Pick & Pay, one of South Africa's largest grocery chains, said on Tuesday that it will soon begin accepting cryptocurrency at 39 of its stores across the country.
The payment will be performed using any lightning network-enabled app, which is a layer 2 scaling mechanism for the Bitcoin blockchain that is widely utilized by merchants due to its rapid transaction speed and cheap transaction charge.
“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.
Source: https://mycryptoparadise.com/pick-n-pay-south-african-supermarket-now-accepts-bitcoin-as-payments/