The adoption of cryptocurrencies in developing countries has been well documented and the anomaly is often flagged that people who have less appear to take greater financial risks. Initial findings from South African startup Luno’s ‘Future of Money’ survey, which took the views of more than 7000 respondents across Europe, Africa and South-East Asia helps explain this phenomenon. As large global tech firms start to move into blockchain and altcoins, the research shows why early adopters, the most important audience for these firms, will probably come from emerging markets.
South African-based Bitcoin company, Centbee, announced today that it has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek. Ayre, who has invested £1 million (R18.3 million), announced that, “Centbee has a track record of making Bitcoin easily usable and accessible to everyone including merchants and consumers.” Centbee is a Bitcoin wallet provider that makes it easy for consumers to acquire, store and spend Bitcoin with retailers and other merchants.