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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 >>

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 >>

Buy Bitcoin With National Bank Transfer (fnb South Africa) By Yewnos

Buy Bitcoin With National Bank Transfer (fnb South Africa) By Yewnos

Do you accept offer terms? Click to buy bitcoins now! The buyer of bitcoin has a time limit of 1 hour to pay for the bitcoin before the trade is cancelled by the system. Trade won't auto-cancel when buyer has marked trade as paid. After that buyer has to wait for seller to release bitcoins. Our escrow system protects you by holding the sellers bitcoins in escrow. When payment is completed the bitcoins are released to your wallet. Once you have bitcoins using them is instant. You can send them or spend them with no delays. When you start a trade you will be speaking with a vendor via live chat. Read their instructions and ask them questions. Many will be happy to walk you through. * Paxful Inc., Paxful and the services provided by Paxful on paxful.com (and elsewhere) are not affiliated or associated with, nor endorsed or sponsored by, National Bank Transfer Paxful Bitcoin Buy Bitcoin National Bank Transfer Buy bitcoins with National Bank Transfer for ZAR Product #: :is_hashed 5 positive feedback, based on 1 reviews 5 positive feedback, based on :feedback_total reviews Continue reading >>

Buy/sell Bitcoin Bitcaw Trading

Buy/sell Bitcoin Bitcaw Trading

Email proof of payment to [email protected] along with your wallet address. You can get your wallet address from the receive page on most wallets (Don't send your Blockchain.info Wallet ID!) BitCaw Trading will buy your bitcoin at the best rate we can get & then transfer them to you less our 5% commission. You will then receive a report with the transaction details via email. Minimum amount we work with is R1000, for orders under R15,000 we hold the BTC until our next bi-weekly payout. Your bitcoin belongs to you immediately but will show up in your wallet 1-14 days after purchase. Should you need less than R15,000 worth of bitcoin immediately we can send it immediately less the transaction fee of +- R50.00. Selling your Bitcoins with BitCaw Trading: Email [email protected] to request a deposit address from us. We will send you a Bitcoin address (this is a unique address allocated just for you) Transfer any Bitcoin amount to your unique address & email us the amount sent along with your bank details. Once we process the sale we will transfer the Rands to your account. (We aim to process orders as quickly as possible but always send the funds within 48 hours of the bitcoin confirming on our wallet) You will get a report with the exact details of the trade rates via email. Please note we pay from FNB so if you are with another bank it may take 1-2 extra days to clear on your account. * Our brokerage services are currently only available to people paying or being paid in South African Rands. Continue reading >>

Bitcoin For Kipi | Buy Bitcoin For Kipi South Africa

Bitcoin For Kipi | Buy Bitcoin For Kipi South Africa

What is Cardless Banking in South Africa? You can send Rand to any cellphone number by using cardless banking. This means that you can request a pin to your own cellphone number which you enter at an ATM to withdraw money yourself, or you can also enter a cellphone number for someone else that you want to send money to and they will receive an sms with a PIN which they can use to withdraw the money at an ATM. So How do you pay your membership using cardless banking? It is very simple and easy! All you need to do is place your order here and my automated system will do the rest. Which banks offer cardless banking in South Africa? FNB have a service they call eWALLET and ABSA have a service they call CashSend . These services are available from your online account, your mobile banking application and also by physically visitig an ATM or Branch. There is no exact price you must pay for bitcoin at anytime, beacuse there is so many factors you must consider. Actually you must start by first making the decision why you are buying Bitcoin. Because you see when you want to pay for your kipi subscription you are only paying R200. Kipi can only accept Bitcoin because it is a secure and automtic way of sending cash. To buy bitoin, you have a lot of options, but you can read my step-by-step guide. What is important when you want to buy Bitcoin is to know how much the price is you pay per Bitcoin. Because the price changes so much there is no real answer. You can use this chart to help you and I will update it when the price changes a lot. That is like asking how much is R200 in Gold or Coal or something like that. My advice is to have a look around and see what poeple are offering Bitcoin for. If you can get it cheaper than the exchange you can always sell on the exchange or faceb Continue reading >>

