Black_background_logo_BitcoinWorld-removebg-preview
Bitcoin News

Bitcoin Revolution Scheme In South Africa Gains Prominence

The South African version of the Bitcoin Revolution scheme, simply called “Bitcoin Revolution South Africa,” has recently been heavily promoted, with paid reviews on reputable websites such as the Associated Press News.

Promoters of this scheme claim that the platform is endorsed by famous South Africans to lure investors. Celebrities whose names and photos have been used for this purpose include comedian and actor Trevor Noah, President Cyril Ramaphosa, mining billionaire Patrice Motsepe, rugby star Naas Botha, and politician Pravin Gordhan.

The Bitcoin Revolution South Africa website is almost identical to the original Bitcoin Revolution website, which news.Bitcoin.com has already exposed as a scam. The only key difference is the addition of the word “South Africa” to various texts of the site. Bitcoin Revolution South Africa advertises “an automatic trading system,” allowing members to earn significant income working about 20 minutes a day or less, its website details.

The top of the website displays the message: “Bitcoin Revolution App South Africa Earn $1300 in [the] next 24 hours with this secret Patrice Motsepe system with your small investment today.” Motsepe is the founder and chairman of African Rainbow Minerals, who became a billionaire in 2008.

Another version of the site displays at the top: “You make $13000 in 24 hours using this secret Bitcoin Revolution South Africa system with your small investment easily today.” The site also claims: “Some members earned their first million within just 61 days.” To use the system, however, users must deposit $250 upfront.

Similar to Bitcoin Revolution’s website, the South African version warns that registration will soon close due to high demand. It displays the same video that features Microsoft co-founder Bill Gates, Virgin Group founder Richard Branson, and other famous people talking positively about bitcoin. The website also displays fake testimonials and fake live profit results.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.