What does Barclays mean by logging in to a block (the Barclays app suddenly cannot be accessed)
What does Barclays login block mean? According to the explanation on Barclays official website, Block is a bridge between blockchain technology and Cryptocurrency. Users can access a link to their account to use Block’s services Banks can now conduct online transactions and receive Bitcoin payments by connecting to Bitcoin wallets or other electronic devices on the Bitcoin network. If banks want to recover funds from their systems, they can store assets in smart contracts and use them to purchase digital currency to pay interest
The Barclays app suddenly cannot be accessed
According to reports, Barclays’ online payment application has been unavailable for the past few days. Last Saturday, the use of real-time trading options provided by the fintech company by customers resulted in a significant drop in the price of Bitcoin on its website. According to official announcements from the UK banking and securities regulatory authorities, the ‘We’ app was unable to access user accounts and update them to ‘normal status’ between 2pm on Thursday, June 29th and 10am on July 1st. According to previous news, the world’s largest comprehensive multinational bank has suspended all US customers from using credit or debit cards to purchase and sell digital assets. (Coindesk)
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