African Property Development Firm Partners Online Leasing Platform in a BTC for Solar Cells Scheme

African Property Development Firm Partners Online Leasing Platform in a BTC for Solar Cells Scheme


South African property developer, New Age Properties, says it has partnered with Sun Exchange, an online leasing platform, as part of an effort to bring cheap and clean energy to low-income earners.

Bitcoin for Solar Cells

According to the two companies’ working arrangement, Sun Exchange, which also accepts payment in BTC form, will enable buyers of solar cells to lease electricity to Watergate Estate, one of South Africa’s first low-cost gated community housing project.

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Meanwhile, a local news report explains how the consummation of this partnership will represent a key milestone for the South African property developer, Anver Essop. In addition to fulfilling his desire to bring to “green, safe and cheap homes across South Africa”, the arrangement with Sun Exchange also helps Essop realize his objective of bringing the perks or benefits associated with South Africa’s affluent gated communities to low-income earners.

“We thought, why don’t we give people the same product we build in wealthier areas

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