The fifth Agri Indaba, hosted by Datacentrix, explored how technologies like blockchain, AI and drones will continue to pave the way for growth in the local agricultural sector.
Local players witness increased activity in Bitcoin deposits and withdrawals after the world’s biggest digital currency reached its new 2023 high of R634 000.
The firms forge a strategic partnership for the issuance of Visa cards and delivery of other digital payment solutions.
Gross losses from digital banking platforms escalated from R440 million in 2021 to R740.8 million in 2022, according to Sabric’s latest banking fraud statistics.
The crypto-currency platform receives initial approval from Dubai’s Virtual Asset Regulatory Authority to operate in the emirate.
Crypto already offers decentralisation, a feature that more than adequately addresses the conundrum of how to achieve economic diplomacy via a single currency, says Thuli Nkomonde, director for Bitcoin in Soweto.
As the bank ponders opportunities presented by blockchain tech, its CEO says it is still not open to crypto use.
Criminals can use apps to send digital currencies across the blockchains and bypass the centralised banking services.
The fact is that blockchains are becoming more energy-efficient and increasingly rely on renewable energy, says Rana Kortam, global director for public policy at Binance.
Digital currency fraud jumped 25% during the last quarter, as sophisticated fraudsters exploited the booming market, says Sumsub.
Since inception, Luno racked up 388 million transactions on the exchange, with trades equivalent to seven million Bitcoin.