Belarusbank, the largest financial institution in Belarus, is reportedly launching a cryptocurrency substitution service.

According to a Nov. 12 report by local news agency Prime Press, Belarusbank is rolling out a service allowing users to exchange cryptocurrency using a Visa payment carte du jour. Equally reported, the new service enables trading crypto against fiat currencies like the Belarusian ruble likewise as the United States dollar and the euro.

Belarusbank executives reportedly said that the launch of the new crypto service comes in line with the visitor's digital transformation program that was announced a few years ago.

The new service is reportedly available to citizens of Republic of belarus and Russian federation. The bank is as well planning to extend the list of countries supporting the service as well equally the list of supported cryptocurrencies in the most future, the report notes.

Co-ordinate to the report, the new feature is a consequence of Belarusbank's partnership with local crypto payment operator Whitebird. Prior to introducing the new service, the two companies reportedly partnered to jointly explore the crypto industry in 2018.

Belarusbank is apparently one of the first banks in Republic of belarus pushing its own crypto service. The bank initially announced its plans to set upwards a crypto substitution in early 2019.

The development of crypto business in Belarus has been encouraged by local crypto-friendly regulation. As previously reported, Belarus President Alexander Lukashenko signed a draft decree legalizing the use of digital currencies in late 2017.