Cryptocurrency in South Africa has officially shed its reputation as a speculative gamble, according to the Discovery Bank SpendTrend26 report. The study, conducted in partnership with Visa, reveals that South Africans are increasingly integrating digital assets into their core investment strategies alongside traditional holdings like stocks and property. Read: Bandwidth Blog & Smile 90.4FM Tech…
Discovery Bank CEO Hylton Kallner Discovery Bank is adding the ability for its clients to trade in cryptocurrencies directly in its banking app. The launch on Thursday of the crypto facility follows the signing of a new agreement between Discovery Bank and crypto exchange operator Luno, which will serve as the bank’s partner for the…
Absa will leverage Ripple’s digital asset custody technology. Big-four bank Absa has entered into a strategic partnership with Ripple, a provider of digital asset infrastructure for financial institutions, to provide digital asset custody to its customers in South Africa. In a statement, the bank says through the partnership, Absa will leverage Ripple’s digital asset custody…
The South African Reserve Bank will take a crypto-currency matter to the Supreme Court. In what could be a precedent-setting case, the Supreme Court of Appeal (SCA) will next year hear arguments as to whether an ‘apartheid-era’ law can be applied to digital money. This could mean that foreign exchange regulations will need to be…
