South Africans can now use cryptocurrencies for payments at over 650,000 retail locations, following a partnership between QR code payment provider Scan to Pay and Bitcoin payment company MoneyBadger. This integration allows users of major exchanges like Binance, Luno, Blink, and VALR to pay with Bitcoin, stablecoins, and other crypto assets. Payments are completed via QR codes, with merchants receiving settlements in rands. The system leverages the MoneyBadger platform, linking payments to users' exchange or Bitcoin Lightning Network accounts, facilitating crypto transactions for everyday purchases.
Scan to Pay Enables Crypto Payments at 650,000 South African Stores
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
