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Zimbabwe Has One ATM With Cash, And You’ll Need Bitcoin To Get It

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Zimbabwe bitcoin atm

Golix, Zimbabwe’s first and largest cryptocurrencies exchange, has broken new ground once again by acquiring the country’s first ever Bitcoin ATM, which comes loaded with hard US dollars.

The machine – which was activated earlier this week – allows anyone to buy and sell bitcoin at favourable rates using the greenback. It is the only ATM in Zimbabwe dispensing US dollars to customers selling bitcoin. Through an easy-to-use interface, it provides tech and cryptocurrency newbies a simple way to buy bitcoin. It has been placed in Golix’s Customer Support offices which are located along First Street Harare – one of the busiest streets in the capital city’s business centre.

Thanks to Golix’s ATM, Zimbabwe joins an elite score of fewer than 70 countries around the world that have introduced the machines which provide convenience to customers, especially first time users of cryptocurrencies and the unbanked without access to digital funds. The development is not only significant for Golix but also for Zimbabwe.

Just a decade ago the Southern African country recorded the highest rates of hyperinflation in modern history, turning virtually every citizen into a trillionaire and rendering normal banking services like ATM withdrawals pointless. The adoption of a foreign currency system in 2009 halted the effects of inflation, but in the past two years, the country has suffered from a new problem altogether. A cash crisis has gripped the formal financial system, resulting in unending bank queues and leaving the country’s 472 ATMs network useless.

As such the Bitcoin ATM serves to be a financial game changer in a country that has no fiat currency of its own. In the same way that customers insert a card into a traditional ATM, the Bitcoin ATM allows customers to insert US dollars which are converted to the volume of bitcoins that they want to buy. The ATM then sends the bitcoins straight to the customer’s wallet. Customers who purchase bitcoins without a bitcoin wallet have the option to generate a bitcoin address.

Golix product manager, Yeukai Kusangaya, said that the bitcoin ATM was one of the many products lined up to ensure that the public has easy access to bitcoins. “After realising that the public is still struggling to understand or in some cases access bitcoin, we felt that the bitcoin ATM would be a huge and necessary step towards engaging people on how they can use cryptocurrencies for their daily business.

“For anyone who has used a traditional ATM, they won’t struggle to find their steps when they are using the Bitcoin ATM,” said Kusangaya. Also weighing in, Golix CEO, Tawanda Kembo said that this is the only ATM in the country with cash.

“Gone are the days when the only means of making an international payment was first buying cash on the parallel market and then driving all the way to Zambia to pay a supplier. This bitcoin ATM moves us one step closer to achieving our mission of giving every person in Africa financial autonomy,” said Kembo.

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PixelPlex Introduces DocFlow – Intuitive Blockchain-Powered Document Management System

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Pixelplex

PixelPlex, a custom software development company with a focus on blockchain technology, has recently launched its blockchain-based document management software that is called DocFlow.

DocFlow, the solution that was built on Hyperledger, is able to digitise the entire paperwork process. It’s based on advanced smart contract mechanisms that guarantee data security and authenticity. Thanks to this ingenious project, users will be able to skip time-consuming document processing routines, exclude all intermediaries, save valued resources via zero transaction fees, and protect data at all levels through multi-tier role-based and coded access.

PixelplexThe developers at PixelPlex point out that DocFlow’s infrastructure is not that complex. It consists of Web UI for administrators, database on the back-end and a blockchain network, secure API gateway for data access as well as user interface for document storage and access. This business document management system is universal and comes in really handy when dealing with the issues around electronic file turnaround. 

DocFlow can be seamlessly integrated, safely used, and accessed from anywhere on any device. Apart from this, it complies with GDPR at all times, has a transparent doc history through time-stamped blocks, rules out fraud via built-in proof of origin techniques, safeguards and decentralises your data storage with distributed ledger tech, automates document processing, issuance, and retrieval.

PixelPlex blockchain-based document management software will correspond to the requirements of almost all enterprises. Among them, there are such industries as Supply Chain, Healthcare, Real Estate, Telecommunications, eCommerce, Energy and Utilities, Engineering and Construction, Accounting, Finance, Legal, and Insurance. 

When integrating DocFlow, the PixelPlex team offers their specially designed 5-step implementation model:

  • Initiate DocFlow from the blockchain network’s side
  • Initiate the solution from your company’s side
  • Register admins and users
  • Integrate third-party services if needed
  • Start working with documents, nice and easy

About PixelPlex 

A blockchain provider with 7+ years of experience and 50+ successfully completed blockchain projects. They power their DLT products with AI, IoT, and cybersecurity advances. Learn more at www.pixelplex.io.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this press release. 

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Paxful Presents Bitcoin Entrepreneurship Webinar, Launches Exclusive Mentorship Program

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Bitcoin Entrepreneurship

Learn the ropes of Bitcoin entrepreneurship with a chance to participate in a $1,000 giveaway

November 17th, 2020 Paxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, will host a Bitcoin 101 Pan African Webinar, alongside renowned industry leaders, to teach the ropes of crypto entrepreneurship. The Webinar is part of Paxful’s ongoing educational efforts in Africa, aiming to share knowledge about safe and effective Bitcoin trading while inspiring locals to become their own boss through crypto.

Paxful“Africa is Paxful’s leading market which has endless potential for crypto adoption. The ambition of African youth and their ability to embrace new technologies is what drives the nation forward. Africa will soon be in the pilot seat of the crypto renaissance not just on the continent, but worldwide” says Ray Youssef, CEO and co-founder of Paxful.

The webinar is split into two parts; the first hour is all about the fundamentals of Bitcoin first-hand from the founders and CEOs of five leading crypto companies. The second hour of the webinar discovers how to build a successful trading business on Paxful. The highlight of the event is the chance to participate in the 1-on-1 mentorship program by Modibe Matsepane, Paxful’s Africa Community Coordinator, and Crypto enthusiast. Sign up during the webinar as one lucky attendee will be randomly selected to receive private mentorship, while others will be added to an exclusive channel for insider trading tips.

“Paxful is thrilled to collaborate with the industry leaders in the country – it’s crucial we work together to build a long-lasting crypto ecosystem in Africa. We’re happy our partners share a common goal of financial inclusivity and hope to help more Africans take control of their money” says Tugba Abadan, Head of Africa & Middle East for Paxful.

To celebrate the event, Paxful will be giving away a total of $1,000 worth of Bitcoin throughout the webinar. Prizes can be won even before the webinar commences, so make sure to visit Paxful Blog for more information. 

Webinar details:

Session 1: Bitcoin 101 with the Trailblazers of Crypto, Insider knowledge from industry leaders

Session 2: Build a Lucrative Business by Trading on Paxful 

  • Victoria (South Africa), Student, Paxful Peer
  • Rhoda (Kenya), Student, Paxful Power Trader, and Paxful Associate
  • Mubarak (Nigeria), Entrepreneur, Paxful Peer
  • Shakur (Ghana), IT Administrator, Paxful Peer

Date: 18 November 2020

Time: 4pm GMT | 5pm WAT | 6pm CAT | 7pm EAT

Link: https://paxful.zoom.us/webinar/register/WN_xgX9PWTMRD-Wtz49k_344g

About Paxful

Paxful is a people-powered marketplace for money transfers with anyone, anywhere, at any time. Their mission is to empower the forgotten four billion unbanked and underbanked around the world to have control of their money using peer-to-peer transactions. The company has over 4.5 million users globally who you can instantly buy and sell Bitcoin (BTC) and Tether (USDT) with over 300 different payment methods.

As part of their mission, Paxful launched #BuiltWithBitcoin, a social good initiative to build 100 schools funded entirely by bitcoin all across emerging markets. Paxful was co-founded in 2015 by Ray Youssef, Chief Executive Officer, and Artur Schaback, Chief Product Officer.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this press release. 

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YFIII: the Favourable Investment Opportunity for the Last Quarter of 2020

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YFIII DeFi

In the wake of the global economy, investors all over the world are seeking for their interest in making a profit in a safe and effective way. In the crypto world, that hope is likely viable with good profit and trustworthy projects created upon hi-tech platforms. YFIII is one of those projects, which is getting more and more attention from investors. 

What is YFIII?

YFIII is a decentralized finance platform that allows users to perform a host of functions such as trading and aggregated liquidity. Moreover, it also is the first platform to integrate Uniswap SDK and staking on-chain.

Since release time on Sep 13, 2020, the YFIII project has gained large support from the global community. The number of group members has increased massively by 2000 members a month. 

Noticeable Attributes

YFIII offers users three fundamental attributes such as Token Swap, Token Staking, and Yield Farming. 

  • With token swap: It allows users to easily swap from ETH, DAI, USDC, or USDT to YFIII and vice versa. 
  • With Token staking: Interest rate decreases gradually every 2 weeks. Tokens will be locked within 2 weeks once you finish staking. After 2 weeks, these tokens will be unlocked and users will receive tokens staked as well as the interest respectively. Users can completely cancel staking and take the tokens back any time.
  • Yield farming will be released at the beginning of 2021. 

YFIII

How to trade YFIII? 

Currently, investors can simply buy or sell YFIII tokens on Uniswap, Indoex, and will be soon on some other exchanges namely: Probit, OKEx, Huobi,… The project is also preparing the last progress for Coingecko and CMC listing. 

YFIII 2

YFIII’s price has raised up to 380% per day after being officially listed on Uniswap on September 13th, 2020 – a very impressive figure. Having said that, by the well-thought plan and a clear orientation of the YFIII team, this project completely is an opportunity that should not be missed. 

YFIII: Big chance – Big profit

Join with us at https://t.me/yfiii_money

Our website: https://yfiii.money/

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this press release. 

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