Xoin introduces prepaid bitcoin to drive SA’s ecommerce and adoption

Bitcoin in Africa is brewing with potential. From Ghana to Kenya there are interesting startups trying to tackle the issue of remittances while in South Africa, popular payment gateway PayFast recently introduced bitcoin integration to over 30 000 of its ecommerce clients. Although this may be very exciting, the adoption rate of the cryptocurrency is still very slow due to an abundance of misconceptions and a lack of infrastructure.

South African startup Xoin (pronounced with the Xhosa click) is hoping to drive bitcoin adoption in order to give the country’s underbanked and untapped markets a voice. It’s planning to do so by introducing bitcoin prepaid vouchers or gift cards with which people can easily buy the digital currency with cash.

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