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Hello everyone! Welcome to Bitcoin Flash, a fast 2 minute recap of cryptocurrency news taken place in the southern hemisphere. Today my focus will be exclusively on Africa. I will be covering other parts of the southern hemisphere this week, one place at a time. (All prices are in USD.)
For Full YouTube Video: Click Here
Quick Market Recap For Today
We will go over some quick market recap. Chineses regulations push Bitcoin volumes to Over-the-Counter and neighboring countries. Japan, Hong Kong, and many South Asian countries are experiencing high Bitcoin volumes. Next India considers issuing its own Bitcoin-like cryptocurrency as legal tender. And lastly, the Ethereum fork Metropolis, and no we are not talking Superman, has finally arrived with its first iteration being tested on the Ethereum network. I know Ethereum fans are finally happy that this has started. Currently, Bitcoin is trading at around $4000, Ethereum is at $300.00, and Litecoin is at the $55.00 price level.
South Africa’s Second Largest Supermarket Chain Pick n Pay Trails Bitcoin Payments
We will now focus our attention to the second largest supermarket chain in South Africa called ‘Pick n Pay.’ They are now partnering with Luno to allow Bitcoin payments. Pick n Pay executive Jason Peist is noted as saying “Cryptocurrency and Bitcoin are still relatively new payment concepts, yet we have been able to effectively demonstrate how we are able to accept such alternative payments.” South Africa is a hot-bed for cryptocurrency adoption and ranks fourth in Google trends on Bitcoin related searches.
Namibia Weary of Bitcoin but Acknowledges Blockchain
Going up north from South Africa, we now reach the Republic of Namibia where their national bank is weary of Bitcoin but acknowledges blockchain technology. The bank says it does not consider Bitcoin to be legal tender and that people transacting with the cryptocurrency must be careful. The bank issues warnings against money laundering and fraudulent activities. Basically ladies and gentlemen, this is the same old news we hear everyday from other countries. Another bank is afraid. When are these guys going to learn and stop fearing Bitcoin adoption?
Five Things Nigerians Need to Know Before Putting their Money in Bitcoin
And lastly this is a rather light article...An article by Vanguard nigeria, a well known online news publication site is trying to educate Nigerians on what they need to know before putting their money in Bitcoin. The first one is more people are using Bitcoin everyday, retailers and vendors are accepting Bitcoin, Bitcoin transfers are fast and flexible, it's extremely volatile, and lastly treat it as speculation and not as an investment. This shows education of Bitcoin is growing along with adoption.
That is all for today ladies and gentlemen. Once again I will go into detail and commentary on these topics for the rest of the week. Please watch for new videos on the YouTube channel and on Steemit as well. Thank you for watching Bitcoin Flash!
The information on this blog is not financial advice. Before you invest in cryptocurrencies, please speak to a financial advisor...
aluckyshot Hey thanks! Yes it's areas least talked about that people in the West have little or no interest. But as you have seen for awhile these places are putting up serious investment in ATMs, payment systems, and such. I'm trying to find a balance between "flashy" news as well to at least attract those type of audience but at the same time stay true to the channel's purpose. We will get there eventually. Thanks for subscribing.
Owned buildings at another site may be used as alternate workspace if a building cannot be occupied. This depends upon the location of the building and whether the building would be affected by the same hazard that prevented use of the primary building. The alternate facility may be a viable business recovery strategy if the building can be configured with the required equipment or existing equipment can be configured to need business requirements.
Systems and Equipment.
Evaluate these systems to determine whether they meet the needs of the program. Identify and plan to overcome emergency communication system limitations such as weak radio or cellular service or areas where a warning system cannot be heard. Upgrading this critically important system may be required. Verify that these systems are in reliable working condition.
If fuel, battery backup power or batteries are required, make sure the system can run for the required time and chargers are available. Document how to operate these systems and mark the locations of controls. Make sure the information is available during an emergency. Many of these systems also require periodic inspection, testing and maintenance in accordance with national codes and standards. Train staff so a knowledgeable person is able to operate systems and equipment.
Materials and Supplies.
Be sure to compile a list of available resources using the Emergency Response Resource Requirements and Business Continuity Resource Requirements worksheets as a guide.
Preparing for an emergency, responding to an emergency, executing business recovery strategies and other activities require resources that come from outside the business. If there were a fire in the building, you would call the fire department. Contractors and vendors may be needed to prepare a facility for a forecast storm or to help repair and restore a building, systems or equipment following an incident.
The following external resources should be identified within plan documents. Include contact information to reach them during an emergency and any additional instructions within the preparedness plan.
Public Emergency Services.
Contractors and Vendors.