Pick n Pay South African Supermarket Now Accepts Bitcoin as Payments

November 2, 2022

Reading Time: 2 minutes

According to a Tuesday statement, Pick n Pay, one of the leading South African supermarket chains will soon begin to accept crypto in 39 stores across the country.

The payment will be made via any lightning network-enabled app, a layer 2 scaling tool for the Bitcoin blockchain, it is used by many merchants because of the fast speed of transactions and its low transaction fee.

“The transaction is as easy and secure as swiping a debit or credit card. Customers scan a QR code from the app and accept the rand conversion rate on their smartphone at the time of the transaction,” a spokesperson for Pick n Pay said in the report, referring to South Africa’s currency.

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

The report also added that the supermarket will roll out the payment option to all of its stores soon.

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