The Cape Innovation and Technology Initiative (CiTi), based in South Africa, has announced that digital currency innovators can now apply for membership at its digital currency incubator, BitHub.

Disrupt Africa reports that the hub will provide working space, mentorship and enterprise development support for startups with focus on cryptocurrency development or blockchain technology.

“BitHub will be the physical space where coders, designers and developers can meet, work out of and collaborate,” says Ian Merrington, chief executive officer (CEO) of CiTi. “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”, he added.

At BitHub’s launch earlier in June, CiTi indicated that the hub will also set out to educate people on the importance digital currencies, give them a better understanding of regulations in the space with the opportunities these present to the industry and commerce, and also promote the general acceptance digital currencies by showcasing how viable this currency is in real-time trade.

Interested startups can contact Naz Saunders via email, naz@bwb.org.za.

Source: Disrupt Africa

Photo Credit: BTC Keychain Via Flickr

Lulu Fadoju Author

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