Crypto cars: this Johannesburg Ferrari specialist dealership will take Bitcoin instead of old-fashioned money
By Motoring Staff
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JOHANNESBURG - Ferris Cars, based in Fourways, claims to be the first car dealership in South Africa that has sold a car in exchange for Bitcoin instead of cash. And what’s more, it wasn’t just any car, but an immaculately-presented pre-owned Ferrari California.
The occasion was celebrated at a cocktail function attended by customers and media at Ferris Cars’ recently-revised showroom in the Broadacres Shopping Centre. The highlight of the evening was in fact the actual purchase of the Ferrari California by one of the guests, live on screen, demonstrating an actual Bitcoin transaction to the audience.
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The legalities of crypto arbitrage
Mazars partner Wiehann Olivier provides an extensive outline of the legal aspects as well as the risks associated with this form of cryptocurrency trading and the exchanges that facilitate it. 00:57
CIARAN RYAN: Crypto arbitrage is very much in the news this [month] with the Financial Sector Conduct Authority, the FSCA, issuing a warning on Ovex, withdrawing it within hours, and following up with an apology the following day.
This has certainly put the regulatory reach of the FSCA under the spotlight, and perhaps it’s time to take a good hard look at the legality of crypto arbitrage in all its various forms. In addition to that, we thought it timely to look at the risks of arbitrage, and to look at the risks of trading with a particular exchange as well. To discuss this, we are joined by Wiehann Olivier, who is a partner and crypto specialist at Mazars.
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app instead?
But old-timers have seen this movie before and are going nowhere. 00:01
The âtwarâ between Musk and Bitcoiners is a setback, but itâs not the end, says BitFundâs Dean Joffe. Image: Bloomberg
Bitcoin is down 26% this week as Elon Musk went to war with the bitcoin crowd over his disapproval of the cryptocurrencyâs energy consumption, and decided to reverse his earlier decision to allow purchases of Tesla cars in bitcoin.
Musk became an object of derision among bitcoin fans, as well as Dogecoin founder Jackson Palmer, who tweeted: âReminder: Elon Musk is and always will be a self-absorbed grifter.â
Covr Financial Technologies, Americo and SCOR Join Forces to Launch New Life Insurance Product Aligned with Consumer and Business Lending
LoanMatch Protector provides life insurance tailored to loan amortization schedules, including mortgage and small business loans
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HARTFORD, Conn., Jan. 15, 2021 /PRNewswire/
Covr Financial Technologies (Covr), Americo Financial Life and Annuity Insurance Company (Americo), and global reinsurer SCOR are today announcing the launch of LoanMatch Protector, a first-of-its-kind life insurance policy customized to a consumer s specific loan amortization schedule. This new collaboration brings LoanMatch Protector to customers of banks, credit unions, lenders, e-banks and direct lenders through Covr s industry-leading, white-labeled digital life insurance platform. Covr has made it easy for customers of their partner financial institutions to purchase coverage during or after their loan applications through seamle