Author

Topic: South African Living in Rural Area to assess sustainable energy using Bitcoin (Read 482 times)

legendary
Activity: 2282
Merit: 1023
Sun Exchange, a clean energy company based on blockchain in South Africa, revealed an investment of $3 million from Arch Emerging Markets Partners. Sun Exchange is a peer-to-peer initiative in the field of solar energy. It enables users to use Bitcoin or South African fiat rand in rural areas to buy solar power.
If it is meant to help the poor people in South Africa then they need to give them the basic things to use those power, i am confused whether they are providing free electricity to the poor people to use bitcoin at a minimal rate but do these poor people have the resources to invest in bitcoin and start purchasing solar power, until there is a comparison between their power station charges and how much Sun is going to provide.

The CEO of the Sun Exchange, Abe explained that the reason why Bitcoin is chosen is because they need one universal payment system that enables micro transactions down to a millionth of a U.S. cent
Bitcoin for micro transaction Grin. We need to wait for some major changes for that to happen.
member
Activity: 858
Merit: 13
Christ The King
This is another side of bitcoin adoption, hopefully some of the persons who will be paying with bitcoin sill not only use bitcoin as a means of payment but also an investment tool and a store of value. I see other competitors adopting same.
full member
Activity: 1498
Merit: 129


Sun Exchange, a clean energy company based on blockchain in South Africa, revealed an investment of $3 million from Arch Emerging Markets Partners. Sun Exchange is a peer-to-peer initiative in the field of solar energy. It enables users to use Bitcoin or South African fiat rand in rural areas to buy solar power.

The CEO of the Sun Exchange, Abe explained that the reason why Bitcoin is chosen is because they need one universal payment system that enables micro transactions down to a millionth of a U.S. cent
https://techcrunch.com/2020/06/09/the-sun-exchange-raises-3m-for-crypto-driven-solar-power-in-africa/

What is your opinion ?
Jump to: