South Africa’s Carte Blanche examines bitcoin, features bitcoin exchange BitX

Carte Blanche is a South African investigative journalism television series that airs on M-Net during prime time and over the years earned credibility among South African viewers for its investigation into corruption, consumer issues, and current events.

The series also has received numerous awards and is one of the top programs in South Africa. And in it’s latest show which aired last night, Carte Blanche examined bitcoin and it’s properties, including interviews with bitcoin exchange BitX, as well as blockchain intelligence company Chainalysis.

In the report, Carte Blanche discussed bitcoin from it’s conceptual idea brought to life by Satoshi Nakamoto and all the advantages that it brings to the table of primarily banks, who are racing to compete or concede with the open source technology. News reporter Claire Mawisa talked to BitX co-founder Carel Van Wyk, which is a bitcoin exchange based in South Africa. He explained that bitcoins are much different than credit cards, and provide users with financial privacy as compared to traditional card holders. He also explained that there is little to no fraud with bitcoin, and is an advantageous platform for merchants.

The BitX exchange is a market platform where people can buy and sell bitcoins using Rands local currency, securely and easily. People can place orders to buy or sell bitcoins; whenever a buy order matches a sell order, a trade occurs. BitX takes care of clearing the trades so that there is no risk of counterparty default.

The television program on Carte Blanche will most certainly raise awareness of bitcoin in South Africa. South Africa isn’t completely new to bitcoin though, as there are other bitcoin exchanges that are based there as well already, such as Ice3x and AltcoinTrader.

You can watch the full episode which aired yesterday here.

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david@bitcoin.com'
David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.