Net1 Expansion Acquires 5% More Interest from Kuno Frick Family Foundation

Net1 emerges as the top in payment processors in the Republic of Korea and South Africa. The Bank Frick adopted cryptocurrency certificate and allows investors to put in more cryptocurrencies to their respective portfolios. Additionally, the bank offers support to large companies operating in coin offerings. Besides, the bank complies with relevant legislation such as anti-money laundering and strict European legislation of know your client. Acquisition of 5% more interest by the bank from the Kuno Frick Family Foundation is geared to boost its performance.

According to the CEO of Net1, Herman G. Kotzé, investment in the bank will strengthen the involvement and support of the organizations. Besides, the CEO noted that there has been remarkable progress in the bank by making attractive products and services alongside cryptocurrency trading.

Edi Wögerer, the CEO of Bank Frick emphasized that the main goal of digital strategy agreement is to promote classical banking systems.

The bank is looking forward to re-invest additional premium to foster expansion and development of blockchain technology.