Discovery partners with Luno to offer first bank app crypto trading in South Africa

By Siyanda Mthethwa

JOHANNESBURG (Reuters) -Discovery Bank is set to become the first lender in South ​Africa to integrate crypto into its mobile platform, ‌allowing customers to trade cryptocurrencies directly in its banking app from December.

The feature ‌is being launched in partnership with London-based crypto exchange firm Luno and will allow clients to link their existing accounts to the Discovery digital banking app and buy, hold and sell ⁠crypto assets like bitcoin ‌and ethereum.

“The financial world is evolving fast, and crypto assets have matured to become an ‍accessible, mainstream asset class,” Discovery Bank CEO Hylton Kallner said in a statement.

ONE-IN-TEN HOLDING CRYPTO ASSETS

“Our clients…

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