The South African cryptocurrency partner cooperates with an international payment processing firm based on the blockchain. The merger of DoshEx and PundiX will allow novice cryptocurrency users to spend their assets in real locations in South Africa.submitted by Kriptowolk to u/Kriptowolk [link] [comments]
Since millions of South Africans live without access to banking services, this merger may help introduce digital assets in the country.
Crypto firms target early adopters in South Africa, non-banking and anyone with an XPOS system.
According to the South African technology publication IT Online, the local exchange platform exchanges DoshEX will work with the global payment chain company PundiX to present XPOS devices for sale at points of sale. Soon, South African users of cryptocurrency will be able to replenish PASSIX XPASS cards with various digital currencies and spend them in real stores.
Cryptocurrencies supported by PundiX XPOS devices will include bitcoins, ethers and Binance Coin and others. According to the startup website, the goal is to install at least 100,000 such outlets by February 2021.
The system is ideal for those who lack banking services, as it allows you to make digital payments without the need for a traditional account. Nevertheless, two startups obviously hope to attract more than just those who live in South Africa without banking services. The service works using a familiar credit card-sized payment card, for which you must click on the terminal. This decision to make the process the same as a payment by a contactless bank card was intended for those who are already familiar with such payment methods, while remaining available to those who do not.
PundiX Labs CEO Zak Chia commented on the merger:
"XPOS IS A CAPTIVAL"
He further stated that a partnership decision with an established DoshEX exchange platform should encourage those already familiar with the marketplace to try this service.
Alex de Brun, CEO of DoshEX, added:
“IT WAS IMPORTANT TO EXPAND THE TESTED AND VERIFIED TECHNOLOGY, BECAUSE OUR GOAL IS TO QUICKLY BUILD THE FIRST NETWORK OF CRYPTOLOGY IN SOUTH AFRICA. HERE'S WHY WE COOPERATE WITH PUNDIX. ”
Cryptocurrency continues to penetrate more real places.
The announcement of DoshEX and PundiX about the introduction of cryptographic devices in South Africa is the latest example of how digital assets are increasingly used in real-world conditions. Previously, NewsBTC reported that French tobacco stores are introducing services for buying digital currency without a prescription. Most recently, it was still announced that the exchange giant Binance has launched real-world cryptocurrency services to Australian newspaper agents.
Although such examples do not guarantee adoption, they certainly help to secure the place of Bitcoin and other popular digital assets in the public psyche. Particularly encouraging is the fact that such services are focused on emerging markets, such as South Africa, because there is no bank in the world that is often claimed to derive maximum benefit from the democratizing crypto-monetary revolution.
And we recommend the blockchain platform Bitteam - this is an exchange platform where people can simply submit ads for the sale / purchase of their cryptomonet with a commission of only 0.2%. It is 5 times cheaper than any analogs!
The platform solves the problem of large commissions when selling or buying a crypt for both investment and financial transactions, and is also a reliable tool for increasing funds (#BTT token)
#BitTeam #BTT #tokensale # P2P #exchange #Marketplace #CDC
A new payment app for crypto and fiat payments has been launched in Nigeria. Called Bundle, the app is an African-focused social payments app for cash and cryptocurrencies and is backed by Binance, Finextra reported. It is founded by Yele Bademosi, former director at Binance labs. South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex Tim Draper Heaps Praise on Bitcoin Cash Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell ... Reserve Bank of South Africa To Initiate Trial Run Of Cryptocurrency Regulations The Reserve Bank of South Africa discussed possibilities Cryptocurrency News Blog covering all the latest info on Bitcoin, Ethereum, Crypto Exchanges, crypto trading, trading bots and bitcoin mining. Binance says it will cover the cost of the stolen bitcoins (Image: newsbtc.com) Hackers have stolen $41m (£31m) worth of Bitcoin in a major crypto-currency heist. The Binance exchange, which stores Bitcoin and other crypto-currencies for members, said hackers took 7,000 bitcoins in one go. Withdrawals have now been suspended on the platform. Just because we are in a sustained bear market doesn't mean there aren't quality projects out there. One such project is called Verasity, which is taking on tech giants such as Youtube and Facebook with their video sharing platform. Binance, the world's largest cryptocurrency exchange is running a free webinar for crypto enthusiasts across South Africa. Whether you've just heard about crypto or you're a crypto enthusiast ... The world’s largest altcoin, Ethereum, was significantly affected by the aforementioned downtrend in the Bitcoin market, with ETH falling well below the $200-mark. However, it has since recovered, with ETH hiking by almost 5% over the last 24-hours. While the press time trading price of $199.13 was still well below its price over 9-10th May, it is likely that with the impending roll-out of ... Binance has announced an official launch of its Uganda’s subsidiary that will allow users in the country to buy top cryptocurrencies using the countryis fiat currency. The exchange platform has gone live on October 24 after an announcement last week about the same. Last week’s statement stated that Ugandan traders will enjoy free trading in […] By far the most important company in diamond mining is NamDeb, a consortium in which the Namibian government and the South African De Beers Group each hold 50% of the shares. NamDeb’s last two onshore mines will soon be closed. Offshore production will continue for a number of years, but offshore deposits will also be depleted sometime in the next few decades.
[index]          
Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the ... What’s Binance been up to on the African continent? Watch this midyear recap of Binance activities in Nigeria, Kenya, South Africa and Uganda. From crypto education via Binance Masterclasses to ... How to make money with Bitcoin in South Africa Bitcoin is becoming a popular payment currency on the internet because their are almost no cost involved when trading with bitcoin. There are initial ... In this round of news, we look at South Korea announcing that there is not going to be a ban on cryptocurrency and that nothing is finalised. We also have a look at if Bitcoin is dying as a ... - LINKS - • Binance (crypto exchange, altcoins) https://www.binance.com/?ref=11176955 • Get R10 in free Bitcoin by signing up at Luno with this link: https:/... Join Binance Nigeria, Binance South Africa and guest speaker Chris Ani for a masterclass on “Becoming A Profitable Crypto Trader” LIVE NOW. Learn about Bitcoin, crypto trading, and building a ... This video covers the latest Binance news including 18 potential new Coin Listings and the various fiat gateways they are developing worldwide. #binance #bnb... This is Altcoin news, from the world of Cryptocurrency. Today we talk about why two of the largest cryptocurrency exchanges look to exit Asia due to impractical policies. Cryptocurrency and AI ... The latest in Bitcoin news - forks aplenty, South Africans going BTC crazy, Korea and banks causing FUD, and the latest from the mining world. Never a dull day in Bitcoinland. Mine Bitcoin on ... I discuss investing in stocks , bitcoin , ethereum , litecoin , real estate and so MUCH MORE. I'm often critical of the Federal Reserve and central banking (.. End the Fed...) and I hate socialism ...