South Africans can now pay with crypto at 650K stores via Scan to Pay
A new integration allows South Africans to spend Bitcoin, stablecoins and other crypto directly at more than 650,000 merchants nationwide.
South Africans can now pay with cryptocurrency at thousands of retail stores nationwide, following a new partnership between QR payments provider Scan to Pay and Bitcoin payments company MoneyBadger.
According to a Tech Central report, the integration allows users of major exchanges, including Binance, Luno, Blink and VALR, to pay using Bitcoin (BTC), stablecoins and other crypto assets at over 650,000 Scan to Pay-enabled merchants.
Crypto holders can pay for their purchases through QR codes at checkout counters, while the merchants will receive the settlement in rand. The system works through the MoneyBadger platform, linking payments to users’ exchanges or Bitcoin Lightning accounts.