Standard Bank Bitcoin pilot won’t launch

“The pilot is now complete and Standard Bank has no plans to launch".

The pilot Bitcoin trading platform that was being tested at Standard Bank will not be launched to customers, a spokesperson for the bank has told MyBroadband.

This follows earlier reports that the bank had been running a Bitcoin trial using technology from Switchless, a company headquartered in Singapore with offices in Stellenbosch, South Africa.

Source: Moneyweb

South Africa: FNB to use its ECNS licence for value-added services

It has a licence to operate, what is it doing with it? First National Bank says it will not be using its ECNS (Electronic Communications Network Service) licence to become the country’s next cellphone operator, but rather to increase value added services for its clients.

Source: Moneyweb

Naspers's new media lab is revolutionary

The boundary between the physical world and internet is narrowing. There is a lab in a quiet corner of Stellenbosch University where a group of post graduate students are doing quite extraordinary things. The vibe in the lab is relaxed and convivial. An aroma of freshly brewed coffee lingers. It’s almost cosy. Yet it’s obvious that this is no ordinary laboratory. The banks of computer screens are one give-away, the carpeted floor – no linoleum here – is another, and the working relationship with media giant Naspers MIH is another.

Source: Moneyweb
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