Willem Petzer: Don't miss the Stream tonight at 8 pm! I am talking to Gareth Grobler, CEO of the Ice3X crypto exchange, on how to buy Bitcoin to act as an insurance policy against the falling South African Economy and Rand currency. Educate yourself here:
Bitcoin to South African Bank Account ZAR Rand Cash Deposit
With full confidence you can withdraw bitcoin to south african bank account ZAR funds directly, Sell your btc crypto currency for Rand cash deposit The monetary establishments perform great administrations, play out their obligations effectively and upheld by present-day programming. There is zero chance of extortion or multifaceted nature in the exchange. They produce blockchains with to build up the commitments of the client bitcoin exchange. These banks are working everywhere throughout the world.
If you look at bitcoin price from a non-USD-centric viewpoint, it's currently near an all-time-high (ATH) in several currencies (Russian Ruble, Brazilian Real, Argentinian Peso, South African Rand...) - chart links in post
If you look at bitcoin price from a non-USD-centric viewpoint, it's currently near an all-time-high (ATH) in several currencies (Russian Ruble, Brazilian Real, Argentinian Peso, South African Rand...) - chart links in post /r/btc
The Sun Exchange raises $3M for crypto driven solar power in Africa
Read more on WordPress https://ift.tt/2AaMmq6 https://ift.tt/2XLfCfV South Africa based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million. The company operates a peer-to-peer, crypto enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa. How’s that all work? “You as an individual are selling electricity to a school in South Africa, via a solar panel you bought through the Sun Exchange,” explained Abe Cambridge — the startup’s founder and CEO. “Our platform meters the electricity production of your solar panel. Arranges for the purchasing of that electricity with your chosen energy consumer, collects that money and then returns it to your Sun Exchange wallet.” It costs roughly $5 a panel to get in and transactions occur in South African Rand or Bitcoin. “The reason why we chose Bitcoin is we needed one universal payment system that enables micro transactions down to a millionth of a U.S. cent,” Cambridge told TechCrunch on a call. He co-founded the Cape Town headquartered startup in 2015 to advance renewable energy infrastructure in Africa. “I realized the opportunity for solar was enormous, not just for South Africa, but for the whole of the African continent,” said Cambridge. “What was required was a new mechanism to get Africa solar powered.” Sub-Saharan Africa has a population of roughly 1 billion people across a massive landmass and only about half of that population has access to electricity, according to the International Energy Agency. Recently, Sun Exchange’s main market South Africa — which boasts some of the best infrastructure in the region — has suffered from blackouts and power outages. Image Credits: Sun Exchange Sun Exchange has 17,000 members in 162 countries who have invested in solar power projects for schools, businesses and organizations throughout South Africa, according to company data. The $3 million — which closed Sun Exchange’s $4 million Series A — came from the Africa Renewable Power Fund of London’s ARCH Emerging Markets Partners. With the capital the startup plans to enter new markets. “We’re going to expand into other Sub-Saharan African countries. We’ve got some clear opportunities on our roadmap,” Cambridge said, referencing Nigeria as one of the markets Sun Exchange has researched. There are several well-funded solar energy startups operating in Africa’s top economic and tech hubs, such as Kenya and Nigeria. In East Africa, M-Kopa sells solar hardware kits to households on credit then allows installment payments via mobile phone using M-Pesa mobile money. The venture is is backed by $161 million from investors including Steve Case and Richard Branson. In Nigeria, Rensource shifted from a residential hardware model to building solar-powered micro utilities for large markets and other commercial structures. Nigeria’s Rensource raises $20M to power African markets by solar Sun Exchange operates as an asset free model and operates differently than companies that install or manufacture solar panels. “We’re completely supplier agnostic. We are approached by solar installers who operate on the African continent. And then we partner with the best ones,” said Cambridge — who presented the startup’s model at TechCrunch Startup Battlefield in Berlin in 2017. “We’re the marketplace that connects together the user of the solar panel to the owner of the solar panel to the installer of the solar panel.” Abe Cambridge, Image Credits: TechCrunch Sun Exchange generates revenues by earning margins on sales of solar panels and fees on purchases and kilowatt hours generated, according to Cambridge. In addition to expanding in Africa, the startup looks to expand in the medium to long-term to Latin America and Southeast Asia. “Those are also places that would really benefit from from solar energy, from the speed in which it could be deployed and the environmental improvements that going solar leads to,” said Cambridge. Vaya Africa launches electric ride-hail taxi network
Binance Now Supports Deposits and Withdrawals in South African Rand
Binance, one of the world’s largest cryptocurrency exchanges, now supports direct transactions in South African rand. Users will now be able to deposit rand into their trading accounts in less than 30 minutes if their bank accounts support “Faster Payments Service.” In a blog post on May 12, Binance announced that rand will be available against five major cryptocurrencies — Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) Binance Dollar (BUSD) and Tether (USDT). This seemingly comes as part of Binance’s strategy to invest in cryptocurrency exchanges with prior banking relationships so that they may provide cryptocurrency trading against local fiat currencies. Investing and expanding worldwide Binance has been proactive in expanding its reach across both developed as well as developing countries. Only today, Cointelegraph reported that Binance made an investment in one of Indonesia’s major domestic regulated exchanges, Tokocrypto — though the amount of investment is yet unknown. Earlier in April, Binance had also added support for Indian rupee and Indonesian rupiah to tap the potential of growing cryptocurrency markets in these countries. Binance had also acquired one of India’s largest cryptocurrency exchange WazirX and crypto’s most well-known data platform CoinMarketCap. According to statements made by Binance CEO Changpeng Zhao — famously known as CZ — in April, the company invests a quarter of its profits into various investment opportunities.
Year 2020 Bitcoin/South African rand (BTC/ZAR) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Source: free currency rates (FCR) Bitcoin to South African Rand; Value of Bitcoin Price in South African Rand; 0.00000641 BTC = 1 ZAR: 0.00001283 BTC = 2 ZAR: 0.00003207 BTC = 5 ZAR: 0.00006414 BTC = 10 ZAR: 0.00012829 BTC = (Bloomberg) — VALR, South Africa’s biggest Bitcoin exchange by trading volume, raised 57 million rand ($3.4 million) to help fund further expansion. Proceeds from the capital raise will be used to explore new products for the South African market, including collateralized lending and derivative trading, and to broaden the company’s presence on the continent, Farzam […] Bitcoin - South African Rand Chart (BTC/ZAR) Conversion rate for Bitcoin to ZAR for today is R152,666. It has a current circulating supply of 18.4 Million coins and a total volume exchanged of R290,771,263,107 ICE3X is a cryptocurrency exchange which offers trading pairs in the South African Rand as well as ETH and BTC. It is currently registered as an “Internet Currency” company, one of the first in the country. It is owned and operated in South Africa. History of Bitcoin in South Africa. African banks have been a bit late to the fintech
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