Fnb Banking App On The Appstore

Fnb Banking App On The Appstore

Simply click Legal menu option to view the latest Legal Agreement. The FNB App has a new look and so many great enhancements to improve your experience. Weve improved our Product Shop now opening accounts on the app is even easier with relevant information to help you make informed decisions. Just select Apply Here to try it out. The FNB App has a new look and so many great enhancements to improve your experience. Weve improved our Product Shop now opening accounts on the app is even easier with relevant information to help you make informed decisions. Just select Apply Here to try it out. Weve improved our Product Shop now opening accounts on the app is even easier with relevant information to help you make informed decisions. Just select Apply Here to try it out. Weve also made other small enhancements to improve your app experience. - FNB TV: Watch FNB TV to catch up on the latest products and learn more about the FNB App. - nav Car: Manage your cars in one useful place, receive fine notifications and licence disc reminders. - eBucks Partner Locator: Find an eBucks partner using augmented reality on the FNB App. - Life Insurance: Apply for life cover; critical illness cover and disability cover. - Messages (One Unified Look): Experience our new unified look on the Messages tab. - Change your pin, temporarily block your card and request statements for Credit and Cheque accounts. - Cardless cash Withdrawal functionality to registered Banking App clients in FNB Namibia, Botswana and Zambia. - Prepaid Electricity updates: Receive your token on SMS and push message - DSTV Prepaid in South Africa, Namibia, Swaziland, Zambia and Tanzania - 3D Touch options from the FNB App icon for iPhone 6S+ devices - Authenticate card activations via Smart inContact via FNB Call Centres Continue reading >>

First-ever Sa Developed Bitcoin Wallet Launched

First-ever Sa Developed Bitcoin Wallet Launched

First-ever SA developed Bitcoin wallet launched BitX has launched South Africa's first locally made Bitcoin wallet (BitX). Johannesburg - Bitcoin users in South Africa finally have their own locally made digital wallet for the virtual currency. Singapore headquartered company BitX , which has a development team in Cape Town and also operates one of only two South African Bitcoin exchanges, has launched a digital Bitcoin wallet app for Android and Apple iOS devices. The BitX app targets countries such as South Africa, Kenya, Namibia and Malaysia, and aims making buying and selling of the crypto-currency easier through the press of a touchscreen. Dozens of Bitcoin wallets are available on mobile app store markets such as Googles Play Store. But developers of BitX say their app stands out owing to its easy-to-use interface, a secure offline vault that stores Bitcoins in case a phone is lost, and a feature dubbed KYC (Know Your Customer) that allows for mobile number verification and uploading of identification documents where applicable. We just make it really easy for people to access this tech for the first time, Co-founder and CEO of BitX Marcus Swanepoel told Fin24. Swanepoel said the app is also FICA (Financial Intelligence Centre Act) ready, even though Bitcoin is independent of banks. We choose to self-regulate because we feel it's prudent to do that, explained Swanepoel, who added his company is preparing for any potential future requirements of Bitcoin in South Africa. Regulators in New York State, for example, are finalising BitLicenses to regulate the currency, a move that Swanepoel explained could spread to other parts of the world. Other flexibilities have been built into the BitX application as well, including the potential ability to use any crypto-currency Continue reading >>

How One Man's Life Was Ruined After Asking Uncomfortable Questions Of Fnb (south African Bank) : Bitcoin

How One Man's Life Was Ruined After Asking Uncomfortable Questions Of Fnb (south African Bank) : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. 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 >>

How Can I Fund My Account With Bitcoin?

How Can I Fund My Account With Bitcoin?

Bitcoin can be a great way of adding, sending, or withdrawing value from your Uphold account, and because the Bitcoin Network is global, it can be used by almost anyone around the world. There are many exchanges available, such as Bitstamp , Bittrex and Poloniex . These services help you buy, sell and trade cryptocurrencies. Some regions even services where you can purchase bitcoins using Bitcoin ATMs . To add value to your Uphold Wallet with bitcoin: 1 - Click on the Uphold money card you want to add money to, navigate to the "Add Funds" tab and choose the "With Cryptocurrency" option. Its the icon in yellow: 2 - For bitcoin, click on the Bitcoin Network. 3 - Your bitcoin address will appear, as well as the market rate, exchange fees and a QR code. This address or QR code is what is needed to complete the transfer of funds. 4 - Login to your bitcoin exchange account and follow the prompt they provide to send bitcoin to an external digital wallet. 5 - Once the funds have been transferred, your Uphold money card will reflect the new balance, as provided by the days prevailing market rate and, if it you sent the bitcoin to any card other than a BTC card, the currency conversion fee will apply. 6 - Now you're ready to use your funds! You can send money to another Uphold member or anyone in world with an email address, or you can make purchases online using our Virtual Mastercard. Learn how to issue an instant prepaid card and start shopping ! 1 - To withdraw funds, head to the card with the money you wish to withdraw as Bitcoin. 2 - Click the "Use Funds" tab and select "Send to Cryptocurrency Address." It will be the icon on the right side of your dashboard. 3 - Now enter the address of the external bitcoin address you are sending funds to, as well as the amount and curre Continue reading >>

