Bitcoin Forum

http://www.coindesk.com/africas-largest-bank-trials-bitcoin-integration-system/ (http://www.coindesk.com/africas-largest-bank-trials-bitcoin-integration-system/)

https://pbs.twimg.com/media/BgRXvgsCAAASmIB.jpg

Awesome!!

This is interesting. Great news.
Now we need to fix those recent issues as fast as humanly possible.

Image looks photoshopped. There are several "Received 0.00000001 BTC" missing...

Hahaha nice!

 :D

+1 :D

Makes perfect sense.  Africa is a pioneer in the wallet system (EG W1- Wallet One), where all transactions take lace via mobile phone.  Bitcoin is a perfect evolution of this payment method.  Great news. 

After all, if mankind paved the way for human evolution, it may as well pave the way Bitcoin! ;D

Finally some decent news this week...

This is nice hope it succeeds

Where are the Enjoy Sochi spammer payments? lol

Is this legit? That image doesn't exactly prove much.

Rand scores one point versus the USD in becoming a reserve currency by trading one more thing than the USD in normal bank operations:

https://bitcointalk.org/index.php?topic=461915.0

 :P

I couldn't have picked a better bank! These guys are s*it hot!

Most European/US banks are unprofitable, over-leveraged and stuck in the stone-age.

Banking is one of the few things South Africa actually does well & Standard Bank is at the top of that pile.

Great news!

Can't wait for this integration to be released to the consumers.
Possible next bitcoin spike, pst you have not heard this from me.

From Wikipedia:

"The Standard Bank of South Africa Limited is one of South Africa's largest financial services groups. It operates in 32 countries around the world, including 19 in Africa."

https://en.wikipedia.org/wiki/Standard_Bank

This is huge guys  :o

EDIT:

https://i.imgur.com/bGgvjOd.png

I thought that it was probably only in Africa. This is great!

That screenshot looks amazing. Also, Africa leading the way? what the  ???

Their banking system is actually really advanced.

China funds the bank with a lot of loan money. Would not be surprised if this is actually a Chinese move to more easily get money in and out of its post-colonial industrial child, South Africa. There are numerous advantages for the Chinese in doing so. : ::)

I am curious if I can open an International account with them.  Looks like they have an option for corporate bank accounts for international/offshore customers.  http://international.standardbank.com/corporate/offshore-corporates/

There is a branch here in Nairobi, if I get a chance I will try and open an account next week. I don't meet all the requirements though. Maybe combined with my Kenyan wife, I can get one.


from http://www.cfcstanbicbank.co.ke/Kenya/Personal/Transactional-banking/Smart-banking (http://www.cfcstanbicbank.co.ke/Kenya/Personal/Transactional-banking/Smart-banking)

Account opening requirements:

    ID or Passport (Original and Copy)
    Two passport size photos
    Evidence of income
    Evidence of physical address (Utility bill)
    Minimum opening balance
    Income range from KES 30,000 to 150,000
    Introduction or reference letter from either:
    Employer or
    Existing CfC Stanbic Bank customer

The major good news we were all waiting for after the recent sequence of bad ones!

It's actually SOUTH Africa, a bit different.. although I won't be surprised to see Kenya to gain larger adoption due to their integration with the MPesa system. Very good news! :)

Damn, this is some good news! Plus, their interface looks amazingly. It's clean and easy, just the way I like it. It's just a bummer that they don't have a branch in my country. I would switch banks if they really start accepting Bitcoins.

We just have to wait a few more weeks.

No, its not.

Wow a bank for bitcoin ??

Standard Bank has the best penetration into Africa of the South African banks.  I guess this is also why the Chinese like to use them as they do business in Africa.  I would imagine the branches in Europe, Asia and US would be more for commercial clients rather than individual clients.  

In general South African banking systems are far more advanced than Europe or USA.  Our internet banking has long been more advanced than what I saw in the UK and Asia for example.  I think it may be the case that people could learn from the first the first implementations in developed countries.  Much in the way Africa is skipping land line tech and going straight to mobile.  

I have to say I haven't seen anything about this news in the local news sites though.

You didnt even get such obvious joke? wow.....

"Bitcoin Integration" sounds big, but what is it?
It would be great if you get a "bitcoin account" besides a chequing account and savings account,
and can buy bitcoins from money in savings and then send them out!

The pictures shows more than enough to know what this would be.

Standard Bank throws out Bitcoin idea (http://businesstech.co.za/news/banking/53087/standark-bank-throws-out-bitcoin-idea/)

I will wait until CoinDesk reports something. That article is way to small.

Even if the bank was going ahead with the implementation, I don't think they would announce until the regulators approve it. I wonder who else the system developer in Singapore is working with. There is another interesting development in Australia which was from another thread. Something has to give soon.

http://www.businessinsider.com.au/aussie-technologists-are-
opening-the-worlds-first-bitcoin-based-bank-this-year-2014-2

That's a pityM D 5  hash of my email address 8ec09f7ae53f61c8d7245376fec74e84
I suspect they are concerned about the risks and liabilities of loosing clients' bitcoins  ;D