Discovery partners with Luno to offer first bank app crypto trading in South Africa [Yahoo! Finance]
FIRSTRAND LTD UNSP/ADR (FANDY)
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Source: Yahoo! Finance
mobile platform, ?allowing customers to trade cryptocurrencies directly in its banking app from December. The feature ?is being launched in partnership with London-based crypto exchange firm Luno and will allow clients to link their existing accounts to the Discovery digital banking app and buy, hold and sell ?crypto assets like bitcoin ?and ethereum. "The financial world is evolving fast, and crypto assets have matured to become an ?accessible, mainstream asset class," Discovery Bank CEO Hylton Kallner said in a statement. ONE-IN-TEN HOLDING CRYPTO ASSETS "Our clients -? and South Africans more generally - are already ?engaged in this market, with 1 in 10 people holding crypto assets, and our regulation leading in the region and aligning with global norms." The digital bank, launched in 2021, delivered its first profit during the second half of ?its financial year, ended June 30. Its ?competitors include the likes of Absa ?Bank, FirstRand's First National Bank, Standard B
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