Moneyweb

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