Pick n Pay has partnered with Electrum and CryptoConvert on its latest pilot. Electrum’s payment platform connects Cryptoconvert and Pick n Pay, letting customers pay with the Bitcoin Lightning technology at the till point.
Dave Glass, CEO of Electrum, says that “as a key technology provider, Electrum has a long history of partnering with Pick n Pay to bring innovative payment solutions to South Africans. We are on a mission to open alternative payments for customers and are thrilled to be helping Pick n Pay operate in this exciting world of cryptocurrency payments.”
Carel van Wyk, Founder at CryptoConvert– which allows merchants to accept crypto payments – says that Blockchain technology and the systems it enables, like the Lightning Network, are rapidly evolving to help faster, cheaper transactions and more price-stable tokens (in satoshi, the smallest unit of Bitcoin currency).
“Crypto payments are still in their infancy in South Africa, but we are already seeing adoption in parts of our society that haven’t previously had access to traditional financial systems.”
“Cryptocurrency combines the convenience of cash with the safety and security of electronic identification measures, like biometrics and cryptographic encryption. It is also cheaper than credit cards or the cost of cash handling. But more importantly, it is a digital payment that is open to anyone, including those unable to use traditional digital payment options. And we’ve seen the benefits it has opened up, as evidenced by the trial with Bitcoin Ekasi,” says van Wyk.
List of participating stores piloting this service: https://www.cryptoconvert.co.za/pnp/
- Langeberg Mall, Mosselbay
- Sedgefield
- Stellenbosch Central and Stellenbosch Square
- Paarl Mall
- Willowbridge
- Local Big Bay
- Table Bay Mall
- Cavendish
- Kenilworth
- Kenilworth Campus
- Kenilworth Pam Golding
- Seapoint
- Waterfront
- Mall of Africa
- Mall of the North
- Mall of the South
- Menlyn Mall
- Nelspruit
- PnP on Nicol
- Liberty Midlands Mall
- The Pavilion
- Tshwane Mall
- Beacon Bay
- Uitenhage
- Bedfordview
- Centurion
- Fourways Mall
- PnP Qualisave Carlton Centre
- PnP Qualisave Diepsloot
- PnP Qualisave Midrand
- PnP Qualisave Rustenburg
- PnP Qualisave Commercial Road
- PnP Qualisave North Beach
- PnP Qualisave The Workshop
- PnP Qualisave Goodwood
- Hyper Bloemfontein
- Hyper Durban North
- Hyper Northgate
- Hyper Ottery
