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Friday, July 28, 2017

South Africans Make Bitcoin Work for Them As Currency, Store of Wealth

South Africans Make Bitcoin Work for Them As Currency, Store of Wealth

South Africa is still an emerging Bitcoin market, but it is growing, as more and more citizens come around it seems the best use of the digital currency is as a store of wealth, especially compared to the failing local currency.


It is estimated that about 100,000 users are utilizing the two local exchanges, Luno and Ice3X. Ice3X founder Gareth Grobler admits that although this figure is tiny, especially in comparison to Asia, it is a positive step for the digital currency in one of the most forward thinking African nations.


Full story at http://bit.ly/2h8D1Vb


Source: CoinTelegraph


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