‘Bitcoin Should be Used as a Currency Tool, Rather Than a Currency Itself’
Cointelegraph SA recently attended the African Cards & Payments Conference in Sandton, Johannesburg, where local bitcoin payment processing company PayFast stood out as a technology company with a vision. We managed to catch up with Bitcoin expert and local entrepreneur, Gareth Grobler, founder of South African bitcoin exchange ICE³ X. Gareth delivered a presentation around Bitcoin technology and chaired a VIP round-table discussion attended by industry professionals from across the continent. The discussions focused on dispelling the myths around Bitcoin and discovering the real....
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South African payments gateway PayFast added bitcoin as a payment method on its platform in July of last year, partnering with the BitX exchange and allowing buyers to make purchases using bitcoin at over 30,000 online sellers, who receive the South African currency rand in return. CoinTelegraph caught up with PayFast Managing Director Jonathan Smit to find out how it was going so far and what the future holds for bitcoin in Africa. “As far as bitcoin is concerned, remittances are far more interesting due to their transfers being virtually instant and borderless, which is very useful for....
In a bid to tackle the issue of how users can separate their Ethereum (ETH) and Ethereum Classic (ETC) coins, ShapeShift has unveiled a new digital currency feature designed to do the job. The Ethereum Splitter tool is a new feature unveiled by the digital exchange platform, created to split ETH and ETC coins automatically. According to the ShapeShift website, the splitter tool is intended to avoid attacks and prevent coins from going missing, providing users with the peace of mind to know their coins are safe. With the tool, users have the ability to ‘clean’ their balances, which will....
Social messaging is an emerging trend on a global scale. With so many ways of communicating with other people around the world, it could prove to be an interesting way of increasing Bitcoin awareness and adoption. And there are several applications trying to merge the best of social messaging and digital currency into an easy-to-use platform. SendChat is one of those platforms, and they are focusing a lot of providing top notch security. SendChat – Bringing Digital Currency To Telegram Users. When we talk about adopting blockchain technology en masse, there is no better way to show people....
Digital currency is a fairly new technology that is changing and disrupting many of the traditional online Industries. In fact, the technology behind digital currency has the potential to be a much greater disruptive force than the cryptocurrency itself. Investors and entrepreneurs are certain this technology could replace huge aspects of both the financial and online industries, and even how the corporate management model works. Most people still think of digital currency has a currency that is tied to illegal activities, but this condition is rapidly changing and many industry gurus....
Sandia National Laboratories is working on a blockchain analysis tool that allows law enforcement agencies to track and crack down on illegal Bitcoin transactions. Bitcoin has always been pseudonymous at best. By design, the transparent nature of blockchain enables anyone to access transaction details using block explorers. However, tracking the entire transaction history of any Bitcoin token is a cumbersome task at the moment. A tool currently under development at the Sandia National Laboratories may make it easier to track Bitcoin transactions. Once completed, the tool is expected to....