Cape Town BitHub to launch in support of digital currencies

Announcements | June 12, 2015 By:

On Tuesday, June 9, The Cape Innovation and Technology Initiative (CiTi) announced the launch of the BitHub at the Bandwidth Barn on June 11, aimed at supporting development and innovation in the digital currency space.

“BitHub will be the physical space where coders, designers and developers can meet, work out of and collaborate. There are many viable digital currency ideas in South Africa that are not coming to market because they lack the infrastructure and support to take it further. BitHub is that space,” said CiTi CEO Ian Merrington.

The hub will look to educate people on the benefits of digital currencies such as bitcoin, discuss the lack of regulation in the space and the opportunities that presents to industry and commerce at large, and foster general acceptance of bitcoin and other digital currencies.

The Cape Innovation and Technology Initiative (CiTi), formerly known as the Cape IT Initiative, was founded as a non-profit organisation in 1998 by a broad group of industry stakeholders and inspired citizens.