Perhaps one of the most frustrating things that cryptocurrency startups have to deal with is the fact that banks are sometimes unwilling to work with them. Unfortunately, bank account closures for cryptocurrency activity continues to be something as common at the business level as it is at the consumer level.

The London Block Exchange (LBX) aims to change this paradigm by offering its own fiat and cryptocurrency exchanging services tailor-made for enterprises and ICOs, called LBXPay.

“There is a stigma in the traditional banking sector against the rise of cryptocurrencies, stemming mainly from its perception as a tool for…

This article appeared first on Cryptovest

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