Assuming the survey is reliable and is indeed representative of the population...
Hopefully other countries would also see the potential. I'd like to see a world where bitcoin could really help out the poor. Plus maybe new kinds of tools would be developed for the less technological savvy people.
Topic: South Africa has a huge potential - page 3. (Read 523 times)
I am very excited about those numbers, and the fact that they are already accepting crypto payments there 
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
47% is a whole lot of figure to consider which would make a difference but unfortunately, the article did not state the total number of the tested population which is something that is key here before anyone can begin to rejoice. The total population of South Africa is 57,398,421 which is 0.75% of the world population which means if the whole of the population should choose to invest in crypto, it still does not change anything as the effect would't be felt and we all know there is no way the whole of the population could have completed that survey.
In addition, surveys cannot be totally relied upon because of several factors such as the category of people being asked, the type of questions whether its leading question or not, there is also the issue of incentive that might be involved which would influence the decision of the respondents. But in all, the fact that they plan to, does not mean they would be willing to if they have the opportunity as the action is what really makes the difference.
If most of them are starting to accept Bitcoin rather than dollars or their Fiat I think this will help on a huge development of Bitcoin by the African people.
I am very excited about those numbers, and the fact that they are already accepting crypto payments there
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
i doubt that will work long, i mean tons of propaganda coins...
how long does a population stay that stupid working for those, why not just join making your own.
sooner or later we will get tower of babel here.
Their infrastructure does not catch up with our level in order to fully participate in the crypto world, but only a few people who can afford the Internet and the computer participate.
I do have many south african friends who are in to crypto and they are into multiple crypto programs . cyrpto currencies trading is legal in south africa.
Cryptos are becoming a very big deal to many young Africans who are trying to find ways to escape poverty in their lives. South Africa, Nigeria and Ghana are leading when it comes to crypto related business. I am very excited about those numbers, and the fact that they are already accepting crypto payments there
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
As what I have thinking before that Bitcoin is for all, it depends upon the government how they adopt and accept of Bitcoin to the government become benefited taxes generated from bitcoin. The problem of those who are not accepting for legalization of Bitcoin is only for the people who have thier self interest not to become progressive economic growth of government. I'm very happy for that good news to the people of South Africa are aware and some of them are accepting payment from bitcoin.
I've spoken to a few South Africans before about Bitcoins, and it seems that the general consensus is that they can earn more than minimum wage in Bitcoin just, because they aren't suppressed by their local pay brackets. This seems to be a common thing too that poorer areas are much more likely to be involved in Bitcoin, because they see it as a way to bypass traditional limits.
From the survey, it is clear South Africans are already embracing digital currencies though sometimes these survey might not be the true reflection of how things are there. I know gradually digital currencies will be accepted in other African countries and the world at large, this is the technology that no one can hold back.
South Africa has a huge potential ; it is true statement but I would like to add that not only South Africa but entire Africa has huge potential. At present most of the people are using Bank currency and slowly are being diverted towards the usage of digital currency. As more and more people will use digital currency; they they will know about crypto and will definitely start using crypto too because of the benefits of using crypto.
Also I would like to add that Asia, Latin America also have much potential.
Also I would like to add that Asia, Latin America also have much potential.
I do have many south african friends who are in to crypto and they are into multiple crypto programs . cyrpto currencies trading is legal in south africa.
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This is great news! Half of the population is a huge number, but I don’t trust surveys that much. Nevertheless, if the survey says 47%, I’m sure it will be an important percentage of the population.
I am very excited about those numbers, and the fact that they are already accepting crypto payments there
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
https://www.ccn.com/47-of-south-africans-plan-to-invest-in-cryptocurrencies/
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