African Bank tests the Bitcoin integration system
At exhibition «Finovate Europe 2014» was shown «fully operational and integrated Bitcoin portal system for a large multinational bank». About this tells the CoinDesk portal. The system was developed by Switchless and being trialled by South Africa’s Standard Bank. This is the largest bank in Africa with over 53,000 employees. In 2012 Standard Bank had headline earnings of US$1.8bn and total assets of $183bn.
Website of Switchless state:
«Switchless develops enterprise Bitcoin software for leading global banks, private wealth managers and brokerage firms, making it easy for them to bring Bitcoin to their customers. Our internationally mobile teams are highly experienced in the design and implementation of financial software and crypto-currency platforms».
This is first time a major bank has trialled a Bitcoin integration system, and Switchless says it is pleased with the results. All that is required for full deployment at this stage is a regulators’ approval, which the companies are hoping to receive in the coming weeks.
See also:
Source: http://ecurrency.ec/2014/02/african-bank-tests-the-bitcoin-integration-system/?utm_source=rss&utm_medium=rss&utm_campaign=african-bank-tests-the-bitcoin-integration-system
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