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Pick n Pay, South Africas retail giant, will accept Bitcoin in 1,628 of its stores.

image-Pick n Pay, South Africas retail giant, will accept Bitcoin in 1,628 of its stores.

March 6, 2023

After a three-month pilot testing period in 39 locations, South African grocery retailer Pick n Pay is now accepting Bitcoin in all 1,628 of its stores.

Customers will be able to use cryptocurrency to pay for goods in stores as part of a nationwide rollout by using smartphone apps or by scanning a QR code, and accepting the exchange rate for the South African rand at the time of payment.

Customers will require a Bitcoin Lightning Wallet in addition to the CryptoQR scanner app from CryptoConvert, which is connected to the Bitcoin Lightning Wallet, in order to make payments with BTC. Users must first scan an item’s QR code using the CryptoQR app before moving on to the Lightning Wallet to confirm the exchange rate and finish the transaction.

#Bitcoin #Business #Retail #SouthAfrica #Africa #Payments

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