Collaboration with Archax Brings Cryptocurrency Solutions to UK Consumers
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ATLANTA, March 27, 2025 /PRNewswire/ — BitPay, a well-known provider of cryptocurrency payment solutions and wallet services, has officially rolled out its UK website and wallet application, fully compliant with the Financial Promotions Regime. This launch enhances access for the UK crypto community to an array of consumer-oriented cryptocurrency solutions, reinforcing BitPay’s dedication to the burgeoning crypto market in the region. The United Kingdom has become a prominent player in the global cryptocurrency arena, fueled by rising adoption rates among both consumers and businesses. With the newly updated app, BitPay aims to meet this growing demand by delivering a comprehensive suite of services that assist users in building, managing, and utilizing their cryptocurrency holdings.
UK cryptocurrency enthusiasts can now take advantage of BitPay’s diverse offerings, which include:
- Self-Custody Wallet App: Users can securely store and manage their crypto assets independently, maintaining full control over their private keys and funds.
- Buying Cryptocurrency: BitPay facilitates the purchase of Bitcoin and other leading cryptocurrencies via credit cards, bank transfers, and various payment methods, partnering with multiple liquidity providers to ensure competitive rates.
- Selling Cryptocurrency: Users can enjoy flexible limits, a variety of asset options, and the ability to withdraw funds directly to UK bank accounts when selling crypto through BitPay.
- Asset Swapping: The platform allows users to swap a variety of cryptocurrencies, including Bitcoin, Ethereum, and others.
- Gift Card Purchases: Customers can utilize their crypto to purchase gift cards for numerous popular retailers and brands.
- Cryptocurrency Payment Processing: BitPay enables users to spend their crypto at hundreds of merchants globally.
"We are excited to introduce BitPay’s services to the UK market, which has demonstrated remarkable growth and interest in cryptocurrency," stated Bill Zielke, Chief Marketing Officer at BitPay. "Our goal is to provide the UK crypto community with innovative solutions to maximize their crypto assets, whether for payments or for building and managing their portfolios."
BitPay’s adherence to the Financial Promotions Regime was achieved through a partnership with Archax LTD, which played a crucial role in navigating the complex regulatory landscape of the UK to ensure compliance with the latest financial promotion standards. This collaboration emphasizes both companies’ shared commitment to maintaining transparency within the cryptocurrency sector. "Archax is honored to partner with BitPay on this pivotal achievement, allowing their cutting-edge payment solutions to flourish in the UK while complying with FCA regulations. We are dedicated to upholding the highest compliance standards, ensuring UK businesses and investors have transparent access to digital payment services," said Julia Loder, Head of Regulation at Archax.
The launch of the updated app in the UK signifies a major advancement in making cryptocurrency more accessible to users globally, providing UK consumers with the necessary tools to develop, manage, and utilize their crypto portfolios. By broadening its services in the UK, BitPay continues its mission to connect traditional finance with the emerging crypto economy.
About BitPay
Established in 2011, BitPay stands as one of the earliest companies in the cryptocurrency sector. As a trailblazer in blockchain payment processing, its mission focuses on revolutionizing how businesses and individuals send, receive, and store money. The company’s business solutions aim to mitigate fraud chargebacks, lower payment processing costs, and facilitate borderless cryptocurrency transactions, among other offerings. For consumers, the BitPay Wallet serves as a comprehensive digital asset management tool for buying, storing, swapping, selling, and spending cryptocurrencies. BitPay maintains offices across North America, Europe, and South America and has secured over $70 million in funding from leading investment groups, including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.
About Archax
Archax is recognized as the first digital securities exchange, broker, and custodian regulated by the Financial Conduct Authority (FCA). Aimed at institutional clients, Archax also holds FCA permissions for cryptocurrency operations. Founded by professionals with extensive backgrounds in traditional capital markets and supported by a distinguished advisory board, Archax provides a reliable connection between the blockchain ecosystem and the existing investment landscape. The Archax team possesses a wealth of experience in highly regulated markets and has profound insights into the blockchain domain and tokenization. Their institutional services encompass custody, treasury management, financial promotions approvals, stablecoin issuance, and tokenization.
