Posts Tagged: South Africa

South Africa’s 2nd Largest Grocer Won’t Accept Bitcoin without Regulation

Bitcoin

It was believed that South Africa’s second-largest supermarket chain, Pick n Pay, would start accepting bitcoin in one of its stores. However, a fresh report indicates that that is not the case. On the 18th September, payments software development firm Electrum made the announcement. It said that it had enabled Pick n Pay to accept… Read more »

South Africa’s Central Bank Says It’s ‘Too Risky’ to Issue Digital Currency

Digital Currencies

The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin…. Read more »