How To Buy Ethereum In South Africa

How To Buy Ethereum In South Africa

Looking to buy Ethereum in South Africa? Heres a quick walk through to get on board with one of the fastest-growing cryptocurrencies! Ethereum recently overtook Bitcoin in terms of popularity in Google Search , and even the United Nations has leveraged the cryptocurrency to empower aid efforts in Syria . For local entrepreneurs and investors alike, Ethereum remains an enticing option though many arent able to find an easy way to buy Ethereum in South Africa. Ethereum, as a platform, enables people to buy, trade, sell, and store Ether in a similar process to how an investor might purchase Bitcoin on a Bitcoin platform. Read: Is there an industry for the expensive process of Bitcoin mining? Ethereum has seen stunning growth this year, which has seen the cryptocurrency grow over 4650% since January of 2017 prior to a flash crash that brought ETH prices down to the $250 USD range. Ethereum remains a solid, well-performing contender, however, and the cryptocurrencys resilience has lead many to seriously consider investing. 1) How to buy Ethereum in South Africa through Coindirect: To buy Bitcoin and digital currencies online in South Africa, investors can make use of Coindirect A South African exchange that offers easy access to Bitcoin, Ethereum, Dash, Litecoin, and many other popular cryptocurrencies. Users can create their own Coindirect account by signing up with their email address and can then create a password traders looking to transact in amounts in excess of R15,000 ZAR will need to unlock a trading limit, wherein users will need to fill in their personal details and can verify themselves by uploading a copy of their ID or Passport, a selfie holding both items, or a Proof of Address. Users can then make use of secure instant EFT to purchase their coins within a 90 Continue reading >>

First National Bank Of South Africa Offering Mobile Pos, Wallet

First National Bank Of South Africa Offering Mobile Pos, Wallet

First National Bank of South Africa offering mobile POS, wallet South Africa's First National Bank is rolling out some new mobile financial tools for both merchants and consumers. FNB's merchants will be offered a mobile POS product, and consumers will be able to use a new e-wallet to buy digital goods. The new FNB mobile point-of-sale tool is the result of a new partnership with mPowa, a U.K.-based mobile POS provider. MPowa is providing FNB a white-label solution that lets merchants process electronic transactions on an iOS, Android or Blackberry device using a free app and a card-reading attachment. The app and reader will be provided by mPowa, but FNB will handle the processing and will brand the solution with its own look and identity. "We have recognized the need to support our merchants' desire for mobility and convenience," said Jacques Celliers, CEO of FNB business banking, in the announcement. "We will be looking to mPowa to provide us with a robust and secure mobile environment that will appeal to our demanding and techno-savvy customers." Additionally, FNB is joining with Mxit, Africa's largest social media network, to integrate the bank's electronic wallet into the Mixit Money mobile commerce platform. The result is FNB Moola+. Using FNB Moola+, Mxit users can buy online currency, or "Moola," at a reduced rate, saving 35 percent of the cost to buy the same currency via SMS. Moola can then be used to buy content, applications and games on the social network. "With the integration into Mxit we are taking advantage of the micro-payment potential of Mxit Moola," said Yolande van Wyk, CEO of FNB eWallet Solutions. Alan Knott-Craig, CEO of Mxit, said one of the greatest challenges to mobile commerce is to get money into the system in a cost-effective way. Workin Continue reading >>

How Do I Buy Bitcoins With South African Rands?

How Do I Buy Bitcoins With South African Rands?

