor Morrison said then that preliminary discussions were under way with Caricoin, even while signalling that the issuing of permits would have to follow the development of a regulatory framework for cryptocurrencies. The Jamaica Stock Exchange will host a session on bitcoin at its annual capital markets conference in January. Last year, the stock exchange held sessions on blockchain, which is the underlying technology for cryptocurrencies as well as some financial services.