Nano trading in the British pound on the London Stock Exchange floor

The London Block Exchange(LBX) is a UK-based cryptocurrency exchange built to help consumers and institutions in London and across the United Kingdom to join the digital money revolution.
The LBX is launching a Visa card, the Dragoncard, that will allow users to spend their bitcoin savings. The card, designed to overcome a key drawback of bitcoin that it is not a widely accepted form of payment, will convert holdings in bitcoin and other cryptocurrencies to pounds and allow users to conduct day-to-day transactions as though with a credit/debit card.
When a user makes a transaction using the Dragoncard, LBX pays the merchant in pounds and withdraws cryptocurrency from the user's wallet and converts it into pounds. LBX charges a 0.5% fee for processing the payment. While there have been other companies to launch bitcoin cards, LBX is the first to introduce a card for all major cryptocurrencies. The exchange has been provisionally approved by the Financial Conduct Authority, the UK's financial regulator.
The LBX wallet app provides real-time market data and allows users to exchange between cryptocurrencies. LBX has received £2m in funding for the project.
Benjamin Dives, LBX's chief executive, spoke of the project, “Despite being the financial capital of the world, London is a difficult place for investors to enter and trade in the cryptocurrency market.

Nano trading

The project that was once the No. 20 capitol on NANO's Coinmarketcap (formerly RaiBlocks) was rated at a transaction speed of up to 7500+ TPS (transactions per second). Nano technology has been outperforming many other pre-encoding projects earlier this year. The London Block Exchange (LBX) today unveiled a trading platform for the NANO / GBP transaction.
Today at 7.8, London Block Exchange has officially announced on their official website and Twitter on the new trading pair. The announcement said the Nano-coded currency would be allowed to trade with the British currency of the pound.
This event is considered one of the great events for both Nano team and London Block Exchange team. A prize of Nano equivalent of £ 5,000 will be given to those participating in the event.
LBX will release a series of five encrypted puzzles across different media channels over the next few weeks. These suggestions will help you link to a special place in London. To win the game, you'll need to solve the puzzles and find a winning password - written in that special place. Suggestions are intentionally built to hide or have two meanings. Each puzzle will be carefully designed to become progressively easier when you try to solve it. So you need to read them very carefully.
This game is available only to players in London, or England. But do not be sad, this is still very good news for people who love Nano coding. The positive signal is that people in the UK can now use their legal money through the London Block Exchange banking system to easily transact the Nano.

About The London Block Exchange Team

  • Benjamin Dives – Founder and CEO
  • Jono Mcleod – Co-founder and Head of operations
  • Adam Bryant – Executive Chairman
  • Matt Belton – Business development and Operations Manager
  • Michail Ballis – Head of Marketing operations

London Block Exchange Conclusion

If the project does go ahead without any regulatory intervention, this is a fantastic development for cryptocurrency users in UK. Being able to spend cryptocurrencies for everyday expenses is the ultimate holy grail for those who believe in cryptocurrency.

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