BSP: Cryptocurrency risky

BSP chief executive officer Robin Fleming.
The National Business, By DALE LUMA BANK South Pacific (BSP) does not accept cryptocurrency transactions, says group chief executive officer Robin Fleming. Responding to queries from The National, Fleming highlighted that cryptocurrencies posed some risks which included: LACK of consumer protection. While traditional financial products... more →
Posted in: Papua New Guinea

Torokina – a cryptocurrency with a dream to ‘rescue’ Papua New Guinea

Attending Draper University, David Eri presented his Torokina proposal to Silicon Valley entrepreneurs and it received "positive feedback". Image: APJS
By Pacific Media Centre Cryptocurrencies are a controversial phenomenon that have risen from a technical experiment, with zero monetary value, to an industry with a combined market capitalisation of US$225 billion – after shedding more than $30 billion this week. Their future is uncertain, with analysts ranging from enthusiasts... more →
Posted in: Papua New Guinea

Young Bitcoin entrepreneur brings Silicon Valley to Papua New Guinea

Day One Investments’ Shane Ninai addresses a Blockchain event in London earlier this year.
by Business Advantage PNG A young Papua New Guinean entrepreneur is bringing Silicon Valley to PNG to help boost financial inclusion in the country.  Day One Investments’ Shane Ninai tells Business Advantage PNG of his plans to encourage the use of the virtual currency, Bitcoin. ‘For the first time in history, we have... more →
Posted in: Papua New Guinea