South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets – Africa Bitcoin News

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.”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 payments.

While for many years crypto was something for specialists on their computers, or used by early adopters trying it out, things are changing. The Financial Sector Conduct Authority’s recent announcement paves the way for cryptocurrency as a mainstream method of payment. The retailer also noted that crypto is now being used by the unbanked “or by those wanting to pay and exchange money in a cheaper and convenient way.” According to Pick n Pay, several companies are similarly making it possible for their clients to pay using bitcoin.

To ensure that crypto payments would be affordable, Pick n Pay reportedly chose to use the Bitcoin Lightning Network . By using the LN — a layer two system on top of the Bitcoin network — makes “high volume, low-value transactions will promote financial inclusion” possible, the retailer reportedly said.Tags in this story

love seeing more and more retailers accept crypto. It's slowly pushing adoption of crypto the general public

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I also prefer to use cryptos. As it is said here, it is more convenient and cheaper to use cryptos.

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They should also accept payments in usdt

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Bitcoin not crypto - seriously guys, do the research

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South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwideThe supermarket chain allegedly experimented with Bitcoin payments for years before announcing plans for a nationwide rollout. Bitcoin is definitely not useful as payment because it has limited supply. It's a scarce asset. Who will want to exchange their scarce asset for day to day consumption! What else do they have to say? Could they say no? This is old news from 2019 when they initially started talking about this, it's 3 years later and still NOT accepting any form of crypto payments.
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