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Quick Take

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  • The biggest banking institution in Belarus, Belarusbank has allegedly launched its cryptocurrency platform service. 
  • This comes after a report was published earlier this month on the 12th of November by a local news company known as Prime Press.

The biggest banking institution in Belarus, Belarusbank has allegedly launched its cryptocurrency platform service. This comes after a report was published earlier this month on the 12th of November by a local news company known as Prime Press. 

According to the report, the bank is getting ready to release its service allowing users to exchange cryptocurrency using a Visa payment card. 

This new service would allow for crypto trading against Fiat currencies such as the United States dollar or more locally, the Belarus Ruble.

The financial institution has reportedly said that the launch of this new service will come simultaneously with the company planning to digitally transform as such a plan was announced a few years ago.

This new service would be allegedly available to people from Belarus and Russia with the financial institution also planning to extend a list of countries over time to support the service, not to mention the cryptocurrencies on it.

Thanks to a partnership with a local crypto payment operator known as Whitebird, this new feature is becoming a real reality. Before this new service was officially introduced to the countries, the partnership between the two companies was inked two years ago in 2018.

It will be interesting to see how this product operates in the future.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily 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.



2020-11-16 12:00:00

Robert Johnson

Crypto Daily™

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