The first Bitcoin Academy in South Africa has opened up at the Bandwidth Barn in Woodstock, Cape Town.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central ban.
The academy is founded by Sonya Kuhnel, one of the first women involved in bitcoin in South Africa. They will be hosting a beginner’s course on 7 September, where the speakers will be Sonya Kuhnel and Prof GJ van Rooyen of Stellenbosch University.
The academy will primarily focus on providing training to financial institutions, corporates, developers, start-ups, entrepreneurs, government and individuals on bitcoin and blockchain technology
Cape Talk’s Kieno Kammies speaks to Prof G-J Van Rooyen, Associate professor in Information and Communication Technology at Stellenbosch University and Co-founder of Custos Media Technologies:
According to Van Rooyen, Bitcoin is simply digital cash. Bitcoins are safe to use, difficult to cheat and legal, he says.
Listen to the full conversation below: