The South African retailer Pick N Pay now accepts payments via BTC in all of its shops - Africa

Pick n Pay, one of the leading retailers of South Africa, is reportedly accepting Bitcoin as a means of payment in all of its shops across the country. Via the Bitcoin lightning network, Pick N Pay customers can now buy articles such as food, broadcast time and electricity brands.

use bitcoin for daily purchase

Just a few months after he started accepting Bitcoin payments in selected sales outlets, the South African retailer Pick N Pay (PNP) reports Bitcoin in his more than 1,500 shops across the country. According to reports, PNP customers can now buy food, broadcast time and electricity via the Bitcoin lightning network.

as by bitcoin.com news was registered in November 2022 Acceptance of Bitcoin as a means of payment by the South African retail giant through the decision of the Financial Sector Conduct Authority (FSCA) enables crypto a to explain Financial product . Pnp previously said that it experimented bitcoin payments in one of its company canteens in 2017, the retailer said that the retailer was Technology was apparently not cost -effective at this point.

Breaking: 🇿🇦 one of the largest retailers in South Africa, Pick n Pay, now officially accepts #bitcoin and flash payments in all of his over 1,500 shops 🙌

-Bitcoin-Magazin (@BitcoinMagazine) 1. February 2023

In response to the announcement, Crypto QR, a crypto payment company based in South Africa, welcomed PNP's step, which enables the residents to use Bitcoin for everyday purchases.

"Good news, people! Crypto QR is now active in all pick-n-pay stores all over South Africa, including PNP express and clothing shops! You can also buy broadcast time and electricity, flight and bus tickets and pay your municipal invoices with Bitcoin at the cash register," said Crypto QR in a tweet.

The legitimate use of Bitcoin in a business

In the meantime, some Twitter users PNP have praised the fact that it has taken a step that helps those who want to promote the use and introduction of Bitcoin as an alternative payment method. A user, Kelly Yanes, said this was the first time that she "saw the legitimate use of Bitcoin personally in a public place and in a shop".

to bitcoin to buy things is a terrible idea. Seconds after you have bought something, it can climb and you have paid too much a ton

- no filterofluff (@7th_rule) 2. February 2023

However, some other users quickly referred to the disadvantages of using the crypto asset for everyday purchases.

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and writer from Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

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