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Will Bitcoin catch on with SA retailers? | IOL Personal ...

Will Bitcoin catch on with SA retailers?

Illustration: Mangena

Pick n Pay's recent pilot project to test Bitcoin as a means of payment raises the question of how Bitcoin (the digital currency) and blockchain (the technology that enables Bitcoin) could transform the payments landscape in South Africa.

For a limited period, customers...

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Related topics : accept bitcoin payments on your website / accept bitcoin payments on website / accept bitcoin payments online / accept bitcoin payments / bitcoin online payment

Bitcoin prices almost double in troubled Zimbabwe | IOL ...

Volatility has hit Zimbabwean financial markets leading to a spike in bitcoin prices to $13000 (Global average is about $7000 per bitcoin) and a surge in the US dollar/bond note parallel exchange rate as political upheavals escalate.

President Robert Mugabe yesterday fired his deputy, Emmerson Mnangagwa, for "disloyalty, deceitfulness and disrespect". Mugabe "exercised his powers" to relieve...

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Related topics : bitcoin trading currency market / bitcoin trade market / bitcoin currency trading / bitcoin trading price / transfer money from bitcoin to bank account

Orania plans new e-currency | IOL News

Orania, which is located along the Orange River in the Northern Cape, was founded in 1990 and currently has around 1 500 inhabitants. File picture: Boxer Ngwenya/ANA Pictures

Kimberley - The Afrikaner stronghold of Orania in the Northern Cape is planning a new "digital currency" which could "rival the rand".

It has been reported that economist Dawie Roodt is involved in the project to develop the...

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Related topics : bitcoin digital currency project / digital virtual currency and bitcoins / global digital currency exchange / global digital currency / will bitcoin be the one world currency

OPINION: Investing in cryptocurrencies like Bitcoin | IOL ...

With the boom in cryptocurrency values, investors are clamouring to make returns like those experienced by early adopters. As an example, Ethereum ballooned by 5,000% at one point this year.

However, cryptocurrency investing can be confusing. For starters, the term 'cryptocurrency' is misleading as it's not a single currency. There are currently over 900 digital currencies available, including...

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Related topics : global digital currency exchange / global digital currency / bitcoin digital currency exchange / digital currency like bitcoin / bitcoin digital currency project

$100 of bitcoin in 2010 is worth $75 million today | IOL ...

Bitcoin has received a lot of attention over the past few weeks in the wake of the recent malware attacks that impacted dozens of countries and thousands of businesses. Victims were required to pay a "ransom" in the digital currency to unlock files that were encrypted by the virus. The question for many business owners is that, given its growing acceptance, is it ready for prime time? Should we...

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Related topics : accept bitcoin payments online / accept bitcoin payments / accept bitcoin online / digital currency business / digital currency payment system

Bitcoin, blockchain and bubbles | IOL Personal Finance

If the only way we can value Bitcoin is based on supply and demand, and if those who use Bitcoin as legal tender comprise just a small part of its demand, a large portion of the demand for Bitcoin is speculative.

With no viable way to determine the price at which Bitcoin, or any cryptocurrency, should be trading, based on usual valuation criteria, if demand were to slump, it could result in spectacular losses similar to those seen during previous bubbles (which is true even in Bitcoin's relatively short history).

We believe the hype surrounding, and the price appreciation...

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Related topics : bitcoin transactions slow / bitcoin price history / bitcoin trading price / bitcoin transactions per second