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Absa Bitcoin Wallet

Ice3x Bitcoin Exchange South Africa

Ice3x Bitcoin Exchange South Africa

Create your free iceCUBED account on the bitcoin exchange & start trading bitcoin today! Bitcoin is Internet Currency. As a currency, bitcoin does not suffer from the limitations of physical "FIAT" currency, and has greater flexibility and security, with the transaction cost far lower than similar solutions. Bitcoin is totally secure and the network has never been breached. The Bitcoin network was created in 2008 by Satoshi Nakamoto. The idea is that merchants can accept bitcoin with minimal investment in resources and benefit from exposure to new markets as well as a reduction in the transaction charges they pay with traditional payment methods. Litecoin is similar to Bitcoin, but also the closest direct competitor. The main difference being the fact that Litecoin mining is currently resistant to ASIC hardware which means it can be generated with GPU's. Litecoins are sent and received faster than bitcoins. Litecoin was originally conceived and developed by Charlie Lee in 2011. Since its launch in 2011 Litecoin has seen steady adoption with an active community of traders, merchants, and developers. Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. "Ether" is the tradable Token that fuels the Ethereum network. Commonly associated with Bitcoin, "blockchain technology" has many other applications that go way beyond digital currencies. Ethereum is one such technology which has reached a level of maturity. The easiest and safest way to buy bitcoin in South Africa is through a registered bitcoin exchange . There are many risks when buying or selling bitcoin privately, which is why trusted exchanges are very popular. iceCUBED X have bee Continue reading >>

How Not To Make Money With Bitcoin As A South African - Imod

How Not To Make Money With Bitcoin As A South African - Imod

HOW NOT TO MAKE MONEY WITH BITCOIN AS A SOUTH AFRICAN Let me warn you, this is going to be a bit of a rant and if youre not in the mood for one rather scroll down a little to where I want to offer some tips. Whilst the rest of the world made an absolute killing on Bitcoin yesterday thanks to China , most of us South Africans sat and watched with envy. See, China went ahead and does what China often does .. moaned about something Internet related. This time it was about Bitcoin and guess what happened? The price of Bitcoin plunged from $1200 odd down to around $560 over night. Of course, the price drop was caused through the fear of the general public, but those who do a bit of trading on any form of stock market will know that this is often a really good time to quickly snap up stock and thats exactly what we should have been doing. Ive learnt a fair bit about trading and one thing I try to do is predict what the general uninformed public will do and try to trade in and around them to my benefit. Anyway, China isnt the be all and end all, what they say isnt the last word and with the US releasing various statements about Bitcoin being a major player for eCommerce (amongst plenty of other things) is was blindingly obvious that the price would rise again as the dust settled. So, based on the reading Ive done and my understanding of Bitcoin and various market places I figured the price would move up from $560 to around half way between $560 and $1200 fairly quickly. When a stock is so volatile and large corporations are publishing all sorts of speculative information, the price is going to rise and fall a few times in the case of Bitcoin, because its unregulated, theres more chance of this rather than a stock which could do a huge drop and not recover so quickly. Being fa Continue reading >>

