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DistantCl3ric

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mybroadband.co.za 13d ago

Africa's largest crypto exchange, VALR, Launches 200 Hyperliquid Perps Markets

DistantCl3ric
3pts0
mybroadband.co.za 3mo ago

South Africa's VALR Launches AI Service for Humans and AI Agents

DistantCl3ric
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www.moneyweb.co.za 9mo ago

VALR becomes South Africa's first licensed crypto derivatives issuer

DistantCl3ric
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www.moneybadger.co.za 9mo ago

MoneyBadger and Scan to Pay enable Bitcoin payments at over 650 000 merchants

DistantCl3ric
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cointelegraph.com 11mo ago

South Africa's VALR named official crypto exchange partner of DHL Stormers

DistantCl3ric
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chainwire.org 11mo ago

South African exchange, VALR launches tokenised US stocks

DistantCl3ric
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bitcoinke.io 11mo ago

Moneybadger and Peach Payments partner to enable Bitcoin payments

DistantCl3ric
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globalcrypto.tv 2y ago

Pick N Pay's Bitcoin Payment System Reaches R1M Monthly

DistantCl3ric
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finbold.com 2y ago

South African crypto exchange, VALR, receives regulatory license

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www.coindesk.com 2y ago

South Africa Starts Issuing Crypto Licenses

DistantCl3ric
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mybroadband.co.za 2y ago

OfferZen closes €4M round of funding

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cointelegraph.com 2y ago

BlackRock's ETF won't be bullish for Bitcoin

DistantCl3ric
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www.itweb.co.za 2y ago

Stitch introduces 'Pay with crypto' built on VALR Pay

DistantCl3ric
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www.itweb.co.za 2y ago

South African crypto exchange VALR set to expand into Dubai

DistantCl3ric
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rootplatform.com 2y ago

South Africa's Invenfin has made a further $1.5M investment into Root Platform

DistantCl3ric
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www.itweb.co.za 2y ago

VALR launches Bitcoin payments at grocery stores across South Africa

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www.offerzen.com 3y ago

OfferZen's State of the Software Developer Nation: 2023 South Africa Report

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twitter.com 3y ago

South African crypto exchange VALR launching in Zambia

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globalcrypto.tv 3y ago

South Africa classifies crypto assets as a financial product

DistantCl3ric
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twitter.com 3y ago

Show HN: VALR Pay – Free Crypto Payments

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www.coindesk.com 4y ago

African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital

DistantCl3ric
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www.offerzen.com 4y ago

OfferZen's State of the Software Developer Nation: 2022 South Africa Report

DistantCl3ric
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techcrunch.com 4y ago

South African payments startup Yoco raises $83M Series C

DistantCl3ric
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carel.medium.com 5y ago

We’re all criminals now

DistantCl3ric
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www.valr.com 5y ago

Show HN: VALR Pay – Free ZAR Payments

DistantCl3ric
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mybroadband.co.za 5y ago

Afrihost to Acquire Cool Ideas

DistantCl3ric
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paystack.com 5y ago

Paystack is live in South Africa

DistantCl3ric
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www.offerzen.com 5y ago

OfferZen's State of the Software Developer Nation: 2021 Netherlands Report

DistantCl3ric
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globalcrypto.tv 5y ago

South Africa’s ICE3x Cryptocurrency Exchange Suspends All Trading

DistantCl3ric
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www.offerzen.com 5y ago

Developers Remote Work Report [pdf]

DistantCl3ric
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Founder Mode 2 years ago

I see employees and founders fall into different categories depending on when they join.

Founders and first group of employees are the creators. The ones who often care deeply and want to bring new ideas to life, creating value for customers (and eventually shareholders) - Higher risk for this group.

As the company grows but is still early on the journey, the next group tends to also care and often want to protect whats been built while helping creating new value. This group likely wants to earn a bit more having joined later. This group are taking less risk as there are likely already a few rounds raised at this point.

The company continues to grow and starts hire more staff to help it operate at scale. These people are disconnected and tend to arrive to extract more value than the groups before them. These are often managers or extra execs, more sales teams on commission etc.

This new group is not here to defend whats built and often arent as invested in the idea. They didnt join out of a burning desire to see the world get better - they are here to earn well and push their careers.

I think this is where founder mode helps. It keeps the ones who care deeply about the business, the idea, the customers, the world, the employees etc in the know. They keep their finger on the pulse and can help steer everyone away from just chasing personal gain. They can bring back the guiding principles that may have been diluted through various levels of "those who don't care as much".

I think early employees - those taking the most risk aside from the founders - could also be leveraged here. In fact, I think those early employees could be considered mini-founders if they are are still around at later stages.

In SA we also have to use private health insurance as the state run facilities are really bad. We have no safe public transport and those who can afford their own car usually have one. Our policing is sub par and many have to pay for private security.

We also have a very high income tax rate. Up to something like 45% depending on your level of income.

If I for instance saved 10% of my salary vs someone earning comparatively the same in the US, I would have far less buying power in the world in general.

Overseas holidays are something very few can afford. Spending ZAR overseas is rough.

$15/hr * 40hr/week * 52week/year = 31200USD = 481000ZAR.

It took me at least 5 years as a software engineer with a CS degree to reach that per year in South Africa.

I understand cost of living adjustments etc etc but $15 per hour in SA would help so many people dramatically. We have a huge number of citizens living below the poverty line.

For perspective, our minimum hourly wage is 23.19ZAR per hour which is roughly 1.49USD.

Good question! I am not sure! I had a brief look at their 2020 and 2021 report but I havent been able to see how they got the data and reached their conclusions.

Its worth noting that their entire business is built around detecting blockchain based illicit activities.

It isn't clear if its illegal to use ones Single Discretionary allowance (SDA) (1m ZAR per annum) or applying for and using a Foreign investment allowance (FIA) (further 10m ZAR per annum) for crypto.

If exchange control was applied fairly as was the interpretation up until recently, then staying below those amounts in ZAR terms would be fine. However, that may not be the case any more.

This is the issue though. Reserve banks doesnt want money flowing out of SA to any organisation it cannot compel.

Enter the exchange control laws from the 60s that still limit capital flow out of SA.

1m ZAR per annum per person(~70k USD) this includes things like Netflix subscriptions, Amazon orders etc.

According to Chainalysis, in 2020 only 0.35% of crypto transactions were associated with illicit activity.

Cash is still king when it comes to crime. Crypto can help make it harder for criminals.

VALR | South Africa | Intermediate / Senior Frontend (React) & backend Engineers | Full-Time | REMOTE (In South Africa) | https://careers.valr.com/

VALR is a venture backed South African cryptocurrency exchange. We're helping to build a new financial system that recognises the oneness of humanity.