{"id":17240,"date":"2023-02-03T13:17:50","date_gmt":"2023-02-03T13:17:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-african-retailer-pick-n-pay-now-accepting-payments-via-btc-at-all-its-stores-africa-bitcoin-news\/"},"modified":"2023-02-03T13:17:50","modified_gmt":"2023-02-03T13:17:50","slug":"south-african-retailer-pick-n-pay-now-accepting-payments-via-btc-at-all-its-stores-africa-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-african-retailer-pick-n-pay-now-accepting-payments-via-btc-at-all-its-stores-africa-bitcoin-news\/","title":{"rendered":"South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores \u2013 Africa Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Pick n Pay, one of South Africa\u2019s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay\u2019s customers can now buy items such as groceries, airtime and electricity tokens. <\/strong><\/p>\n

Using BTC<\/a> for Everyday Purchases<\/h2>\n

Just a few months after it began accepting bitcoin payments at selected outlets, the South African retailer, Pick n Pay (PNP) now reportedly accepts bitcoin at its more than 1,500 stores across the country. According to reports, PNP customers can now buy groceries, airtime and electricity using the bitcoin lightning network.<\/p>\n

As reported<\/a> by Bitcoin.com News in Nov. 2022, the South African retail giant\u2019s acceptance of bitcoin as a means of payment was made possible by the Financial Sector Conduct Authority (FSCA)\u2019s decision to declare crypto a financial product<\/a>. Before that, PNP said it had experimented with BTC<\/a> payments at one of its staff canteens in 2017. While the experiments were successful the retailer said using the technology was at that time seemingly not cost-effective.<\/p>\n

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BREAKING: \ud83c\uddff\ud83c\udde6 One of South Africa’s largest retailers, Pick n Pay, now officially accepts #Bitcoin<\/a> and Lightning payments in ALL of its over 1,500 stores \ud83d\ude4c<\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) February 1, 2023<\/a><\/p>\n<\/blockquote>\n

Reacting to the announcement, Crypto QR, a South Africa-based crypto payments firm, saluted PNP\u2019s move which allows residents to use bitcoin for everyday purchases.<\/p>\n

\u201cGood news, everyone! Crypto QR is now active at all Pick-n-Pay stores across South Africa, including PnP express and clothing shops! You can also buy airtime and electricity, plane and bus tickets, and pay your municipal bills with Bitcoin at the till, \u201cCrypto QR said in a tweet.<\/p>\n

The Legitimate Use of Bitcoin in a Store<\/h2>\n

Meanwhile, some Twitter users have lauded PNP for taking a step that helps those seeking to promote the use and adoption of bitcoin as an alternative payment method. One user Kelly Yanes said this is the first time she has \u201cseen legitimate uses of bitcoin in person at a public space and store.\u201d<\/p>\n

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Until BTC<\/a> stabilizes in price using it to buy things is a horrible idea. Seconds after you buy something it can go up and you overpaid a ton<\/p>\n

\u2014 NoFilterNoFluff (@7th_Rule) February 2, 2023<\/a><\/p>\n<\/blockquote>\n

However, a few other users were quick to highlight the disadvantages of using the crypto asset for everyday purchases.<\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/em><\/strong><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Sunshine Seeds \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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