The trend towards crypto money is increasing in African countries. The reasons and details behind this trend are in our news
The use of Bitcoin is increasing in these countries
Bitcoin usage rates in African countries are becoming widespread as Africans consider Bitcoin as an alternative retirement income source. In African continent countries grappling with high inflation and unstable currencies, decentralized and inflation-resistant Bitcoin is seen as a safer source to contribute to retirement.
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According to local sources, this shift towards Bitcoin is happening more intensely in countries like South Africa, where traditional pension funds have historically suffered from fraud and instability. The report, based on analysis by a crypto startup Yellow Card, states that many people use Bitcoin as a safer source to contribute to retirement, especially in countries with instability such as South Africa. It is emphasized that the reliability of long-term investments is still not fully ensured, but investors should consider all alternatives when planning retirement.
Meanwhile, the findings of the analysis by Yellow Card show that Bitcoin is a cheaper option for sales and remittance payments in African countries. shows that there is an alternative. At the same time, the analysis also shows that many users see Bitcoin as a viable investment and as a way to generate additional income.. The adoption rate of Bitcoin is increasing day by day in similar countries with economic problems.. In countries where economic fluctuations have high inflation rates, investors have recently seen cryptocurrencies as safer.
Similarly, the use of Bitcoin is becoming more common in countries with hyperinflation such as Venezuela.. Instability causes investors to turn to cryptocurrencies.