Why private monies such as bitcoin threaten not just banks, but the tax base

--:--
Economist Dawie Roodt of The Efficient Group explains what's coming down the pipe for banks - and it isn't necessarily good.
19 Nov 2020 English South Africa Tech News · Investing

Other recent episodes

Will tokenised assets one day rule the world?

Mesh.trade is a new marketplace for 'tokenised' financial assets and recently raised R100 million in the form of a bond for building out schools. Could markets like these, where entrepreneurs big and small can raise capital in as little as three months, come to challenge established stock exchanges? Connie Bloem,…
24 Jul 31 min

Pick n Pay surpasses R1m a month in crypto payments.

That may seem like small change for a group tallying more than R9 billion a month in sales, but what's impressive is the exponential growth in crypto as a means of payment, and what people are spending on. Carel van Wyk, founder of Money Badger, the company which enabled the…
17 Jul 25 min

Bitcoin breaks ranks with traditional assets

Bitcoin has a low correlation to traditional assets such as equities, bonds and cash, and that correlation is weakening with time. Jason Welz, digital lead at alternative investment company Jaltech, explains how this reality is starting to stir traditional asset managers and investors into action.
10 Jul 26 min

Should you keep your crypto with your exchange?

Or move it to a wallet you control? Kreaan Singh, founder of crypto education platform CoinEd and project manager for distributed ledger technology at the CSIR, argues there is a time to keep your coins on the exchange, and a time to move them to self-custody.
3 Jul 25 min

Binance hits the 200m user mark and dwarfs the banks

The world financial system is undergoing radical change, and crypto is driving it. Binance's growth story over just seven years is a case study in that evolution, as its SA country manager Hannes Wessels explains.
26 Jun 22 min