Cape Town, South Africa – On October 11, 2024, DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. The event will focus on Bitcoin adoption, cryptocurrency payments, and the growing regulatory landscape across Africa, highlighting both the benefits and challenges of using cryptocurrencies for payments.
Don’t miss this exciting event. Tickets will sell out quickly. Browse ticket options below and reserve your spot online through Quicket.
Day 1: Networking Day – Cape Town City Tour: R2900
Day 2: Main Event General Access: R580
Day 2: Main Event VIP Ticket: R1900
Day 3: Networking Day – Cape Winelands Tour: R2500
Africa is quickly emerging as one of the fastest growing regions for cryptocurrency adoption. According to recent reports, Africa’s crypto market will grow by more than 1,200% from 2020 to 2021, with countries such as Nigeria, Kenya, and South Africa leading the way in Bitcoin usage.
As financial inclusion remains a major challenge across the African continent, Bitcoin offers a potential solution by offering greater accessibility and significantly lower transaction costs compared to traditional financial services. . A key theme for this year’s discussion will focus on how community-driven movements are advancing grassroots Bitcoin adoption.
Local organizations such as Bitcoin Ekasi in South Africa play a vital role in promoting education and financial inclusion of the unbanked, especially in rural areas. Hermann Vivier, founder and chairman of Bitcoin Ekasi, will share his insights on the development of the Bitcoin circular economy in South African towns and demonstrate practical applications of Bitcoin in local communities.
Additionally, Carel van Wyk, co-founder and CEO of MoneyBadger, will discuss key developments in South Africa’s retail and cryptocurrency space. Namely, Pick n Pay, one of the country’s largest retailers, has adopted Bitcoin as a payment method using MoneyBadger’s platform. This introduction is an important milestone and highlights the integration of Bitcoin into everyday transactions and retail operations across the country.
Cryptocurrency payments: the latest innovations and groundbreaking developments
Another highlight of the event will be a panel discussion on crypto payments focusing on innovations driving the adoption of crypto payments in both global and local markets. One of the most important developments in this field is the rise of stablecoins. With over $2 billion of cryptocurrency transactions taking place in Africa every month, stablecoins offer a solution to the volatility often associated with cryptocurrencies.
By maintaining a stable value, these digital assets enable seamless international payments, especially in emerging markets where local currencies are often unstable. In addition to facilitating cross-border transactions, stablecoins pegged to the US dollar provide a safe harbor for those who want to keep their savings in a hard currency, a common concern in many African economies. Provides protection against depreciation and inflation.
Compliance and regulation in South Africa
South Africa has introduced regulations for crypto asset service providers (CASPs), taking an important step in the country’s financial landscape. The expert panel will examine compliance and regulatory trends impacting the cryptocurrency space, with a focus on how South Africa’s new regulations will shape the future of CASPs, exchanges and fintech companies.
This discussion provides insight into how regulatory clarity is encouraging more companies to enter the cryptocurrency space, while addressing challenges related to AML/KYC protocols and consumer protection. You can
Join the conversation at Crypto Fest 2024
Crypto Fest 2024 will bring together thought leaders, innovators, and industry experts to discuss how cryptocurrencies are transforming Africa’s financial landscape.
Don’t miss this opportunity to join the conversation.
ticket
Various tickets can be purchased from the event homepage here.
For more information on Bitcoin events and other events, please visit this website.
media contact
For media inquiries, please contact us below.
Nazlie Swartz
Email: (email protected)
About Bitcoin events:
For 10 years, Bitcoin Events has proudly stood as Africa’s pioneering events company solely focused on the realm of crypto, blockchain and Web3 technologies. With over 17,500 attendees from 165 countries, we have fostered connections with respected individuals and reputable companies leading the blockchain space.
With far-reaching impact, Bitcoin Events remains committed to empowering Africa and advancing the region’s blockchain ecosystem through world-class events.
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