Today's Big 3

Bitcoin Acadeny opens in Cape Town to teach Capetonians about digital cash

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:

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