The development of blockchain technology has been a wild ride. From humble beginnings as a cryptocurrency driven technology, to the modern day where blockchain tech is being adopted by everyone from big banks to mortgage companies- we are living in a second tech revolution and this time it is not the internet- it is blockchain that is driving the changes. Net1 and Serge Belamant are helping with that revolution. Their use of the tech allows Net1 to create very large free-cash flows as a fintech company. If everything remains the same, and this company is still undervalued it will very likely be able to buy back all of the public shares of the company that are currently available on the open and investor markets.
The technology that according to Serge Belamant and they are using to drive this phenomenal growth is their own patented form of blockchain tech that is integrated with a smartcard. This card acts as a debit/credit card using transactions that are processed using the blockchain. These cards are accepted anywhere that EMV, or Euro Mastercard/Visa cards are accepted. This proprietary blockchain based card can be used anywhere as long as the reader and the card are present- that means they do not need complicated POS computer systems or an internet connection to safely process transactions.
Every transaction using these cards is recorded using a specially built device from Net1 that has an onboard battery. This battery allows one to take payments and process transactions in different situations where you might not otherwise be able to do so. In addition, once the transaction goes through a ledger is added to the blockchain that verifies the transaction safely and securely. Serge Belamant and the others have developed an excellent technology for outdoor, rural, and electricity-free transaction processing.Serge Belamant and Net1 are likely to change the face of the blockchain industry forever. When this technology becomes adopted en masse, we will see a quick spread throughout regions of the world where electricity and internet access may not be as ubiquitous as in the deeloped countries of the global north.