CRYPTOCURRENCY
Net1 unit becomes an agent for bitcoin
Net1 said on Thursday its technology would be used to facilitate purchases on the largest bitcoin exchange in the EU. After declining earlier in the week, Net1’s JSE-listed shares closed 14.2% higher at R151 on Thursday in light trading. The company’s Masterpayment business has been made a payment service provider for Luxembourg-based Bitstamp, a global digital currency exchange for investors to trade bitcoin, litecoin, ether and ripple coins. Fonded in 2011, Bitstamp is one of the oldest bitcoin exchanges. Bitstamp said in a statement that Masterpayment would process all credit-and debit-card purchases made on the platform, which accepts Visa and Mastercard transactions. “Not only does this mean faster and more convenient transactions for our customers, we have also been able to slash our [transaction] fees to 5%,” it said. Bitstamp recently added cryptocurrency token ether to its trading platform, while it also announced a partnership with Swissquote to offer bitcoin trading on th...
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