Ethereum and Ripple are becoming more popular in South Africa

Overall, 11.3% of internet users in South Africa own cryptocurrencies. Of these cryptocurrency investors, 56.0% own Bitcoin. However, Ethereum and Ripple are also very popular in South Africa. For example, the adoption rates of Ethereum (31.5%) and Ripple (25.8%) are significantly higher than the global adoption of these two cryptocurrencies. That’s according to the Finder Crypto Adoption Index, which polled 2,003 internet users in South Africa in December 2021. Respondents were surveyed on a total of five cryptocurrencies (Bitcoin, Ethereum, Ripple, Dogecoin, Solana) and multiple responses were possible.

What is Ethereum (ETH)?

Ethereum is a cryptocurrency developed by the Russian-Canadian programmer Vitalik Buterin and his co-founders Mihai AlisieAnthony Di IorioCharles HoskinsonJoseph Lubin and Gavin Wood. Ethereums whitepaper was published in 2013 with proposals for a new cryptocurrency based on the idea of creating blockchain networks with a more general scripting language to develop multiple applications based on so-called smart contracts. After a token sale in 2014, the Ethereum project finally launched in 2015.

How to I buy Ethereum (ETH)?

You can buy Bitcoin (BTC) and other cryptocurrencies such as Cardano (ADA) or Ethereum (ETH) on so-called cryptocurrency exchange platforms, like Binance, Kraken or Coinbase.

Table & Chart Data

Source

Survey/Poll by

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Region

Africa

Release date

January 2022

Survey time period

December 2021

Additional Notes

Last updated January 22, 2022.

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