Bitcoin Still In Hype Cycle: Fnb | Itweb

Bitcoin Still In Hype Cycle: Fnb | Itweb

FNB CEO Jacques Celliers says there is not much mainstream demand for Bitcoin yet. First National Bank (FNB) CEO Jacques Celliers believes Bitcoin is still in a "hype cycle", but that's not to say the bank is not investigating the possibilities of the crypto-currency and blockchain technology in general. "With tech innovation, you could keep yourself busy on things that don't matter and you could prove a fad or join a hype cycle. I think Bitcoin is one of those, for example. It's in a bit of a hype cycle at the moment," he told ITWeb in an interview. "From a broader customer base perspective, other than a few speculative investors, there is no real meaningful disruption that we think is necessary at this stage. But, we are investing into some of the components and we are playing with it; however, if you ask me where we put all of our resources, no, we didn't put it [in bitcoin]." He says in SA, there is "a bit of emotion and enthusiasm on the expectative value of it", but he doesn't see any real mainstream demand yet. FNB is, however, not opposed to digital currencies, and when eBucks launched almost 18 years ago, FNB's parent company FirstRand Bank said it was "the world's first bank-backed e-currency". "We started eBucks in 2000, so we had all of our strategy debates around digital currencies and e-currencies then, so we are very comfortable with what the components are that it solves. Look, [Bitcoin] has to get past the hype cycle, it has to get past the stage of the early adopters who are just about 'check how cool this is' to meaningful use cases, where things really gain momentum." On the other hand, Celliers believes Blockchain technology is "very exciting". "We have done our proof of concept, we understand what it is and what it isn't, but it needs a use case o Continue reading >>

Bitcoin To Zar - Live Bitcoin To Rand Price - South Africa Bitcoin Price & Info

Bitcoin To Zar - Live Bitcoin To Rand Price - South Africa Bitcoin Price & Info

South Africa, a country home for some of the most innovative startups in the world, is set for the next fintech and blockchain revolution. According to Disrupt Africa , a leading startup news platform, most of the innovations in the year 2017 will be focused on mobile payments, digital banking, Bitcoin, SME financing, data analytics, real estate and automation solutions. Interestingly, all these areas present an opportunity for the implementation of blockchain technology. [TOC] Blockchain could be the most significant social and political innovation to impact Africa in 100 years. Arian Lewis, Head of Open Innovation at Barclays. Its no secret, in South Africa and Nigeria, banks are wanting to be phone companies and in Kenya, one phone company is already the bank it is called MPesa . African banks have been a bit late to the fintech party, but since mobile phones have made such a huge impact on the financial industry in the African countries, banks are looking at this continent to test out new technologies like Bitcoin and Blockchain. To give you some perspective, MPesa, a peer-to-peer mobile money platform, owned by Kenyas Safaricom and heavily funded by Silicon Valley giants has forever changed the way people do money transactions in East Africa. They provide merchants in Kenya to accept payments through mobile phones. This has lead three-quarters of Kenyas adult population to register as MPesa users and nearly one third of the countrys GDP is now transacted through MPesa. Increasing penetration of smartphones in all of Africa is only going to further benefit MPesa and the likes in future. Interestingly, MPesa was founded by three Americans, who came up with the idea on a whiteboard in a Seattle basement, before bringing it to Kenya. African technology companies absol Continue reading >>

Absa Banking On The Appstore

Absa Banking On The Appstore

DebiCheck Debit Orders: approve or decline new debit orders to better manage what gets paid out of your account every month. Get Credit Card Insurance to protect you in the event of retrenchment, permanent disability and more. General speed and reliability improvements. Cheque and savings accounts have a new look and feel that shows your account balance over time and allows you to initiate transactions from there Pay multiple beneficiaries at once from the new Pay multiple beneficiaries option on the pay screen Download statements for your cheque and savings accounts View credit card transaction history up to 180 days Filter credit card transactions by money in, money out and un-cleared View/Edit your credit card and ATM limits View your credit card minimum payment and due date Home Owners Comprehensive Insurance Claim - quickly register your claims for geyser, plumbing, accidental damage, storm damage and intrusion First Notification of Loss - notify Absa insurance of potential loss on your life or short term policies Call Me Back for our Life policy members - when you need Absa to call you back about a possible claim or for general advise We've upgraded your online banking security. From now on you will verify transactions using your Absa banking app. Whenever you perform an online transaction you will get a verification request in your app, asking you to accept or reject the transaction. We've upgraded your online banking security. From now on you will verify transactions using your Absa banking app. Whenever you perform an online transaction you will get a verification request in your app, asking you to accept or reject the transaction. When you tap the History icon on a Prepaid Electricity beneficiary you can now view your token purchase history When you Show all Continue reading >>

