{"id":53062,"date":"2014-02-13T10:22:29","date_gmt":"2014-02-13T08:22:29","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=53062"},"modified":"2014-02-13T10:38:14","modified_gmt":"2014-02-13T08:38:14","slug":"standard-bank-launches-bitcoin-pilot","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/53062\/standard-bank-launches-bitcoin-pilot\/","title":{"rendered":"Standard Bank launches Bitcoin pilot"},"content":{"rendered":"

News has emerged from the FinovateEurope conference in London on 11 February 2014 that Standard Bank is running an internal Bitcoin trading platform trial using technology from Switchless.<\/p>\n

Bitcoin is a digital currency known as a cryptocurrency, which is a digital medium of exchange that is typically defined as specifications for the use and distribution of the currency they create.<\/p>\n

These digital coins are created mainly from \u201cmining\u201d \u2013 using algorithms and PC processing power to solve cyptographic problems.<\/p>\n

In photographs posted to Twitter and the Finovate blog of a presentation by the Switchless co-founders, the Standard Bank Bitcoin platform was shown to include features to buy, sell, store, and spend Bitcoin.<\/p>\n

Switchless South Africa was asked to confirm the reports based on their presentation, but declined to comment.<\/p>\n

Standard Bank was asked for details about its trial, and a spokesperson for the bank has confirmed in the meantime that they are testing a Bitcoin trading platform internally.<\/p>\n

\"Standard<\/a>

Standard Bank internal Bitcoin pilot with Switchless Finovate Europe 2014<\/p><\/div>\n

This article first appeared on MyBroadband<\/a><\/p>\n

More on Bitcoin<\/h3>\n

Bitcoin under hack attack<\/a><\/strong><\/p>\n

Bitcoin up and down as withdrawals halted<\/a><\/strong><\/p>\n

Russia says no to Bitcoin<\/a><\/strong><\/p>\n

Bitcoin: the end of the world of intrigue<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Standard Bank has confirmed that it is running an internal Bitcoin trading platform trial using technology from Switchless.<\/p>\n","protected":false},"author":12,"featured_media":52999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[5537,26,499,6904],"class_list":["post-53062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-bitcoin","tag-headline","tag-standard-bank","tag-switchless"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=53062"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53062\/revisions"}],"predecessor-version":[{"id":53067,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53062\/revisions\/53067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52999"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=53062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=53062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=53062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}