CommonWealth Bank of Australia Launches Digital Payment System

In its latest iOS App update, the commonwealth bank of Australia(CBA) has launched a digital payment system similar to QR Code or Bitcoin System.

I guess this is a good strategy used by CBA to join the crypto currency race.

I am not sure about the exact technology used behind this, but it does have similarities with the Crypto Currency Payment system.

I do want to post the QR Code kind of image from my APP, but it may compromise the security of my account, hence i am not posting.

CBA could be one of the first bank to adopt cryptocurrency kind payment methods