news

bitcoin

1 X bitcoin bitcoin =

Saturday

31 July 2021

Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa – Crowdfunding Bitcoin News

Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa – Crowdfunding Bitcoin News


smart summary beta

Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa.

According to a Swissinfo report, CVVC will fund the best blockchain start-ups “in South Africa, Nigeria, Kenya, Rwanda, Congo and other countries.” The report adds that the initial five successful applicants will each receive $125,000 (CHF114,000) from the incubator while SECO will also chip in with a contribution of over $270,000 in the first year of the project.

However, according to Gideon Greaves, the managing director of CVVC South Africa hub, the African blockchain start-ups applying for funding need to demonstrate that their projects can solve challenges that are specific to their regions?

Goto Full Article

bitcoin bitcoin price

$41641.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2021