bitcoin

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RBZ outlaws cryptocurrency trading

There was a lot of positive buzz about Zimbabwe in April when one of the leading trading platforms Golix introduced a local ATM. The ATM, located in Harare CBD allowed customers to deposit and withdraw (real)USD in exchange for Bitcoin. Needless to say it was the only ATM in town allowing people to withdraw real USD without a hassle. The [...]

By |2018-05-15T04:40:10+00:00May 15th, 2018|Categories: News, Technology|Tags: , , |Comments Off on RBZ outlaws cryptocurrency trading

Bitcoin basics for Africans

Everyone including us has been raving about how great or bad Bitcoin is. We even used it to estimate the real value of bond notes which the Reserve Bank of Zimbabwe continues to claim is at par with the USD. The question on your mind right now might be: Just what the heck is Bitcoin? Bitcoin is a currency Rest [...]

By |2017-11-02T10:59:41+00:00November 2nd, 2017|Categories: Business, Technology|Tags: , |Comments Off on Bitcoin basics for Africans

The future of the Bond notes

During the 2008 crisis many Zimbabweans rushed to buy foreign currency, property and shares in order to shield them from the corroding effects of inflation. The US dollar was the most coveted currency due to its universal acceptance followed by the Rand. Now the Zimbabwean government is holding the US dollar hostage. They have tied their own Bond notes to [...]

By |2017-10-21T08:02:47+00:00October 21st, 2017|Categories: Business|Tags: , , , |Comments Off on The future of the Bond notes

Pick n Pay is not accepting Bitcoin payments

Recently Pick n Pay successfully carried out a Bitcoin payment trial at their head office campus store. This set off a series of posts across the blogsphere with some claiming the retailer was now accepting bitcoin payments. This, it turns out is not true. The exercise was just a trial to see if paying for groceries using the currency could [...]

By |2017-09-20T06:56:27+00:00September 20th, 2017|Categories: Business, Technology|Tags: , , |Comments Off on Pick n Pay is not accepting Bitcoin payments

14 African Startups go on a European tour

PitchDrive an initiative by the Nigeria CcHUB which is powered by Google for Entrepreneurs, will engage 14 of Africa’s top tech start-ups on a tour of five European cities London, Amsterdam, Berlin, Zurich and Paris. The founders are in for treat of rare sightseeing  but that is not the goal of the tour. The aim is to have the founders [...]

By |2017-08-14T09:41:09+00:00August 14th, 2017|Categories: Business, News, Technology|Tags: , , , |Comments Off on 14 African Startups go on a European tour

Bitcoin’s mad rash continues

Will the Bitcoin bubble ever burst? Nothing seems to be stopping the crypto-currency as it has sped the $4 000 mark for the first time due renewed optimism  that faster transaction times will hasten the spread of the cryptocurrency. Today the digital tender lept to astronomic hieghts of $4 125.17  a dizzying gain gain of 15% from Friday's prices. This [...]

By |2017-08-14T08:37:57+00:00August 14th, 2017|Categories: Business, News, Technology|Tags: , |Comments Off on Bitcoin’s mad rash continues