Australia’s Commonwealth Bank Lets Customers Trade Crypto Directly Through It...
The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services. Commonwealth Bank Begins Offering Crypto Services Commonwealth Bank (CBA), also known as Commbank, announced Wednesday that “it will become Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets,” which will be directly through....
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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 is on the verge of becoming one of the first banking institutions in the world to use the Ripple network. The plas to adopt Ripple network for payment settlements between its subsidiaries was announced by David Whiteing, the Chief Information Officer of Commonwealth Bank of Australia. He was speaking at an even hosted by AIIA (Australian Information Industry Association). With this announcement, the Sydney based bank has surpassed its rivals in London, Hong Kong and New York to become the first one to make use of a digital currency network. Some of the....
A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.” Seba Earn Lets Clients Generate Rewards From Crypto Investments Seba Bank, a digital asset banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA), announced the launch of Seba Earn Wednesday. The Switzerland-based bank described the new offering as....
The Commonwealth Bank of Australia will host a two-day blockchain conference in Sydney next month in an attempt to explore the technology's potential. According to a Computerworld report, the bank - which recently partnered with distributed ledger startup R3CEV and has experimented with Ripple's technology - has teamed up with Coala, a research organisation which had already organised an international series of blockchain events. David Whiteing, CIO at Commonwealth Bank, said: "Blockchain has the potential to transform banking in the way that the Internet transformed how we buy music and....
Traditional banking has taken a wait-and-see approach when it comes to blockchain for far too long. Everyone active in the world of blockchain is well aware of how major banks take a vested interest in this technology. Up until this point, very few of those projects have created something useful. But Commonwealth Bank of Australia and Wells Fargo completed an international trade using distributed ledgers. Several different applications were used in the process. This collaboration between these two global banks and Brighann Cotton Marketing is quite an intriguing one. By using blockchain....