South Africa's PayFast Enables Bitcoin for 30,000 Merchants
There is more good news from South Africa as major payment gateway PayFast enables bitcoin access to over 30,000 online merchants, adding it as a payment option to its platform. The company has partnered with bitcoin exchange BitX to process the payments, allowing sellers to receive South African local currency (rand, or ZAR) and avoid bitcoin price volatility. Jonathan Smit, Managing Director and founder of PayFast, said: "We are not really sure what will happen with bitcoin going forward as it is still early days for the 'currency', but we're interested in contributing to the ecosystem....
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South Africa-based payment processor PayFast is taking a bold new step. The country's leading payment processor has announced that they have integrated support for bitcoin as a payment option for their more than 30,000 merchant clients. The program - which is currently in beta - will allow merchants to accept bitcoin payments from customers both locally and internationally. And much like BitPay and GoCoin, for example, will instantly convert to local currency once the payment has been completed. It's all coming together thanks to a partnership with South African bitcoin exchange BitX, and....
South African payments gateway PayFast added bitcoin as a payment method on its platform in July of last year, partnering with the BitX exchange and allowing buyers to make purchases using bitcoin at over 30,000 online sellers, who receive the South African currency rand in return. CoinTelegraph caught up with PayFast Managing Director Jonathan Smit to find out how it was going so far and what the future holds for bitcoin in Africa. “As far as bitcoin is concerned, remittances are far more interesting due to their transfers being virtually instant and borderless, which is very useful for....
Takealot, one of South Africa's largest e-commerce companies, has announced that it is now leveraging online payment processor PayFast's service to accept bitcoin payments. Launched in 2011, Takealot is a prominent company in South Africa's growing e-commerce space, having ranked fourth in a July poll conducted by South African online marketing firm research Columinate. Further, Takealot has raised $100m in funding to date to expand its operations. The company revealed the move to the bitcoin community on Twitter, citing customer feedback in its decision to implement digital currency....
Werner van Rooyen, head of Business Development and Growth at Bitx, the biggest Bitcoin exchange in South Africa in terms of user base and average trading volume, speaks with Cointelegraph about the penetration of Bitcoin in South Africa. Cointelegraph: How would you evaluate Bitcoin demand in South Africa? Werner van Rooyen: The demand for Bitcoin is based on the potential that the cryptocurrency has; either as an improved payment technology (means of payment) or as an alternative asset class (storage of wealth). CT: Could you paint a vivid picture of the Bitcoin Start-up landscape in....
South African payments provider Wallettec has partnered with BitPay to integrate bitcoin with its point-of-sale (POS) payment platform. The company worked with South African BitPay affiliate Bitcoin Payments to allow merchants using its platform to accept bitcoin payments via in-store POS devices. The new partnership is an important step forward in bringing bitcoin to brick-and-mortar retailers in South Africa. Wallettec's founder Johan Meyer told CoinDesk that "this is the first time anybody has integrated bitcoin point-of-sale and allowed merchants to accept bitcoin payments from almost....