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Cryptocurrency Ownership Surging In South Africa

  • 13% of Internet users in South Africa own or use cryptocurrency.
  • South Africa among top 10 countries where “cryptocurrency” is most searched on Google.
  • Digital divide slowing adaptation of cryptocurrency in South Africa.
  • Government monetary policies making cryptocurrency a more attractive option for South Africans.
  • Cryptocurrency use could offset high remittance costs.
  • Large portions of Africa are without electricity, making cryptocurrency inaccessible too many citizens.
  • Nearly 60% of African governments have yet to take a stance on cryptocurrency.
  • Despite disadvantages, cryptocurrency potential in Africa is promising due to economic and demographic trends.
  • Read the full story here.

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