Decentralized Tech Could Help with South Africa’s Economy and High Crime Rates
Decentralized technologies like Bitcoin and emergency response app Cell 411 could help with South Africa’s economy and high crime rates. Bitcoin’s potential to alleviate economic woes. South Africa’s government has let its citizens down, overseeing both a disappointing economy and a frightening crime rate. Thankfully, the people still have recourse in decentralized technology. With Bitcoin in one metaphorical hand and Cell 411 in the other, the average South African can hope for a brighter future, government incompetence be damned. South Africa’s economy is in trouble. Sluggish economic....
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At the recent Sibos event in Geneva, several organizations showed off blockchain prototypes and had plenty of discussion regarding the technology. During the event, Russia’s National Settlement Depository (NSD) and South Africa’s Central Securities Depositories (CSDs) signed a letter of intent to begin initiatives using distributed ledger protocols. A....
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The company said it will allow customers to pay with any bitcoin lightning-enabled app and QR codes for speedy payments. Pick n Pay, one of South Africa’s largest supermarket chains, is set to allow its customers to pay for items in all its stores using Bitcoin.According to South African-based tech news outlet Tech Central, Pick N Pay is planning to roll out its cryptocurrency payments service to its stores nationwide in the coming months, after years of experimentation in select stores. The supermarket chain allegedly started experimenting with Bitcoin payments five years ago in Cape....