South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all sto...
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....
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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 South African financial services giant, Nedbank, is reported to have acquired a village in the metaverse. The village will be used to showcase African creativity and to create experiences that “go beyond banking.” By securing a virtual property in Ubuntuland, Nedbank became one of the first financial institutions in Africa to embrace the metaverse.
Showcasing Africa’s Creativity
Nedbank, the South African financial services group, recently secured a “village” in the Ubuntuland metaverse which reportedly measures 12 by 12. By securing the....
It is always good to know how several banks around the world feel about Bitcoin, even though the outcome will be identical in most cases. The South African Reserve Bank does not consider Bitcoin and cryptocurrency legal tender, although that doesn’t make usage of these currencies illegal. South African Reserve Bank Creates Bitcoin “Grey Area.” A recent whitepaper by the South African Reserve Bank explains how Bitcoin and cryptocurrencies are not deemed legal tender in the country. However, contrary to popular belief, this does not mean the usage of Bitcoin is illegal in South Africa, as it....
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.
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....