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Cryptocurrency is becoming money in South Africa | SA News


Crypto payments have exploded in South Africa over the last few years, and there is no doubt that they are becoming mainstream, VALR co-founder and CEO Farzam Ehsani has told MyBroadband.

However, some obstacles remain that hinder the widespread adoption of cryptocurrency for payments, such as the need for clarity and harmony in tax regulations.

Another challenge to enabling the use of cryptocurrency as money is education, Luno’s country manager for South Africa, Christo de Wit, said.

“Many potential users and…

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    They are trying to find out what period it came from.