Australia’s largest bank is reportedly planning to add crypto support to its app

Nov 2, 2021 | The Block News | 0 comments

australia’s-largest-bank-is-reportedly-planning-to-add-crypto-support-to-its-app

The Australian Financial Review reported Tuesday that Commonwealth Bank, the country’s top bank, is planning to integrate crypto into its digital app.

Citing sources with knowledge of the process, the AFR said that the bank will announce the ability to buy and hold bitcoin, as well as other digital assets. Per the report, the added support will begin next year.

An announcement is expected Wednesday. The AFR also said that Commonwealth Bank may also make public deals with Gemini, a U.S.-headquartered exchange, and Chainalyis, a blockchain analytics firm, both of which will be playing support roles for the app integration.

 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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