BREAKING NEWS: Major Multinational Bank Trials Integration with Bitcoin

[Pente]

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

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

[CryptoPanda]

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

[kik1977]

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

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!

[Mitchell]

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.

[Lauda]

We just have to wait a few more weeks.

[crypto2k]

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

No, its not.

[lemipawa]

Wow a bank for bitcoin ??

[spin]

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.

[seriouscoin]

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

No, its not.

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

[medUSA]

"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!

[Lauda]

"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.

[colour]

Standard Bank throws out Bitcoin idea

[Mitchell]

Standard Bank throws out Bitcoin idea

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

[zeetubes]

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

[medUSA]

Standard Bank throws out Bitcoin idea

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