There’s a lot of chatter about Bitcoin in South Africa doing the rounds on and off the internet. The digital currency is fast gaining the attention of tech hobbyists and professionals, the media and, yes, financial regulators too. But the real question is whether there is a future for Bitcoin in South Africa.

Glossary of Bitcoin Terms

Bitcoin provides a new approach to payments and, as such, there are some new words that might become a part of your vocabulary. Don't worry, even the humble television created new words!


Blockchain. Remember the word and what it means. Whether you’re transacting with Bitcoin, own or plan to own property, or see yourself investing in AI tech in the future, it seems the blockchain could get hardwired into everyday life.

If you are about to explore Bitcoin, there are a few things you should know. Bitcoin lets you exchange money in a different way than with usual banks. As such, you should take time to inform yourself before using Bitcoin for any serious transaction. Bitcoin should be treated with the same care as your regular wallet, or even more in some cases!