How South Africa’s ‘Shark Tank’ Saw the First Bitcoin Investment …

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In what could be a world’s first, bitcoin done an coming on a renouned TV array Shark Tank this week.

Launched in October, South African audiences now have their possess chronicle of a renouned TV franchise (in that entrepreneurs with a business thought representation to a row of investors, aka a ‘sharks’). But while bitcoin might not seem like an apparent fit, a important financier in a record is giving it small-screen visibility.

For a initial season, one of a 4 sharks is Vinny Lingham, a South Africa businessman famous for a fibre of companies including Gyft, Yola and now blockchain startup Civic. He also happens to be one of a many outspoken supporters of bitcoin, carrying incorporated it into past products.

In a many new episode, Lingham brought bitcoin to a front by charity his investment to a developers of protracted existence diversion Augmentors in bitcoin.

In a clip, done accessible online by radio network M-Net, Lingham tells a Augmentors founders: “The problem you’re perplexing to solve around formulating monument … can improved be solved by regulating a bitcoin blockchain. So, my offer will be 500,000 ZAR, or roughly 59 bitcoins, for 20% of your

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