South African Grocery Chain Pick n Pay to Start Accepting Bitcoin Payments

The grocery retail giant having completed the first phase of its pilot, will allow customers in some of its stores to take payments from any Lightning Network-enabled app.

It is reported that Pick n Pay; one of South Africa’s larest grocery store chain, will start accepting bitcoin/crypto payments.

The payment method is reported to have been tested in about 10 of its stores, over the past five months and it is now acceptable in 39 of its stores, across the country.

According to a spokesperson for the retailer, the transaction using this payment method, is as easy and secure as swiping a debit or credit card. Customers will scan a QR code from the app, and accept the rand conversion rate on their smartphone, at the time of the transaction.

The spokesperson added that the service fee for each transaction is minimal, and will cost the customer on average 70c (about 4 cents) and the process takes less than 30 seconds.

According to the report, the retail giant plans to roll out the payment method, to all of its 1,628 stores over the coming months.

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