Australia's Largest Bank To Integrate Bitcoin Services In App
Commonwealth Bank will reportedly enable its 6.5 million customers to buy, sell, and hold bitcoin in 2022.Australia’s largest bank will reportedly allow its customers to buy, sell, and hold bitcoin starting next year.Commonwealth Bank’s customer base of 6.5 million people represents over 25% of Australia’s total population.It is unclear whether customers will be able to withdraw their bitcoin to an external wallet.Commonwealth Bank (CBA) will reportedly enable its 6.5 million customers to buy, sell, and hold bitcoin directly in its banking app, according to the Australian Financial Review.....
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"Big four" Australian bank, the Commonwealth Bank of Australia (CBA), has announced its plans to integrate Ripple and use the distributed network to transfer funds between its subsidiaries. Speaking during a presentation at a forum organized by the Australian Information Industry Association, David Whiteing, CIO at CBA, said that the bank has been "testing crypto protocols" and is about to "begin a wider experiment with one of our offshore subsidiaries." The purpose, Whiteing continued, is to "explore the benefits of intra-bank transfers using these protocols." "The idea is to test in a....
The CEO of Commonwealth Bank of Australia (CBA), the country’s largest bank, sees big risks in not participating in cryptocurrency. “We see risks in participating, but we see bigger risks in not participating,” he explained.
Crypto FOMO, Banks Need to Get Involved, Says CEO of Commonwealth Bank
Commonwealth Bank of Australia CEO Matt Comyn talked about the fear of missing out (FOMO) when it comes to bitcoin and cryptocurrency in an interview with Bloomberg Television in Sydney Thursday. Commonwealth Bank, or Commbank, is an Australian multinational bank with....
The Commonwealth Bank of Australia (CBA) announced this week it will use Ripple technology to facilitate payments between its subsidiaries, describing distributed protocols as "the way of the future". Last May, Germany's Fidor became the first bank to integrate Ripple's protocol into its payments infrastructure, with two US banks, CBW Bank and Cross River Bank, following suit four months later. Tech news site CIO quoted the CBA's own Chief Information Officer David Whiteing as saying the bank had "done a whole bunch of experiments" with bitcoin and other cryptocurrency technologies.....
Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot CBDC Until Middle of 2023 The Reserve Bank of Australia (RBA) has set out to explore use cases for a digital version of the Australian dollar. It’s collaborating on the project with the Digital Finance Cooperative Research Centre (DFCRC), a research program funded by the government and....
The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin. The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app. The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit. According to a Nov. 3 announcement, the CBA has partnered with the....