Topic: South Africa's Super market started accepting bitcoin (Read 1085 times)
That's great news and also good news for the cryto world. The more countries that are accepting Bitcoin the better the investment because the farther and bigger its circulation will be. And more investors would be able to know Bitcoin also all over the world.
This is a very lovely news. If we start seeing so many merchants accepting bitcoin soon, we may start sighting the moon anytime soon. Over time as people keep getting aware and as transactions keep multiplying, I believe merchants will find a way to most definitely incorporate bitcoin into their payment system.
Good news like this will also make users of such stores understand the value of bitcoin and why they should have some. However, I hope the fee won't be a major issue with that playing out.
Good news like this will also make users of such stores understand the value of bitcoin and why they should have some. However, I hope the fee won't be a major issue with that playing out.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
This is such a misleading title I don't know why you started it. Only to gain attention?
FIRST.
From your own post.
"That initiative was limited to a staff cafeteria".
The supermarket has never accepted bitcoin payments. The internal cafeteria is something else.
SECOND.
From your own post.
"but it doesn't plan to roll out the option to its stores anytime soon"
So they don't plan on accepting bitcoin payments.
Why did you even start this topic?
Probably just quoting from a news source but yes the source itself was misleading, and I saw an article already clarifying it. The supermarket owners must have somewhat panicked when all the headlines screamed "accepting" in a regime where Bitcoin is still viewed by the central bank with a lot of deep suspicions. The acceptable way since 2014 (even with Standard Bank) is to "trial" Bitcoin. And I believe what the news somewhat leaked is that Pick n Pay is one of those in the limited trial group that the central bank recently started.
This is great! .even if still on test pace.this is a good start that will surely give a good sight for every company wanted to adapt bitcoin as payment method.
Does Data and statistic that will be collected can make a huge contribution to make a further study and consider the option to make it on regular basis. I hope it will keep on going and make the operation officially adapt.
Many companies allowed bitcoin because bitcoin is future currency and it will break many records of other currencies because a single bitcoin can reduce poverty and make you rich therefore companies allowing bitcoin as payment method. Does Data and statistic that will be collected can make a huge contribution to make a further study and consider the option to make it on regular basis. I hope it will keep on going and make the operation officially adapt.
We will all agree that it is a great news for everyone. Many countries are starting to adapt bitcoin already. Even the fresh news in the Philippines that BSP is already adapting and were open to the view of using bitcoin as mode of payment not just for bulky goods but for retails as well. If there will be more countries adapting bitcoin the price will also rise.
Well I agree I think thats the reason why Bitcoin is not banned here in the Philippines , Government see bitcoin ad one of the greatest contributor in near future in which can change our economic state by being one of the currency that is being use in near future , and it eill help bitcoin as well and all of the forum user to gain higher amount of profit.
Very happy to hear this news, I hope more and more supermarkets are receiving bitcoin directly so bitcoin users in South Africa all countries can get real benefits, I hope this can happen in my city soon.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
Receiving Bitcoin as one way of payment in our business, can be a solid marketing and promising at this time. It is predicted to make way for we in the face of competitors and improve our business performance.
Speaking of marketing strategies, it is now important for think ahead, and get to know the potential of Bitcoin and put it into our business payment system.
Embracing the power of new technologies, such as Bitcoin, will show customers about the prospects that we are always following the big things in the business world and today's technological advancements. The industry that run by receiving Bitcoin, could have put in a more successful position.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
Can you post the link of this news? I'm not familiar with Pick N Pay since I don't live in South Africa but this is a good news for us as they are now trying bitcoin payments for their business. Once it will be now implemented in the whole South Africa region then this will have a big impact in bitcoin. I guess they are also testing the blockchain technology as it's a very promising network for their business.
Me too. But anyways its good to hear that they are slowly adopting bitcoin as for payment, and since it has already started hopefully it will continue more further, hope there is no interruptions in that progress. Considering South Africa accepting bitcoin as payment is really a huge update.
There is still no final result for their test with bitcoin transactions but let's be optimistic with this thing as bitcoin will surely be adopted by the South African countries. It will also be an attractive word for the citizens there if they'll know that bitcoin can make them rich. But as of now, this is just about the adoption and the progress of bitcoin for the business of Pick n Pay. Waiting for a positive result.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
This is such a misleading title I don't know why you started it. Only to gain attention?
FIRST.
From your own post.
"That initiative was limited to a staff cafeteria".
