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

BitsPlan

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In what could be a world’s first, bitcoin made an appearance on the popular TV series Shark Tank this week.

Launched in October, South African audiences now have their own version of the popular TV franchise (in which entrepreneurs with a business idea pitch to a panel of investors, aka the ‘sharks’). But while bitcoin may not seem like an obvious fit, a notable investor in the technology is giving it small-screen visibility.

For the first season, one of the four sharks is Vinny Lingham, a South Africa entrepreneur known for a string of companies including Gyft, Yola and now blockchain startup Civic. He also happens to be one of the most vocal supporters of bitcoin, having incorporated it into past products.

In the most recent episode, Lingham brought bitcoin to the fore by offering his investment to the developers of augmented reality game Augmentors in bitcoin.

In the clip, made available online by television network M-Net, Lingham tells the Augmentors founders: “The problem you’re trying to solve around creating rarity … can better be solved by using the bitcoin blockchain. So, my offer will be 500,000 ZAR, or roughly 59 bitcoins, for 20% of your

Read more ... source: TheBitcoinNews

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