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13 May 2021

African Property Development Firm Partners Online Leasing Platform in a BTC for Solar Cells Scheme – Emerging Markets Bitcoin News

African Property Development Firm Partners Online Leasing Platform in a BTC for Solar Cells Scheme – Emerging Markets Bitcoin News


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According to the two companies’ working arrangement, Sun Exchange, which also accepts payment in BTC form, will enable buyers of solar cells to lease electricity to Watergate Estate, one of South Africa’s first low-cost gated community housing project.

In the meantime, the report also quotes Sun Exchange founder Abe Cambridge explaining how the online leasing platform is using bitcoin to power clean energy.

The online marketplace founder also reveals that “about 470 people across the world bought solar cells for Watergate, and of the 39 Sun Exchange projects launched so far, it is the first being used to power affordable housing.” While the energy produced by the cells will initially be linked to the national grid, Cambridge said he “hopes to add a battery that can store solar power to protect residents from blackouts.”.

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