It costs less to send Bitcoins overseas than traditional money . In Sub - Saharan Africa , 75 % of the population do n't have a bank account . But not everyone is so optimistic about Bitcoin 's future in Africa . African services like Beam and BitPesa convert Bitcoin to local currency . Established money transfer networks pose a threat to Bitcoin .
It costs less to send Bitcoins overseas than traditional money . In Sub - Saharan Africa , 75 % of the population do n't have a bank account . African services like Beam and BitPesa convert Bitcoin to local currency . Established money transfer networks pose a threat to Bitcoin .