Have You Heard of Serge Belamant? He Created the Industry’s Very First Blockchain Debit Card

How familiar are you with the industry of blockchain and cryptocurrency? Regardless of how well-informed you may consider yourself, it is unlikely that you know who this important individual is. Serge Christian Pierre Belamant is not as well-known as some other names in the sector today, but his impact on the blockchain world is undeniable. Net1 Technologies was founded by this French born visionary who spent his childhood in South Africa. The man who lives currently in the UK invented a groundbreaking product which he named the “smart card.” This was the first ever debit card that made use of blockchain, and its relevance is still felt today, despite all of the technological progress that has been made.

If you are curious as to how this early blockchain debit card worked, then the system can be easily explained by a battery-powered machine, which helped with transactions made offline. As a result, these cards became quite widely accepted. This all was good enough, but things got even better for the card of Serge Belamant in 1995, when Visa stepped in and helped him with the development of an efficient application for the card’s use, which became known as COPAC. Millions of people in various countries now make use of the Serge Belamant product, but there will no doubt be even more satisfied users in the coming years, thanks to the explosion of blockchain and cryptocurrency.

With all of the success that he and his company have seen in recent times, there are many readers who will find it baffling that Serge Belamant actually left college after a few years and never earned the coveted university degree. However, he has clearly executed his vision with precision as Net1 Technologies’ Chief Executive Officer, and signed important deals in Russia and some other nations along the way. NASDAQ is the biggest, most famous stock market on the planet, and entering it in 2005 was quite an achievement for Serge Belamant and his prized company.

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