The popularity of cryptocurrency is not just restricted to Europe, Asia, and North America. South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018.
Booming Cryptocurrency Exchange Market
The South African economy has struggled for the most of 2018. The rand (the country’s) fiat currency hit a six-month low in June, amid massive selloffs in the emerging markets. As a result, many South Africans have increased their focus on cryptocurrency with a particular interest in Bitcoin.