First-ever SA developed Bitcoin wallet launched

Johannesburg – Bitcoin users in South Africa finally have their own locally made digital wallet for the virtual currency.
Singapore headquartered company BitX, which has a development team in Cape Town and also operates one of onlsy two South African Bitcoin exchanges, has launched a digital Bitcoin wallet app for Android and Apple iOS device.
The BitX app targets countries such as South Africa, Kenya, Namibia and Malaysia, and aims making buying and selling of the crypto-currency easier through the press of a touchscreen.
Dozens of Bitcoin wallets are available on mobile app store markets such as Google’s Play Store.
But developers of BitX say their app stands out owing to its easy-to-use interface, a secure offline vault that stores Bitcoins in case a phone is lost, and a feature dubbed ‘KYC’ (Know Your Customer) that allows for mobile number verification and uploading of identification documents where applicable.

This post was published at Fin24 on 2014-11-18.