Serge Belamant, and his company Net1 have embarked on a wide-ranging mission to bring their proprietary blockchain debit/credit system to the mass market. There are many of us that consider that information revolution that started in the 80s and continues to this day to be the defining movement of the 20th and 21st centuries so far. However, there is another technology that is set to be even more defining blockchain tech.
Net1, along with blockchain and crypto expert Serge Belamant are sitting on an incredibly new technology that has the potential to change everything when it comes to how and where we process transactions. Right now, this technology is poised to allow Net1 to create substantial free cash flows in the financial technology space. The stock is currently undervalued, which means that that generated cash flow has the potential to buy all of the current shares of Net1 on the market prior to the finish of the last quarter in 2023.
Their technology, which is patented, is located on a small credit or debit card that is accepted at any merchant that currently has EMV capability. EMV stands for European Master card Visa. These cards use DLP or distributed ledger technology to allow customers and merchants to utilize the blockchain when making financial transactions. Serge Belamant has decided to give this gift to the world with Net1 behind him.
One major difference between standard debit and credit systems and the new Serge Belamant led efforts is the fact that they do not need to be connected to a central server to process transactions. In truth, they do not even need a power source. The way the cards work is by being plugged into a battery POS system which can then check cards anywhere. There does not need to be a connection to a central server because they use the power of the blockchain to verify, rather than normal cards.
There are many new developments in tech, but none that are as exciting as the debit and credit blockchain tech being developed by the fine folks at Net1 alongside Serge Belamant.
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