Transferring funds from NatWest customers came to an abrupt halt when the system crashed earlier today. NatWest’s issues started in the early hours of Monday, August 31st, as the entire payment system crashed. As a result, NatWest customers were unable to move funds to bank accounts inside and outside of the bank itself. Feb 10, · As it is wholly owned by RBS, Natwest's position is the same as its parent, and it currently allows customers to buy bitcoin on its credit ute-strohner.de: Business Insider UK. I Completed Five LocalBitcoin Trades for roughly £15k and Natwest Bank Froze Account, No reference to bitcoin was made in the references and no explanation from Natwest. Initially when I spoke to them on the phone they blocked my access to online banking due to security checks for a .
Natwest bitcoin policyNatWest And HSBC Payment Network Issues, Bitcoin Carries On Like Usual - ute-strohner.de
Transferring funds from NatWest customers came to an abrupt halt when the system crashed earlier today. As a result, NatWest customers were unable to move funds to bank accounts inside and outside of the bank itself. After a few hours, the issue was resolved, and customer services were resumed as normal. This is not the first time issues plague the Royal Bank of Scotland financial network, as an IT error earlier this year caused delays for roughly , payments.
It took a few days to sort out all of these payments, leaving customers disgruntled. Despite announcing an investment of 3. Payments were eventually sorted by the next day, to much chagrin of affected customers. It goes without saying that most payment networks around the world are facing downtime on a regular basis, all of which is blamed on IT issues.
One payment network remaining unaffected by these issues is Bitcoin , as the virtual currency protocol carries out its order of business without a hitch, for years in a row now. The lack of technological innovation in the financial sector has never been more apparent than it is now.
Multiple major banks are looking at blockchain technology to prevent these outages, as well as saving overhead costs.