At the Adopting Bitcoin Cape Town event, Ehsani shed light on the significance of Bitcoin and how the Bitcoin community as well as the wider industry can make a real contribution to the advancement of civilization
JOHANNESBURG, SOUTH AFRICA / ACCESSWIRE / January 29, 2024 / After an extremely successful year that saw VALR take the lead the largest cryptocurrency exchange by trading volume in Africa, its CEO Farzam Ehsani delivered the opening keynote to attendees at the recent Adopting Bitcoin Cape Town event that took place at the Cape Town International Convention Center this month. In a lively keynote address, Ehsani discussed the numerous ways in which VALR is supporting the growing adoption of Bitcoin by Africans, and how the industry as a whole is making a significant contribution to humanity's economic and technological progress.
Ehsani's speech, titled "Integration Versus Disintegration: Bitcoin Adoption and Human Progress", gave insight into some of the key drivers of VALR's success in advancing the adoption of Bitcoin in Africa, and offered important reflections on principles such as unity, service and truth.
The talk centered on the broader theme of the forces of disintegration and integration unfolding at every level of society, while also exploring the significance of the emergence of Bitcoin as a unifying force and important technology to align global finance with the needs of this age. In particular, visitors were able to learn about the efforts made by VALR to help establish Bitcoin as a viable method of payment, such as through its recently announced partnership with Visa, which is set to allow VALR customers to use that company's network to send and receive payments from any location in the world. As part of that collaboration, VALR is planning to launch a number of innovative payment and card products that will enable users to leverage Visa's network in their transactions.
Directing his comments on the topic of Bitcoin adoption directly at the Bitcoin community, Ehsani said:
"We need to look into the mirror sometimes as the Bitcoin community. There are times when we sow division in our discourse. When we talk about us versus them, when we talk about the Bitcoiners versus the bankers, about Bitcoiners versus the no coiners, sometimes, while we're having fun and it's enjoyable, we're actually retarding the progress of our own cause."
"If we truly believe that Bitcoin is here to progress humanity, to move us forward, then it's not just for Bitcoiners, it's for the world. We cannot disparage those that don't quite understand it yet, we have to welcome them because Bitcoin really is for everyone" continued Ehsani.
In addition, at the event, visitors were able to learn about VALR's partnership with CryptoConvert, enabling users to spend their Bitcoin on groceries and various other products at Pick n Pay stores throughout South Africa.
Adopting Bitcoin Cape Town is the latest in a series of global crypto conferences that explore the unique overlap between Bitcoin and the emergence of other so-called parallel institutions that service and empower humanity amidst widespread socio-economic disintegration. The event welcomed dozens of top local and international crypto entrepreneurs and influencers to discuss the latest advances in Bitcoin's development and the impact it is having on the world in the context of real-world economies and institutions.
VALR's participation at Bitcoin Adoption Cape Town is significant, as it has made great strides in cementing its status as Africa's leading digital asset exchange. Last year saw the launch of a perpetual futures trading product that offers the world's first Bitcoin and USDT perpetuals traded against the South African Rand. Also last year, VALR added spot margin trading features, received regulatory approval for its services in Europe, and kicked off the process of obtaining licenses in Dubai and Mauritius. So far, it has already secured initial approval from Dubai's Virtual Assets Regulatory Authority (VARA).
About VALR
VALR is a global crypto exchange serving over 900 corporate and institutional clients, and more than half a million users around the world. Headquartered in Johannesburg, South Africa, with approval to offer services in Europe, VALR has processed over $15 billion in trading volume and secured $55 million in equity funding from reputable investors like Coinbase Ventures, Pantera Capital, and Avon Ventures, affiliated with the parent company of Fidelity Investments.
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SOURCE: VALR