Bitcoin adoption is driven not by theoretical advantages but by practical solutions to tangible problems, like savings and control over personal finances in underserved communities.
Hermann Vivier highlighted that many in South Africa face exploitative credit schemes with hidden fees. The inability of merchants to withdraw hidden costs makes Bitcoin a safer alternative.
Residents often engage in layaway programs unaware of exploitative fees that increase over time. Bitcoin’s structure offers a transparent solution, empowering users.
The lack of trust in banks and the prevalence of hidden fees in South Africa demonstrate the urgent need for financial alternatives that Bitcoin can provide.
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