Standard Bank In South Africa Is Running An Internal Bitcoin Pilot With Switchless.com, In-bank Wallet - Bitcoin

Standard Bank In South Africa Is Running An Internal Bitcoin Pilot With Switchless.com, In-bank Wallet - Bitcoin

Standard Bank in South Africa is running an internal Bitcoin pilot with switchless.com, in-bank wallet Guys, this is HUUUUUGE. Standard Bank is actually owned by China. Google "ICBC Standard Bank 80%". ICBC is literally the largest bank in the world. I don't think they aim at bank2bank. My guess is they aim at unbanked African people. Further more, Standard Bank has outposts in many African countries (18 or so, right?). Market potential is huge. Big majority of Africans don't have bank accounts, but they do have smartphones. Think about that. sorry, I'm out of the loop here how does a bank become involved with btc? when really it's not needed at all? why wld one use a bank2bank system using btc when btc operates by itself. Btc to me is a simple system, until i hear the word bank? I wonder if banks could save themselves some serious dough by utilizing bitcoin for bank to bank transfers? How in the hell did they buy 1btc for the same price as 0.1btc? Ninja edit: perhaps it's just an example screen shot and I'm an Asshole You're not an asshole. You're just wrong. ok, help me get this - how can a bank benefit from adopting bitcoin? Use Bitcoin as the medium for wire transfers between other banks. Extremely cheap, fast, and reliable. :D yeah because i'm sure banks don't already have a cheap fast reliable way to transfer money between each other. It might shock you but they really don't. It's functioning is hidden under layers away from public scrutiny, can take weeks to clear, and regularly get rejected for unspecified reasons, has hidden and unexpected fees (it is impossible to be assured wiring 100 USD will get you 100 USD the other end), and the fees are substantial. Just from the wiki "US wire transfers are costly, for example, as of November 2011 the Bank Of America ch Continue reading >>

How Do I Deposit Money?

How Do I Deposit Money?

Before making a deposit, you must verify your identity . Important announcement: BitX rebranded to Luno in January 2017. We have not yet changed all our bank account names to Luno so dont be alarmed if youre still depositing to a BitX bank account. Simply follow the steps as indicated on your device and your deposit will reach us as normal. 1. Log into Luno and, in the menu, click WALLETS 2. For your local currency wallet, click on DEPOSIT Different payment methods are available in each country. Follow the steps displayed and Luno will show you the bank details which will result in the fastest allocation of your money. Please read and follow the instructions carefully. This will help prevent unnecessary delays. Make an online bank transfer from your bank account to the Luno bank account. Once we've received your money, you will get an email notification saying you can buy Bitcoin. IMPORTANT: To ensure your deposit is allocated quickly, please make sure to use the correct REFERENCE NUMBER or, in some countries, the UNIQUE DEPOSIT AMOUNT. In some countries, we may ask you to use a UNIQUE REFERENCE to help us track your deposit. Enter this reference at your bank when making the deposit to ensure it reflects on our bank statement. In some countries, we may ask you to send a UNIQUE DEPOSIT AMOUNT to help us identify your deposit. This amount will be slightly more than the deposit amount you entered. Continue reading >>

