Leading South African Retailer Pick n Pay Starts Accepting Bitcoin
Currently 39 Pick n Pay stores are testing the payment method, with plans to roll it out to all stores in the coming months, Sunday Times reports.Customers in South Africa can now use their bitcoin to purchase regular daily goods at a local food retailer.Pick n Pay, one of South Africa’s largest retailers, has started rolling out Bitcoin payments in its stores, extending a pilot that began with 10 locations five months ago to a total of 39, local news outlet Sunday Times reported. The retailer said it plans to enable the payment option on all of its stores in coming months.In....
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Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses the Bitcoin Lightning Network which is said to be suitable for “high volume, low-value transactions.”
2017 Trial Served as Proof of Concept
The South African grocery retail giant, Pick n Pay, announced on Nov.1, 2022, that some of its stores — about 39 — are now accepting bitcoin (BTC) payments. The retailer also said it plans to enable crypto payments in all its stores....
The company said it will allow customers to pay with any bitcoin lightning-enabled app and QR codes for speedy payments. Pick n Pay, one of South Africa’s largest supermarket chains, is set to allow its customers to pay for items in all its stores using Bitcoin.According to South African-based tech news outlet Tech Central, Pick N Pay is planning to roll out its cryptocurrency payments service to its stores nationwide in the coming months, after years of experimentation in select stores. The supermarket chain allegedly started experimenting with Bitcoin payments five years ago in Cape....
"Freedom Day means you are free to use your own money to live your best life," said BitcoinZAR, a Bitcoin advocate in South Africa. On Wednesday, South Africa celebrated Freedom Day, which honors the country's first post-apartheid democratic election in 1994.Cointelegraph reached out to different notable individuals in the South African crypto community to see what the holiday meant to them. BitcoinZAR, a Bitcoin advocate in South Africa, noted that "Freedom Day means you are free to use your own money to live your best life," adding:“We are free on Freedom Day to choose Bitcoin instead of....
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms to trade or store their crypto assets. Lack of Guidance Blamed Lobban’s warning follows reports earlier in the year which suggested that changes to South African tax laws may have made it “easier for SARS to secure criminal convictions for....
The ‘Blockchain and Bitcoin Africa” conference, that took place in Johannesburg on March 3-4, has raised the awareness level of Bitcoin in Africa. In South Africa, the latest developments show that 2016 may become the greatest year so far for the cryptocurrency. Busy year from Kenya to Zimbabwe. Bitcoin users in Africa as a whole have been quite conservative. The level of acceptance of cryptocurrency in Africa has been very low when compared to other parts of the world. Nevertheless, awareness and usership of the cryptocurrency keeps increasing. The year 2016 has seen increased activity....