38. Bitcoin in South Africa: A Growing Ecosystem

In South Africa, Bitcoin is being used as an alternative to traditional financial systems, especially in rural areas where banking services are limited.

South African citizens are increasingly using Bitcoin to carry out international transactions, due to the high fees and barriers associated with the local banking system.

At the same time, South Africa has seen the emergence of several start-ups specializing in cryptocurrency services, contributing to the growth of the local ecosystem.

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