Australia's Largest Bank - CBA - to accept Cryptocurrency

Australia’s largest bank - the Commonwealth bank of Australia (CBA) - has announced that it will accept Cryptocurrency from 2022, with initial rollouts to start "soon". They appear to be focusing on 10 cryptos, likely being the main candidates (i.e., BTC, ETH, etc). I discuss the implications that has for Commonwealth Bank and for cryptocurrencies more generally. And, in short, it is positive news. But, CBA’s share price had a luke warm response, increasingly only slightly and underperforming ANZ. It is important to not read too much into this when looking at crypto markets more generally.

Check out Swyftx for a reasonably low cost - and solid - exchange based out of Australia: https://bit.ly/3nRl6BI

Binance is also good for low costs, but seems to have technical issues periodically. https://bit.ly/2ZRS7FG #CBA #Crypto #Bitcoin


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