Buy Bitcoin In South Africa With Zar - Trade On Trusted Bitcoin Exchanges

Buy Bitcoin In South Africa With Zar - Trade On Trusted Bitcoin Exchanges

You can Buy Bitcoin in South Africa using a variety of methods and payment options. The easiest way is to use a Bitcoin Exchange, which can be used to trade Bitcoins fast and securely with South African Rands (ZAR). Purchase Bitcoin at current market rates instantly with any of the following major South African banks- Standard Bank, ABSA, FNB, Capitec, Nedbank and many more payment methods available. You can pay with Cash Deposit, EFT, or Cash using Rands. Here is our select list of Bitcoin exchanges to buy/sell BTC in South Africa using Rands. South Africa currently has two established Bitcoin Exchanges that you can use to purchase Bitcoin easily using your local bank account. Buy & Sell Bitcoin instantly at current market rates. Sign up and start trading today. 0.8% Trading fees/ 0.5% Deposit & Withdrawal Fees FIAT funding with FNB / ABSA and Standard Bank Trade multiple cryptocurrencies: BTC, LTC, BCH, BTG, NMC, XRP, ETH, DASH, ZEC Where to buy Bitcoins from Individuals using Cash/EFT or Cash Deposit in South Africa? Localbitcoins is a peer to peer style bitcoin exchange platform, it provides and an easy and secure way for people to buy and sell Bitcoin using escrow. Unless you know the person from whom you are buying, you should always use a trusted third party or escrow service to ensure that the transaction goes smoothly. To buy Bitcoins easily and with near instant EFT transfers to your South African bank account. We would recommend LocalBitcoins. It has a large selection of Bitcoin traders nearby you that are selling Bitcoin and they use an escrow system to ensure that you receive your Bitcoin. It is quite safe to use LocalBitcoins to purchase or sell BTC/ZAR if you follow the best practices. Gift Cards / Online Payments / Cash / Debit/Credit Cards Buy & sell i Continue reading >>

Investing In Bitcoin: What You Need To Know

Investing In Bitcoin: What You Need To Know

WARREN THOMPSON: Now we are going to turn our attention to a very interesting subject for those of you who have been tracking developments in the cryptocurrency space. We are going to be talking about all you need to know about investing in bitcoin with my in-studio guest tonight, Farzam Ehsani. He is the leader of Blockchain Initiative at Rand Merchant Bank. Good evening, Farzam. FARZAM EHSANI: Good evening, Warren. Good to be here. WARREN THOMPSON: Great to have you here. I think its piqued so much interest. Weve seen how our articles about bitcoin have flown off the shelves on the Moneyweb website. People are wanting to understand more about these cryptocurrencies what are these things, how do they work, what are the wider applications? And so I think while weve got the time now we are going to have a bit of a chat around how they work. Well get your impression and understanding of what these things are, and then obviously what the applications and the uses can be. So, just to kick things off, bitcoin is one of I think hundreds WARREN THOMPSON: Thousands? Thousands of cryptocurrencies. But lets start with bitcoin, because its the most well known. The underlying architecture around the idea of this cryptocurrency is something called blockchain. Lead us out there with your definition of blockchain. FARZAM EHSANI: Sure. I think its important to take a step back and try to understand what this is all about before we start talking about prices and why its gone up so much over the past few weeks, months and years. One thing thats important to note is that its digital. We are talking about digital assets. And one thing to ask your listeners and yourself, Warren because we all have computers and on our computers we have folders for our music, our videos and our documents wh Continue reading >>

Converting Bitcoins Into Hard Cash

Converting Bitcoins Into Hard Cash

I just discovered Bitcoin about a week ago and have been mining since There is one big problem for me though (and many other people too). How do I get my Bitcoins converted into my native currency? A lot of the ways of doing this seem to be tied to the US. I'm in South Africa, and there appears to be no easy way to do this. So far, one of the most promising approaches appears to be converting Bitcoins into a Payoneer Debit card refill. However, thus far I have found no way to get a Payoneer card that isn't tied to a specific vendor's product. The only other way seems to be: MtGox -> Liberty Reserve (some say this is dodgy?) -> Paypal (even more problems I read) -> SA Bank account. I'm sure it can, but from what I understand, there are considerable fees involved? I'm not doing big transactions since I've just started mining. I'd like to get some cash in my hand before I invest more into Bitcoin mining, so I'm wanting to withdraw $150 odd. It seems to me you've found a money making opportunity. If there's no good way to convert bitcoin to rand, perhaps you should be the guy to do it. Instead of mining, you could be collecting up all the bitcoins throughout SA in exchange for depreciating currency and a nominal transaction fee. With a little marketing you could be rich before Friday. If you didn't want to hold the coins, you could at least send them to Mt Gox and convert them into the currency of your choice. Can't you set up a US dollar (or Euro) account in South Africa for receiving dollar transfers and do the currency conversion at the bank? I would say you should spend those bitcoins on actual things people are trying to sell (for bitcoins) instead of exchanging in and out between other currencies. That is what bitcoin was designed for. Otherwise you will be paying al Continue reading >>

