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Crypto Exchange CEX.IO Re-Launches Fiat Bank Transfer Service, Hopes for Seamless Transactions

Published 08/01/2018, 01:15 PM
Updated 08/01/2018, 02:21 PM
 Crypto Exchange CEX.IO Re-Launches Fiat Bank Transfer Service, Hopes for Seamless Transactions

Starting on Wednesday, users of London-based cryptocurrency exchange CEX.IO will once again be able to deposit and withdraw fiat currencies to and from their bank accounts using a new system that hopes to address some of the problems that the company had in recent months.

At the beginning of December 2017, the exchange started offering its users the possibility of adding and removing US dollars, euro, and British pounds to and from their accounts via bank transfers using either SWIFT or SEPA, where applicable.

However, reports of significant delays in the withdrawal process soon began to appear on Reddit and other venues in social media. Some users even panicked after having called their banks only to find out that they could not find any pending SWIFT messages to their accounts. One user wa...


This article appeared first on Cryptovest

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