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Read smart insights about Francophone Africa’s tech ecosystem—weekly.
Crypto and African banks have spent years eyeing each other from opposite sides of the room, understandably so. In Nigeria, banks have had a difficult relationship with crypto exchanges and traders. Who would have thought that one of South Africa’s biggest banks would eventually put Bitcoin on its investment menu?
What happened? First National Bank (FNB), a South African bank with $50 billion in assets, has added crypto trading to its share trading platform through local crypto exchange VALR. Customers can buy and sell five assets, including Bitcoin, Ether, XRP, Solana, and USDT, from R10 ($0.6).
Originally published by TechCabal.