Three million people are using the Blockchain Debit Card created by UEPS, and that number is quickly increasing. The use of this technology is creating the world’s lowest costing banking, with management expecting the EPS to be $2.50 by the year 2020. The UEPS will be lower than 4 P/E without debt.
Revolutionizing Banking with Blockchain
Some compare the technology of blockchain to the 1980s and 1990’s internet. The beginning of some blockchain applications is Net1 Technologies. These applications allow blockchain technology to gain free cash flows as a company for financial tech. The free cash flow being generated will allow the purchase of all the public shares to be available before the year 2023 if the stock keeps being undervalued.
Debit Card Technology of U.E.P.S. for Blockchain
A patented form of the technology for blockchain was created by UEPS on a smart card that can be used as more than just a debit card. Anywhere the Europay MasterCard Visa (EMV) is used, the smart card can be used. The cards use distributed ledgers that can work without communication to a centralized computer both offline and offline.
The UEPS cards do not need a centralized computer in order to create audit records, validate or authorize transactions. Bank infrastructure costs can be avoided while the cards work as a complete bank account. A battery-operated Point of Sale (POS) device can record all the smart card transactions and the smart card stores multiple completed transactions. Information on previous transactions is updated when the cards interact with a POS device or ATM that is centralized.
Born during 1953 in Tulle, France, Serge Belamant was 14 when he moved to South Africa. Serge Belamant excelled in chess and rugby at Highlands North High School where he learned English. Serge Belamant attended Witwatersrand University in 1972 studying applied mathematics and computer science. He would use UNISA to take information system courses after discontinuing his studies two years later. Serge Belamant is the CEO of Net1 Technologies which is developing the technology to use blockchain smart cards as debit cards.
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