Discovery Bank & Luno Bring Digital Assets to Traditional Banking
In a landmark development for the African financial sector, Discovery Bank has announced a strategic partnership with global crypto asset platform Luno. This collaboration marks a significant milestone, positioning Discovery Bank as the first in Africa to integrate crypto asset trading directly into its mobile banking application. The initiative is set to redefine how traditional banking clients interact with the burgeoning world of digital assets, making cryptocurrency more accessible and manageable within a secure and familiar financial environment. This move signals a major step towards mainstreaming digital currencies as a legitimate asset class for everyday banking customers.
Seamless Crypto Trading within Your Banking App
Scheduled to launch in December 2025, this first-of-its-kind integration will provide Discovery Bank clients with a seamless and secure gateway to the crypto market. Users will be able to link their Discovery Bank and Luno accounts, enabling them to buy, hold, and sell a diverse portfolio of over 50 crypto assets, including popular options like Bitcoin and Ethereum, directly through the Discovery Bank app. This real-time functionality is designed for both convenience and security. Furthermore, clients engaging with this feature will be able to earn Vitality Money rewards, blending digital asset investment with the bank’s established rewards ecosystem.
The partnership underscores a shared vision of innovation between two leading South African brands. As Christo de Wit, Luno’s South African Country Manager, stated, “We’re truly excited about this partnership between two innovative South African brands.” By embedding crypto asset capabilities within the Discovery banking platform, the collaboration effectively lowers the barrier to entry for many South Africans curious about digital currencies. This integration promises to provide a regulated and user-friendly experience, bridging the gap between conventional finance and the future of digital assets.
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