fromLondon Business News | Londonlovesbusiness.com
1 week agoOpen banking vs. digital wallets: Why Skrill still holds a key role for UK forex brokers - London Business News | Londonlovesbusiness.com
Scroll through any UK-regulated Forex broker's website and you will spot two payment options anchoring the deposit screen: "Instant Bank Transfer (Open Banking)" and "Skrill Wallet." They may look like interchangeable buttons, yet each represents a different philosophy of moving money. Open banking pulls sterling straight from a user's bank account via the Faster Payments rail; Skrill stores multiple currencies inside a private wallet that can be topped up with cards, other wallets, or even crypto.