Have you tried exchanging ZAR for dollars, euros, or pounds? Nick ODell Apr 11 '13 at 16:22 Whats the easiest way to convert Rands to USD, GBP or EUR? Jake Apr 12 '13 at 7:26 @Jake, I'm South African too, how much profit have you made on your investment thus far? pythonian29033 Jun 30 '16 at 11:20 If you want to buy bitcoins with ZAR try trading face to face with some SA locals who have bitcoins. Check out the facebook.com/bitcoinzar page to find other locals who are into bitcoins. You can also try localbitcoins.com where locals trade coins. You could also sell something for bitcoins to get bitcoins, use bitpay for that. Check out www.bitcoinzar.co.za too for some SA businesses that accept bitcoins, maybe they will trade some with you. This is actually an excellent answer. Bitcoinzar is a South African site. They actually link to localbitcoins.com, on which I easily found three people willing to sell Bitcoin for ZAR just by searching for "South Africa." Dane Jun 14 '13 at 14:16 ICE3X is a new and improved site for South Africans. Buy and Sell: Bitcoin (BTC) / Litecoin (LTC) / Rand (ZAR). Links directly to your South Africa bank account. Fast and Direct EFT transfers to our Bank Account, currency storage and quick trading. I will list some methods I have used to purchase Bitcoins as a South African resident: 1) Peer to peer exchanges- LocalBitcoins, Paxful.com- Purchase Bitcoins directly from peers using these platforms. Use one of the many payment methods offered by local traders, this includes- EFT, Cash Deposit, eWallet, eBucks, Cash in person, Neteller, Paypal, Skrill and many more. Beware of potential scams and trade with traders with reputable score and only with non reversible payment methods. 2) Centralized exchanges- BitX.co & ice3x- The most popular centralize Continue reading >>

How Does Blockchain Money Transfer Work? - Bitcoin Wallet & Payment Cards

How Does Blockchain Money Transfer Work? - Bitcoin Wallet & Payment Cards

You may have heard of the terms blockchain technology and cryptocurrency and wondering how it fits together with bitcoin. Heres a quick and simplified definition: Blockchain is a public database (some describe it as a ledger) containing all transactional information Cryptocurrency is a type of digital currency i.e. digital cash There are currently several ways to send money using your bank, or with a money transfer services. Traditionally, when you transfer funds, money goes from one bank to another, and then to the recipients account. The bank acts as an intermediary for your transfer. Theyll have all your information (and often collect data about your spending habits), whether you like it or not. There are also money transfer services like Western Union and MoneyGram are less instant, you can pay with cash and both parties go to a retail location. You can also fund those transfers from your bank account or credit card however it may take several days, and youll be hit with extra fees. Venmo, PayPal, and Square Cash are some other third party services that act as an intermediary for your transfer. However, whichever the case, someones still holding onto your information. Heres an illustration of how blockchain money transfer works: Imagine that you want to send money to your cousin in Canada, Zach The new transaction is configured into a block and is shown online The new transaction block is sent to everyone in the network Everyone in the network helps validate the transaction to ensure it is accurate Once approved by the majority, the block is added to a chain of recorded transactions in a public ledger, the block is then added to the chain which provides a permanent, non-disputable and transparent record of the transaction To summarise, in this scenario, you and Zac Continue reading >>

Bitcoin In South Africa

Bitcoin In South Africa

So I took the plunge yesterday afternoon and baught R5k worth of Bitcoin. The butterflies have been fluttering in my stomach ever since. I have these visions of early retirement in a few months as I strike it rich on the current gold rush. On a serious note though, I could not deny the fact that over the past 11 months, Bitcoin has increased from R12000 - R165700. Had I rejected the advise of the doomsday profits, my R5k would have been worth R69500 today. NOT BAD! Of course had I put R5k in in 2009 when a Bitcoin cost R7.20 I would have been worth R115 million today. I am sure that at some point there will be a major market correction at which point many people will loose great fortunes. For now, I have invested a comfortable amount that I could loose without having to sell my house. If I make some money, it would be more that I had yesterday which is a bonus. For those who do not know how to get into Bitcoin in South Africa, it was a lot simpler than I thought. There are 2 Bitcoin Exchanges on SA These sites allow you to register an online Wallet. You then load money into your wallet (Good old ZAR rand) with which you then buy either Bitcoin or Ethereum which are the 2 biggest coins around. I chose Luno due to some advise from a friend who had already purchased some BTC. They have a nice simple smartphone app. When loading money into my wallet, the option was EFT via all the major SA banks. In my case I used their FNB account to do the transfer from my own Internet Banking login. On their site it said that funds could take up to 48 hours to reflect, but it was there in no more than 5 minutes. I then clicked on Buy under the Bitcoin tab, entered the ZAR amount and bang, I had a fraction of a bitcoin. Since then, I have been able to watch the fluctuating price and see Continue reading >>

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