The First Ever Blockchain Debit Card Was Invented by CEO Serge Belamant

There are so many people these days jumping on the bandwagon of cryptocurrency, but how many of them realize the roots of their beloved blockchain products? There is a little-known name in the industry who made some things possible, and we should take some time to recognize him. This name is Serge Christian Pierre Belamant, and he is credited as the inventor of the globe’s very first blockchain related debit card, something that the industry has since built upon. Smart card is the name of it and Net1 Technologies is the name of the organization of which he is the founding father. Mr. Serge Belamant was raised within South Africa, although France is his place of birth.

In the beginning, transactions were a bit clunky, with a separate device running on a battery necessary to process these transactions offline. Even with this there was wide acceptance of the smart card. However, Serge Belamant got a much-appreciated gift in 1995 when Net1 Technologies and Visa struck an agreement, which allowed for an application’s development called COPAC. This greatly improved the process. As a result, there actually millions of individuals around the globe happily using this blockchain debit card today. It is unlikely that its growth will halt, and the current boom will produce more users of the Serge Belamant card very soon.

At this rate, it seems entirely possible for the organization to buy back with a few years the remaining public share it has out. Serge Belamant is truly an unconventional success story, as he never graduated from University, and, despite not holding a degree, has become a powerful CEO in a competitive and lucrative industry. Net1 Technologies continues to make big waves as it pursues even greater blockchain success, and the world will certainly be closely watching to see what happens next. After finally making onto the NASDAQ market in 2005, it remains to be seen what other significant achievements the company will reach for in the next phases of its existence.

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