The supermarket has never accepted bitcoin payments. The internal cafeteria is something else.
SECOND.
From your own post.
"but it doesn't plan to roll out the option to its stores anytime soon"
So they don't plan on accepting bitcoin payments.
Why did you even start this topic?
It is very good that more and more people trust him and start accepting him as a payment. I think soon in our country, too, you can pay for purchases using bitcoin.
That's a good news although it's only testing but we are surely in the right direction in term of mass adoption.
Even a little impact will help, maybe other countries will see how it goes in Africa then implement it on their country.
Nice to hear that. Hope other country accepting bitcoin, its so glad to be the part of that. Hope in phillippines accepting bitcoin already to be legal, very glad to be part of this .
But that just give a little impact to the crypto because the africa was having a little value, i mean in the economic comparing with the EU country or even the US and China market. As you rightly pointed out in Africa have their own payment system. They already use their mobile phones as wallets or credit cards. It was probably just a test and nothing more. I think each state will try to make my own e-currency and will never accept bitcoin.
This will defeat the purpose of bitcoin as a larger acceptance worldwide if every country either introduces their own coin and accepts that only as a payment this means in coming time bitcoin will not be used much and its value will only decline over a period of time if this starts to happen.
As you rightly pointed out in Africa have their own payment system. They already use their mobile phones as wallets or credit cards. It was probably just a test and nothing more. I think each state will try to make my own e-currency and will never accept bitcoin.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
I think that Bitcoin being accepted to South africa is a cery good thing it can at least in a way save the landscape of what china has done to erase bitcoin with its banning and closing of borders. And also this might be a stepping stone for other countries to start looking at bitcoin.
Nice to hear that. Hope other country accepting bitcoin, its so glad to be the part of that. Hope in phillippines accepting bitcoin already to be legal, very glad to be part of this .
But that just give a little impact to the crypto because the africa was having a little value, i mean in the economic comparing with the EU country or even the US and China market. 
This is expected because we all know that bitcoin is rocking all of the investors mind. also this cryptocurrency is like a gold wait more than gold, 6000$ before the year ends for sure. invest now and earned later 
Nice to hear that. Hope other country accepting bitcoin, its so glad to be the part of that. Hope in phillippines accepting bitcoin already to be legal, very glad to be part of this .
It is kind of funny to see China imposing lots of rules and regulations and maybe even ban on bitcoin, but other countries are trying to accept bitcoin more and encourage their citizens to spend bitcoin in their daily life. It is good to see more and more countries accepting bitcoin as this will surely help bitcoin usage volume to grow in the future.
South Africa's second-largest supermarket chain tested bitcoin payments earlier this year – but it doesn't plan to roll out the option to its stores anytime soon, according to its CEO.
Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
This is a good news, We may have a long way to the Mainstream and Global acceptance of Bitcoin, with these steps we can totally create stepping stones for bitcoin's great future. But honestly, In my opinion, despite of this good news one of the problem that may encounter is the volatility of bitcoin and i think the prices should really change based on what the real time price of bitcoin. Pick n Pay, which operates in a number of African countries as well as South Africa, piloted a payment system in partnership with startups Electrum and Luno. That initiative was limited to a staff cafeteria, CEO Richard van Rensburg told BusinessDay in an interview, and is no longer active.
As for when the supermarket chain might expand the option to an actual storefront, van Rensburg demurred, pointing to a difficult regulatory environment as the root cause for hesitation.
Courtesy: Coindesk
Soon it will become in regular usage SA cities. Even you can expect bitcoin will be adopted in Wall mart, AL-Ghurair and many more soon.
Pass your suggestions about the super markets need to accept the bitcoin according to your view.
I would also like to see some links for this, South Africa is big country and how can super market start to accept bitcoins if government didn't legalize bitcoin? There is laws and regulations, I think that this decision about bitcoin acceptance is not supermarket and their CEOs. I would like bitcoin to be present everywhere, but we can't rush with some things and after many news here on forum I'm looking for more proofs.
One more thing is bothering me, South Africa wasn't so active in past few years on bitcoin stage, I mean nothing special from them or I'm missing something here. Just one more country like many others, bitcoin didn't have some spacial treatment there as I know.
One more thing is bothering me, South Africa wasn't so active in past few years on bitcoin stage, I mean nothing special from them or I'm missing something here. Just one more country like many others, bitcoin didn't have some spacial treatment there as I know.
Jump to: