Blockchain co enabling solar investors to essentially become Eskom’ – SunCash CEO Ahren Posthumus

Momint is known for selling digital assets or non fungible tokens (NFTs). The most famous is probably the auction of a NFT of Nelson Mandela's arrest warrant sold for $310,000. And then there are the well-known bored ape NFTs, which are sort-after items for tech billionaires. But now, Momint CEO Aram Posthumus is turning to solar energy and has launched a blockchain offering called SunCash. It allows anyone to invest in solar power and resell it to institutions like schools. Posthumous told BizNews that investors would essentially become Eskom and earn the revenue that the power utility would typically get. He said that the country’s electricity problem could become “a massive positive and South Africa can actually become a world leader in renewable energy,” and it is an opportunity to attract foreign direct investment to the country. Learn more about your ad choices. Visit megaphone.fm/adchoices