Brian Sokutu
Senior Print Journalist
2 minute read
19 Oct 2019
7:00 am

SA man banks on digital currency, has plans for PE

Brian Sokutu

South African businessperson Trevor Tambo has launched a crypto currency exchange platform called National Digital Asset Exchange (NDAX).

Many coins of various cryptocurrencies.

The New York-based international cryptocurrency market research company CoinMarketCap puts the global worth of the growing industry at R3 trillion in digital assets – a development that has this week seen the International Monetary Fund sending a clear message to finance ministers and central banks, meeting in Washington, that the digital currency is on their countries’ doorstep. The new economy has also led to the wealthy G-7 countries discussing broad guidelines on how best to deal with the digital tsunami. Against this background, South African businessperson Trevor Tambo, pictured, who has for several years been sceptical about Bitcoin, has now...