South Africa President’s Son Wears Bitcoin Socks to Swearing-In

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South Africa President's Son Wears Bitcoin Socks to Swearing-In

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It isn’t often that a country’s leader has the limelight taken away from them during their inauguration ceremony but that is exactly what happened to newly-elected South African president Cyril Ramaphosa on his swearing-in event on Friday when his son decided to wear Bitcoin-themed socks.

The eye-catching piece of clothing was first spotted by Ran NeuNer, the host of popular show CNBC’s Crypto Trader.

The son of South Africa’s president, Tumelo Ramaphosa, somehow managed to look fashionable with the rather noticeable socks sporting the orange Bitcoin logo. But apparently, this is not the first time he has been caught showing off Bitcoin wear, as another Twitter user, Silver Couch, found out:

BeinCrypto reports that the young man claims to have found Bitcoin in 2010 and 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.

South Africa itself has had several brushes with Bitcoin. A year ago, kidnappers attempted to ransom a young boy for Bitcoin, although the country has attempted to be warming up towards the currency. Earlier in January this year, the central bank in South Africa had decided to impose “limited regulations” on crypto exchanges in the country.

 

 

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