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#128 The Gold bug who converted to Bitcoin – Salvatore Burgio

“Bitcoin as a cryptocurrency is a fantastic system of payments and some people call it Gold 2.0” Salvatore Burgio, Cape Town Bitcoin Expert

The Grey Ave Podcast meet Salvatore Burgio, a professional Jeweler who become a Goldsmith by the age of 16. In early 2012, Salvatore Burgio remodeled his business of jewelry and Gold into Bitcoin. In 2013 made his Bitcoin paper wallet.

Salvatore Burgio and his company Cape Town Bitcoin established the first Bitcoin ATM in Cape Town. The rise of Bitcoin ATM’s clearly demonstrates the advancement of digital payments, as a result, a transition to real-world financial models is being seen as Bitcoin and other cryptocurrencies become more common. As part of his continued commitment to support new technology through accessibility, Cape Town Bitcoin provides the services of its ATM to the general public. At their ATM’s, people can be able to trade cash for Bitcoin or convert Bitcoin to rands and you can buy Bitcoin for a minimum of R100.

We talked about the fundamental principles of money, gold and crypto in this interview. Some of the key points include the following;
-How and when he got involved in Jewelry business
-Comparison of fiat money and Gold
-What are the Kruger Rands
-The perception of money in this real world
-What made him shift his business to start investing in Bitcoin
-How Blockchain technology is charging finance and the world at large
-How can artificial Intelligent change the ecosystem

Learn more about the Bitcoin ATM and Cape Town Bitcoin at: https://www.capetownbitcoin.co.za/

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