Page 3 - Farzam Ehsani News Today

The exchange joins forces with CryptoConvert to facilitate digital currency payments at the retailer’s till points across SA.

South Africans with a Luno wallet or VALR Pay will soon be able to use bitcoin to buy their groceries.

VALR, the largest South African crypto exchange by trading volume, has partnered with CryptoConvert to make VALR payments available at all Pick n Pay tills

The South African crypto-currency industry expects the costs of compliance to increase, and to potentially push some of the smaller players out of the market.

The CEO of VALR, Farzam Ehsani, said the company, which is one of South Africa's largest crypto exchanges, will be unaffected by the bankruptcy filing of the US-based Bittrex exchange.

While some local exchanges are seeing an uptick in Ethereum trading on their platforms since the upgrade, several say it’s still too early to tell.

With highly educated young people in the region and limited job opportunities, the crypto industry is proving to be a lucrative career choice.

VALR has announced the launch of its operations in Zambia this week. The exchange will allow Zambians to buy and sell Bitcoin (BTC) and USD Coin (USDC), as well as 60+ other cryptocurrencies.

South Africans should seek to improve their financial standing by using affordable digital banking services rather than speculating in cryptocurrency.

FTX has lost its financial services trading licence in South Africa. South African cryptocurrency market maker Ovex cancelled has cut off the international exchange’s access to its local Financial Service Provider (FSP) licence. More in #TCDaily.