South Africa Loves Bitcoin

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South Africa Loves Bitcoin

Werner van Rooyen, head of Business Development and Growth at Bitx, the biggest Bitcoin exchange in South Africa in terms of user base and average trading volume, speaks with Cointelegraph about the penetration of Bitcoin in South Africa.

Cointelegraph: How would you evaluate  demand in South Africa?

Werner van Rooyen: The demand  is based on the potential that the cryptocurrency has; either as an improved payment technology (means of payment) or as an alternative asset class (storage of wealth).

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Photo by ARIZMONTEROJAZ
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CT: Could you paint a vivid picture of the Bitcoin Start-up landscape in South Africa?

WR: The biggest adoption  in South Africa seems to be investors using it as a store of wealth. We’ve seen a big increase in the amount of investors and funds dedicating a section of their portfolio to Bitcoin. This enables companies like Read more ... source: TheBitcoinNews

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