Tag Archive : RAND

Binance to launch Rand Fiat Gateway in South Africa; Will donate $1M for Blockchain Education

South African crypto enthusiasts will now be able to make Rand deposits on global cryptocurrency exchange Binance. The latest update was announced by Binance CEO Changpeng Zhao at the Blockchain Africa Conference. To support this latest update, Binance is all set to launch a fiat gateway specifically for Rand deposits. As per the company, this facility will be operational in the next few weeks. 

What did Changpeng Zhao say?
Zhao is of the opinion that the upcoming launch is a part of Binance’s strategy to promote crypto in Africa. He went to say, “Africa illustrates one of the largest demands and instrumental use cases for cryptocurrency, notably for financial access. According to the World Bank, approximately 66 percent of sub-Saharan Africans are listed as unbanked. So instead of trying to bank the unbanked, let’s try and Bitcoin the un-Bitcoin.”

Binance is already operational in as many as 35 African countries. Changpeng Zhao acknowledged that South Africa has always been one of the countries that Binance planned to offer services in. He added, “Looking at South Africa specifically, crypto adoption continues to rise with SA being one of the top five countries in terms of cryptocurrency ownership. Today I’m excited to announce that Binance is launching a South African fiat-to-crypto gateway soon. This will enable South Africans to buy cryptocurrencies with their local bank accounts.”

Binance supporting Blockchain education in South Africa
Binance South Africa country manager, Tanya Knowles confirmed that the company is also planning to invest $1M to support blockchain education in the country. This donation will be made through the Binance Charity Foundation. 


RAND: Curtailing illicit pot market will take ‘years’

It will likely take years for Massachusetts to put a dent in the illicit marijuana market, according to a researcher who found that to be the case in Washington state.

Three years after state-licensed cannabis stores in Washington opened in July 2014, roughly half of the recreational and medical marijuana consumed by residents was still coming from the illicit market, said Beau Kilmer, director of the RAND Drug Policy Research Center.

“You’re not going to eliminate the illicit market overnight,” Kilmer said. “It’s going to take years.”

Read the rest of this story on BostonHerald.com.