But it 's not the only place South Africans can spend their Bitcoin . It costs less to send Bitcoins overseas than traditional money . In Bitcoin , 5 % of the population do n't have a bank account . African services like BitPesa and Beam convert Bitcoin to local currencies . Established money transfer players pose a challenge to Sub-Saharan Africa .
It costs less to send Bitcoins overseas than traditional money . In Bitcoin , 5 % of the population do n't have a bank account . African services like BitPesa and Beam convert Bitcoin to local currencies . Established money transfer players pose a challenge to Sub-Saharan Africa .