South Africans Make Bitcoin Work for Them As Currency, Store of Wealth -- Russian Airline Using Ethereum’s Blockchain in Live Production -- Bankers Continue to Switch To Crypto --

South Africans Make Bitcoin Work for Them As Currency, Store of Wealth

South Africa is still an emerging Bitcoin market, but it is growing, as more and more citizens come around it seems the best use of the digital currency is as a store of wealth, especially compared to the failing local currency. It is estimated that about 100,000 users are utilizing the two local exchanges, Luno and Ice3X. Ice3X founder Gareth Grobler admits that although this figure is tiny, especially in comparison to Asia, it is a positive step for the digital currency in one of the most forward thinking African nations.
Read more: cointelegraph

Russian Airline Starts Using Ethereum’s Blockchain in Live Production

S7, Russia’s biggest domestic airline, has begun selling flight tickets through ethereum’s blockchain this Monday, according to reports from a local paper. Little further detail is provided except that the project is launched in collaboration with Alfa-Bank, Russia’s biggest commercial bank, which stated:
“The blockchain based payment system ensures receipt of proceeds from sales, minus the commission of the agent, immediately after issuing the ticket,” rather than waiting two weeks for settlement as in traditional payments.
Read more: trustnodes.com

Bankers Continue to Switch To Crypto As Wild West Days Are Numbered

Bankers continue to come from traditional financial roles to Blockchain related projects. Leaving behind them a salary of up to seven figures shows a strong belief in the future of digital currencies. The lure of a young but quickly maturing marketplace is growing stronger. From somewhat ‘early adopters’ like former JP Morgan executive Blythe Masters - known for her prodigy climb and creating the modern credit default swap - became CEO of Digital Asset Holdings.
Read more: cointelegraph