The solution allows users to buy, sell and save Bitcoins from within the Standard Bank online banking portal. Online banking credentials are used to verify the identity of the Bitcoin wallet holders. Other features include a merchant plugin which allows online retailers to accept Bitcoin as payment for goods.
According to the source, this is the first time a major bank has trialled a Bitcoin integration system. 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.
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