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Dummies' Guide to Buying Bitcoin in SA

In the space of a year, the value of the world’s most popular cryptocurrency Bitcoin has soared by over 2000%. 

This exponential increase has created a rare and volatile investment opportunity. 

In December last year, one Bitcoin was worth about R11 000, but by 12:30 on Thursday, it had gone up to R234 998.

Earlier this year, the decentralised digital currency plunged by 18% after a consistent rise, as news began to leak that it had attracted the attention of regulators in China.

Study Reveals: Customer Experience Makes or Breaks Retailers in US

Lego, Disney, Athleta, Lululemon and Nordstrom are among the best customer experience providers against a backdrop of retailers who fail to focus on customers` needs. revealed these findings based on its analysis of 400,000 online reviews. Its algorithms turned free text from consumer reviews into the nine most-mentioned categories, including value, service, cleanliness, wait time, convenience, interactions with store managers, product availability, competence, and finally, parking, facilities and amenities.

Less Than 30% of Africa's eCommerce Startups Profitable

Less than 30% of African e-commerce startups are profitable, as ventures tackle issues such as lack of funding, shortage of trust and logistical difficulties.

This is according to the Afri-Shopping: Exploring the African E-commerce Startup Ecosystem Report 2017 released by Disrupt Africa.

The report finds that the African e-commerce space is growing at an exceptional pace, with the number of startups entering the market growing year-on-year to reach a total of 264 ventures operating continent-wide.

Bitcoin Plummets More Than 12 Percent to Below $15,000

Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66 .

It was still up more than 30 percent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst. 

Bitcoin Rises Above $14,000 on Bitstamp to Record High

Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year.

The cryptocurrency was last up 2.94 percent at $14,030.00 at the Luxembourg-based Bitstamp exchange .

(Reporting by the Tokyo markets team; Editing by Kim Coghill)


Target Launches its Own E-wallet and Payments System

Target has launched its own mobile payments system, allowing customers to pay for both online and in-store purchases by using their smartphones.

The payments functionality, called “Wallet”, is available within the Target app. Apart from paying for purchases, the app also allows shoppers to use Cartwheel digital coupons and discounts.

WePay Becomes a Chase Company

WePay has announced that it is officially a Chase company, after JPMorgan Chase completed the transaction announced in October 2017.

WePay will continue to provide integrated payments to global software platforms like Freshbooks and Constant Contact. As part of the Chase family, it will offer instant merchant onboarding and give software developers and partners access to Chase’s network of four million small business clients.