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Discovery partners with Luno to launch the first in-app Crypto Assets trading service in South Africa.
PANews November 14 news, according to Reuters, Discovery Bank (stock code: DSYJ.J) will become the first lending institution in South Africa to integrate Crypto Assets into its mobile platform. Starting in December, customers will be able to trade Crypto Assets directly within its banking application. This feature is launched in collaboration with the London-based cryptocurrency exchange company Luno. Customers can link their existing accounts to Discovery Bank's Digital Bank application and buy, hold, and sell Crypto Assets such as Bitcoin and Ethereum. This Digital Bank, launched in 2021, achieved its first profit in the second half of the fiscal year ending June 30. Discovery Bank stated that its partnership projects comply with local regulations and have sound safeguards in place.