That's a pityM D 5 hash of my email address 8ec09f7ae53f61c8d7245376fec74e84
I suspect they are concerned about the risks and liabilities of loosing clients' bitcoins
Topic: BREAKING NEWS: Major Multinational Bank Trials Integration with Bitcoin (Read 3094 times)
February 13, 2014, 02:26:42 PM
That's a pityM D 5 hash of my email address 8ec09f7ae53f61c8d7245376fec74e84
I suspect they are concerned about the risks and liabilities of loosing clients' bitcoins
February 13, 2014, 09:40:59 AM
Even if the bank was going ahead with the implementation, I don't think they would announce until the regulators approve it. I wonder who else the system developer in Singapore is working with. There is another interesting development in Australia which was from another thread. Something has to give soon.
http://www.businessinsider.com.au/aussie-technologists-are-
opening-the-worlds-first-bitcoin-based-bank-this-year-2014-2
http://www.businessinsider.com.au/aussie-technologists-are-
opening-the-worlds-first-bitcoin-based-bank-this-year-2014-2
February 13, 2014, 09:13:10 AM
I will wait until CoinDesk reports something. That article is way to small.
February 13, 2014, 09:03:28 AM
February 13, 2014, 08:21:34 AM
"Bitcoin Integration" sounds big, but what is it?
It would be great if you get a "bitcoin account" besides a chequing account and savings account,
and can buy bitcoins from money in savings and then send them out!
The pictures shows more than enough to know what this would be. It would be great if you get a "bitcoin account" besides a chequing account and savings account,
and can buy bitcoins from money in savings and then send them out!
February 12, 2014, 05:07:50 PM
"Bitcoin Integration" sounds big, but what is it?
It would be great if you get a "bitcoin account" besides a chequing account and savings account,
and can buy bitcoins from money in savings and then send them out!
It would be great if you get a "bitcoin account" besides a chequing account and savings account,
and can buy bitcoins from money in savings and then send them out!
February 12, 2014, 05:07:33 PM
Image looks photoshopped. There are several "Received 0.00000001 BTC" missing...
No, its not.
You didnt even get such obvious joke? wow.....
February 12, 2014, 04:50:49 PM
Standard Bank has the best penetration into Africa of the South African banks. I guess this is also why the Chinese like to use them as they do business in Africa. I would imagine the branches in Europe, Asia and US would be more for commercial clients rather than individual clients.
In general South African banking systems are far more advanced than Europe or USA. Our internet banking has long been more advanced than what I saw in the UK and Asia for example. I think it may be the case that people could learn from the first the first implementations in developed countries. Much in the way Africa is skipping land line tech and going straight to mobile.
I have to say I haven't seen anything about this news in the local news sites though.
In general South African banking systems are far more advanced than Europe or USA. Our internet banking has long been more advanced than what I saw in the UK and Asia for example. I think it may be the case that people could learn from the first the first implementations in developed countries. Much in the way Africa is skipping land line tech and going straight to mobile.
I have to say I haven't seen anything about this news in the local news sites though.
February 12, 2014, 04:48:31 PM
Wow a bank for bitcoin ??
February 12, 2014, 04:43:51 PM
Image looks photoshopped. There are several "Received 0.00000001 BTC" missing...
No, its not.
February 12, 2014, 04:40:03 PM
We just have to wait a few more weeks.
February 12, 2014, 04:33:55 PM
Damn, this is some good news! Plus, their interface looks amazingly. It's clean and easy, just the way I like it. It's just a bummer that they don't have a branch in my country. I would switch banks if they really start accepting Bitcoins.
February 12, 2014, 03:19:22 PM
That screenshot looks amazing. Also, Africa leading the way? what the 
It's actually SOUTH Africa, a bit different.. although I won't be surprised to see Kenya to gain larger adoption due to their integration with the MPesa system. Very good news!
February 12, 2014, 03:04:33 PM
The major good news we were all waiting for after the recent sequence of bad ones!
February 12, 2014, 02:36:14 PM
There is a branch here in Nairobi, if I get a chance I will try and open an account next week. I don't meet all the requirements though. Maybe combined with my Kenyan wife, I can get one.
from http://www.cfcstanbicbank.co.ke/Kenya/Personal/Transactional-banking/Smart-banking
Account opening requirements:
ID or Passport (Original and Copy)
Two passport size photos
Evidence of income
Evidence of physical address (Utility bill)
Minimum opening balance
Income range from KES 30,000 to 150,000
Introduction or reference letter from either:
Employer or
Existing CfC Stanbic Bank customer
from http://www.cfcstanbicbank.co.ke/Kenya/Personal/Transactional-banking/Smart-banking
Account opening requirements:
ID or Passport (Original and Copy)
Two passport size photos
Evidence of income
Evidence of physical address (Utility bill)
Minimum opening balance
Income range from KES 30,000 to 150,000
Introduction or reference letter from either:
Employer or
Existing CfC Stanbic Bank customer
February 12, 2014, 02:35:42 PM
I am curious if I can open an International account with them. Looks like they have an option for corporate bank accounts for international/offshore customers. http://international.standardbank.com/corporate/offshore-corporates/
February 12, 2014, 02:23:49 PM
That screenshot looks amazing. Also, Africa leading the way? what the
China funds the bank with a lot of loan money. Would not be surprised if this is actually a Chinese move to more easily get money in and out of its post-colonial industrial child, South Africa. There are numerous advantages for the Chinese in doing so. :
February 12, 2014, 01:49:02 PM
That screenshot looks amazing. Also, Africa leading the way? what the
Their banking system is actually really advanced. February 12, 2014, 01:48:35 PM
That screenshot looks amazing. Also, Africa leading the way? what the
February 12, 2014, 12:49:57 PM
From Wikipedia:
"The Standard Bank of South Africa Limited is one of South Africa's largest financial services groups. It operates in 32 countries around the world, including 19 in Africa."
I thought that it was probably only in Africa. This is great! "The Standard Bank of South Africa Limited is one of South Africa's largest financial services groups. It operates in 32 countries around the world, including 19 in Africa."
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