In South Africa, Bitcoin adoption is starting to pick up the pace.
In South Africa Bitcoin is very much still an emerging market. However, that is starting to change.
Citizens have been enduring massive inflation for years now and have been searching for something, anything, as a means of protecting their wealth.
Here is a chart of the South African Rand against the US Dollar over the last 5 years:
Not a pretty picture, and it's even worse when you look back at the last 10 years. Basically, anyone who has held their money in a bank can purchase less than half of what they could purchase just a couple years prior with the same amount of money.
Enter Bitcoin
Currently there are about 100,000 users on the two main Bitcoin exchanges, Luno and Ice3X. That is not a large num