It’s certainly not at the same scale as a Tesla or a MicroStrategy, but some privately held South African firms have started converting a portion of their cash holdings into cryptocurrencies like bitcoin.
Browsing: VALR
It’s been a long time coming, but it looks like the sheriff has finally arrived to the Wild West that is the crypto market in South Africa.
VALR.com has raised R57-million to help fund further expansion, with proceeds from the capital raise to be used to explore new products for the South African market.
JPMorgan has declined to comment on suggestions that it pressured First National Bank, through parent FirstRand, to shut the bank accounts of South African cryptocurrency exchanges.
JPMorgan pressured First National Bank to close the accounts of cryptocurrency exchanges in South Africa, according to two separate sources. FNB has strongly denied that external pressure forced its hand.
First National Bank provided more insight on Wednesday into why it has given notice to cryptocurrency trading platforms in South Africa that it will shut their bank accounts.
VALR.com co-founder and CEO Farzam Ehsani returns to the show for a wide-ranging discussion on bitcoin and cryptocurrencies.
Join TechCentral for a live YouTube discussion with VALR.com co-founder Farzam Ehsani on Tuesday, 4 June, at 11am – and pose any questions you may have for him.
Former Rand Merchant Bank blockchain lead Farzam Ehsani returns to the TechCentral podcast to talk about his latest venture, cryptocurrency exchange VALR.com.
Former blockchain lead at RMB Farzam Ehsani has revealed details about his new venture, VALR, a digital asset trading platform in South Africa, which is being launched in partnership with Bittrex.