Topic: Israeli bank Leumi to launch cryptocurrency trading (Read 68 times)

Pepper Invest is the official platform the Israeli Bank Leumi will be using in carrying out trading and investment services and serve the functions of an exchange as approved by their government. 

This means that Israeli Financial institution (bank Leumi) is given the access to perform any cryptocurrency transaction using the platform "Pepper Invest" just like a centralized exchanges. though its not the best but at least a good start in placing cryptocurrency activities and operations suitable for use by everyone.

I am not getting what they mean by 'Pepper Invest'. This is a better opportunity for Israeli citizens to trade cryptocurrency on their native platform. From this step, banks, government, and citizens of them will be benefited. Bank will earn a trading fee and the government will get tax. On the other hand, it will be easier for citizens to turn their crypto into liquid. So, I think this is the right decision for the bank and for the nation as well. They realized the value of cryptocurrency and don't want to miss the trend.

Another edge is made in Israeli by giving cryptocurrency transactions a better opportunity service for individuals convenience as it second largest bank "Leumi Bank" is set to launch a platform that allows cryptocurrency transactions process through the bank to sell, hold and make use of in crypto trading with the tag "Pepper Invest" which is said to be the first of it kind to be used in performing trading services by the Israeli banks.

Also, more importantly the bank is determined to ensure and effective tax payment from the platform to ensure strict adherence to protocol of using the service for individual transactions. Two things comes to my mind about this development on Israeli, first is that i never thought personally that this could come so easily to achieve in a country like Israeli knowing well that alot of developing countries places  ban on their bank for operation of such services in other for them to launch their CBDC, and other reasons resulted as a result of regulation challenges.

Secondly, seeing a country like Israeli having the understanding of creating a platform through it commercial counterparts for the better experience of citizens (users) in giving cryptocurrency a better opportunity to advance in the region and the world at large. Also, i think the government is worth recommendable in giving cryptocurrency chances to advance in their region.