Coming to Africa: Bitcoin Ready to Invade
Western society has a tendency to focus on how Bitcoin and the world, revolve around them in domestic terms. Bitcoin has been a very exciting investment opportunity, with five years of unprecedented growth, followed by one year of epic drops in dollar value. It has mostly made its name based on that history alone, but Bitcoin is much more than a mere high-risk, high-yield investment. This is especially true in developing nations and emerging markets. The naysayers and pessimists in particular always fail to see the forest through the trees when it comes to Bitcoin, and its global growth....
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Curious how the BTC invasion of Africa is going? If you've got five minutes, the below film might be a great way to spend it. Also read: Coming to Africa: Bitcoin Ready to Invade
Bitcoin ATMs (Automated Teller Machines) have been popping up all over the world. Hong Kong, Australia, Dubai, and America, among other places, have operating Bitcoin ATMs. These ATMs have only become widespread in the past few months and are a very new and incomplete technology. Now, they're coming to Africa. Coming to Africa. [dropcap size="small"]Bitcoin's first ATM in the vast continent of Africa is expected to be opened to the public in late May. The ATM will be owned by ZABitcoinATM. The first ATM will come to Johannesburg, South Africa. A second one, which will come a month after....
Johannesburg, South Africa, will reportedly become the first city on the continent to host a permanent bitcoin ATM this May. The start-up behind the plan, ZaBitcoinATM, says it ordered a Lamassu machine in February, and that it expects to receive the unit within days. ZaBitcoinATM revealed more details about the forthcoming launch in a Bitcoin Talk forum post, explaining: "We are in discussions with several restaurants/coffee shops and will be coming to a conclusion as to the final location once we have shown the interested parties the device." If all goes according to plan, Africa's first....
Indications are rife that Bitcoin use will grow in parts of Africa in the coming years in the mobile payment market which Statistics says is expected to grow to 101.34 million users in 2016. EY's attractiveness survey Africa 2015 says capital investment into Africa between 2013 and 2014 surged to $128 billion, up 136% and foreign direct investment FDI created 188,400 new African jobs at a 68% increase. Co-founder of Chankura in South Africa, Thabang Mashiloane, says they have discovered that ±13% of the $128 billion has been flowing within Africa in remittances and the large number of the....
Bitcoin may soon be responsible for lighting up the streets of South Africa. Yes, because Invirohub, a South African smart meter developer, has integrated bitcoin payments into its smart meters. These meters allow consumers to "to up" an electricity allowance. Each meter will have a specific wallet address and 3G SIM card for connectivity. Once a user puts a deposit on the address their account will be credited at the current exchange rate. Months ago South Africa's Standard Bank, Africa's largest bank, was said to be testing bitcoin payment systems and more recent news of Johannesburg and....