Absa Comes Onboard As Co-host Of Blockchain And Bitcoin Africa Conference

Absa Comes Onboard As Co-host Of Blockchain And Bitcoin Africa Conference

Absa comes onboard as co-host of Blockchain and Bitcoin Africa conference By Staff Reporter on 19 February, 2016 Memeburn The Blockchain and Bitcoin Africa conference on Friday announced that it had secured headline sponsorship from South African banking giant Absa, a member of Barclays. The conference, which takes place on 3 and 4 March 2016 in Johannesburg and will focus on the opportunities and challenges that digital currencies such as bitcoin as well as blockchain technology pose to regulators, institutions, companies and individuals. It will also look at the opportunities that this technology offers in terms of innovation of financial and non-financial organisations. We see huge potential for financial institutions in Africa to embrace disruptive technologies like blockchain, and use them to empower individuals and improve the lives of their customers, says Ashley Veasey, CIO for the Barclays Africa Group Limited. Read more: Blockchain and Bitcoin Africa Conference 2016 reveals speaker list We are already working to build capacity, expertise and solutions in this field, for example, through our Rise innovation programme, which sponsored the blockchain Supply Chain Challenge in Africa last year. Barclays Africa is also the first bank in Africa to become a member of the R3 blockchain technology company consortium. We believe that this consortium, along with events such as the Blockchain & Bitcoin Africa Conference 2016, will be valuable platforms for sharing some of the insights and projects we are driving in this space. Among the speakers at the conference are technology entrepreneur, VC, and Dragons Den investor Vinny Lingham; Federal Prosecutor at the United States Attorneys Office William Frentzen; co-founder and CEO of BitX Marcus Swanepoel; and Verengai Mabik Continue reading >>

Get A Bitcoin Debit Card In South Africa - Bitcoin South Africa

Get A Bitcoin Debit Card In South Africa - Bitcoin South Africa

A bitcoin debit card allows users to spend their bitcoins anywhere that VISA or Mastercard are accepted as a method of payment. You can use the debit card to shop online, swipe at a store, and even to withdraw cash at ATMs worldwide. A bitcoin debit card can be used in any country, as long as there is a VISA/Mastercard accepted sign displayed, and has no hidden fees. Get a 25% discount by using our link to register: Regular price is $17 and with 25% discount, the new price is $12.75! The bitcoin debit card is simply a standard debit card in USD, EUR or GBP, that you can top up really quickly, using bitcoin. So if you have a lot of bitcoins, and would like to spend them easily, this is one way to do that. Bitcoin debit cards are a dream come true for users who have access to bitcoins and would like to have the convenience of money on a debit card, but do not have a bank account. Bitcoin debit cards are also becoming more and more popular with people who do not want the hassle of trading their bitcoin for cash, or moving money into their bank account before being able to spend that money. By using a bitcoin debit card, you spend your bitcoins directly, without having to exchange them first. How else can you use a bitcoin debit card? Some users are reported to be giving a bitcoin debit card to family members far away or even out of the country, so that they can use the card to make purchases for daily living expenses. Instead of using MoneyGram, Western Union or similar services which can take days, require going into a local branch during office hours, and are also expensive. A user can simply send some bitcoin to the bitcoin wallet associated with the bitcoin debit card, and within approximately 30 minutes, the funds can be used.the cost to load the card is almost free, Continue reading >>

