�Bitcoin abuse�
Friday, December 02, 2016
The answers to those questions are No, Maybe and Yes, in that order.
So let’s start at the beginning. What is Bitcoin? That’s a simple question to answer but perhaps hard to understand. Bitcoin is a currency, but not like any currency we’ve known before.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...