May 27, 2019 23:30 UTC
Jun 3, 2019 at 19:10 UTC
Is The South African President’s Son Promoting Bitcoin?
Cyril Ramaphosa was sworn in in his office as the sixth democratically-elected president of South Africa on Friday. But That wasn’t the only thing people noticed during his swearing-in ceremony. What caught the attention of many crypto enthusiasts was something else. The president’s son Tumelo Ramaphosa, was spotted adorning Bitcoin-themed socks to his father’s event.
The eye-catching piece of clothing was first pointed out by Ran NeuNer, the host of popular show CNBC’s Crypto Trader on Twitter. The president’s son pulled off the striking orange logo of Bitcoin in style. In fact, it was not the first time he has been caught in Bitcoin wear. Another Twitter user noted he has also worn clothing promoting bitcoins at other events too.
Ramaphosa believes in cryptocurrency’s potential to change the stagnant and primitive financial scenario in the continent. Around 80 per cent of the population of Sub-Saharan Africa does not use formal or semi-formal financial services — the highest proportion in the world.
If reports are to be believed he claims to have founded bitcoin in 2010. Since then, he has been an outspoken organizer and conservationist
He has been working on plans of digitization of cattle ownership and other assets for locals through the StudEx startup in a bid to fight rising prices of livestock and rare animals. He also plans to help launch a blockchain-focused university for young entrepreneurs in South Africa. He hopes that through education, South Africa and the rest of the continent can build a bridge to the thriving blockchain industry in the United States and elsewhere.
He also organized the Unlocking Blockchain Africa Conference in Johannesburg in August 2018.
Thus, it should come as no surprise that he wore statement Bitcoin accessory to his father’s swearing-in ceremony.