South African Banks Trial Blockchain Solutions

South African Banks Trial Blockchain Solutions

South African Banks Trial Blockchain Solutions Blockchain technology proponents are staking claimsin Africa , paying special attention to banks. Six African bankinginstitutions are making sure financial tech doesnt disrupt their businesses by working together to connect their systems with distributed ledgers. Radical Political Decentralization Could End Nation States Absa & Barclays Africa Testing Multiple Platforms Across the South African Region One of the leading banks promoting blockchain technology is Absa , a partner with Barclays Africa . Absa has also joined up with the R3 CEV consortium and is one of the first African banks to do so. Absa and the other banks collaborating in the South African region are trying to develop a blockchain-based banking solution to create a more efficient and less costly financial system. Andrew Baker, CIO for Corporate and Investment Banking at Barclays Africa, said of the announcement: We see huge potential for financial institutions in Africa to embrace disruptive technologies like blockchain, and use them to empower individuals and improve the lives of their customers. However, its true value will only be realized if we work together to co-develop and share solutions to common problems, Absa has also been focused on a private version of the Ethereum blockchain and is experimenting with smart contract technology. The working group created by these institutions are addressing financial services, intellectual property, and platforms that empower banking customers. Baker says Barclays Africa has been experimenting with distributed ledger technology for a while now and has launched its Rise open innovation platform with its R&D experimentation. Baker also notes that the firm has co-hosted the Blockchain and Bitcoin Africa Conference Continue reading >>

Absa Intros Masterpass Digital Wallet

Absa Intros Masterpass Digital Wallet

South African bank Absa has launched Absa Masterpass app, a MasterCard digital wallet that allows users to make contactless payments via smartphone wherever Masterpass is accepted. The service currently is available for online purchases; in-store capability will follow, according to a press release from the bank. Consumers can use the Absa Masterpass wallet to securely store MasterCard or other branded credit, debit or check card information, as well as shipping and billing address details eliminating the hassle of entering this information with every purchase, the release said. "We are seeing a huge change in the way our customers shop and pay for things and the Absa Masterpass app is another step on our mobile banking journey as we respond to the changing needs of our customers," Willie van Zyl, head of card issuing, retail and business banking at Absa, said in the release. "It also gives them access to a smooth shopping experience from start to finish and in real time." To pay, consumers simply open the Absa Masterpass app on their smartphone and use the device to scan a QR code displayed on the merchant's website (or, eventually, in-store POS). They then select a payment card and enter their bank PIN on the mobile device to complete the transaction. The Absa Masterpass app is available from the Google and Apple App stores. Anyone can use the app even non-Absa cardholders, the release said. Continue reading >>

Absa Launches Mobile Payments App

Absa Launches Mobile Payments App

Twitter Facebook Google+ LinkedIn WhatsApp Reddit Banking group Absa has launched MasterCards MasterPass smartphone application in South Africa, allowing customers to use their mobile phones to make payments at the point of sale and on the Internet. Branded Absa MasterPass, the digital wallet transforms the physical payment card into a digital payment tool, the bank said in a statement. Absa clients can use the app wherever MasterPass is accepted without needing to carry their bank cards with them. The Absa MasterPass App gives people the power to make online purchases using the digital wallet on their smartphones, without needing to carry their bank cards with them. Absa customers will also soon be able to do in-store shopping using Absa MasterPass, with a variety of merchants presently being signed up, it said. Consumers can store all their MasterCard or other branded credit, debit or cheque card information, along with shipping and billing address details, securely in the MasterPass digital wallet, the bank said. This gives them the ability to make secure payments wherever they see the MasterPass logo, without the hassle of entering these details each time they purchase an item using their MasterPass digital wallet. MasterCard launched the digital payment service in South Africa in July 2014. Today, MasterPass is accepted at more than 270000 merchants worldwide, including a wide range of South African merchants such as Vodacom, Forever Resorts, Lancet Labs, Lottostar, South African Airways and Takealot. The app can be downloaded from the Play Store and the App Store. Anyone can use the Absa MasterPass App even non-Absa cardholders, the banks said. MasterPass also accepts selected Pin-based debit cards such as Maestro, enabling millions of South Africans to make secu Continue reading >>

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