Brits can now withdraw physical cash for GBPT, a one-for-one pound sterling stablecoin, as well as other cryptos at ATMs in the United Kingdom.
A partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a "crypto hub" and is in line with the government's push to use stablecoins for wholesale settlements.
Bitcoin Point is a Lightning Network-enabled Bitcoin (BTC), and cryptocurrency exchange, licensed and registered in the U.K. Poundtoken is the sole issuer of the GBPT ($GBPT) stablecoin. Poundtoken states that its stablecoin GBPT is fully backed in pound sterling at all times, with monthly attestations provided by auditor KPMG.
Tokens including Bitcoin, Ether (ETH) and can already be swapped for cash at ATMs across the United Kingdom. However, listing GBPT on the BitcoinPoint platform means that users can now access retail and wholesale payments using the GBP stablecoin, and use a currency familiar to Brits as an onramp into crypto.
Benoit Marzouk, CEO at BitcoinPoint, told Cointelegraph that the move could democratize “access to crypto for non-tech savvy people in the U.K.” He explained that:
“It’s also fully in line with the government’s consideration to integrate stablecoins with the UK economy."
The U.K. is the second largest economy in Europe. Its government is recruiting for senior roles in Central Bank Digital Currencies (CBDCs) as well as a digital pound rollout, while Prime Minister Rish Sunak has been vocal in his support for Digital Settlement Assets, the new and preferred terminology for crypto.
Crobie explained to Cointelegraph that Poundtoken came about as a result of the “rise in USD stablecoins,” such as Tether (USDT) and Circle (USDC), while there is no U.K. based alternative.
“The purpose of GBPT is really to bring the blockchain and crypto to the U.K. and make it easier for adoption in the U.K. [...] It's time the UK started to realize its potential as a world leader in Crypto.”
The partnership works to normalize the use of stablecoins to conduct everyday financial practices. Marzouk explained, "We are Bitcoiners at Bitcoin Point and we really see value in stablecoin projects–it really makes sense.”
Stablecoin use has proliferated around the world, from inflation-ridden Argentina to European financial hub Switzerland. However, the scars of the Terra (LUNA) algorithmic stablecoin crash are still fresh for the crypto industry, forcing some jurisdictions, such as Hong Kong, to outlaw use entirely.
Scoring systems from traditional finance risk assessors such as Moody’s may give credibility to the burgeoning stablecoin ecosystem while efforts from Bitcoin-advocate groups such as the Bitcoin Policy Institute may pave the way towards a crypto and stablecoin-based future.
Related: United Kingdom banks are a threat to crypto, and that's bad news for everyone
In the U.K., Marzouk told Cointelegraph that cashing out via an ATM offramp using Bitcoin Point remains low, at less than 5%, and it is unlikely that there will be a dramatic uptick in numbers of users taking advantage of GBPT to hold physical cash. However, he is “quite confident about the onramp [into crypto].”
“We see Bitcoiners opting out from the banking system and becoming bitcoin only; you could also have people who don't want to have a bank account and could therefore use GBPT. So when they need cash they can offramp into GBPT to get cash.”
The move could allow more and more crypto enthusiasts to participate without a bank. The integration is now live across the United Kingdom’s 18,000 ATMs.
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09.10.25 11:05
marcushenderson624
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09.10.25 11:05
marcushenderson624
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09.10.25 11:05
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12.10.25 01:12
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harristhomas7376
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12.10.25 21:36
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elizabethrush89
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robertalfred175
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1