South African retail chain Pick n Pay expands bitcoin payments to 39 stores (The tokenist)

South Africa-based grocery retail chain Pick n Pay announced it will start accepting crypto payments at all of its stores in the following months after a successful initial phase, Reuters reports. The move follows a recent decision by the South African financial regulator to declare crypto assets as a financial product, paving the way for their mainstream adoption in the country.

Pick n Pay Plans to Accept Crypto, Powered by Lightning Network

Pick n Pay, one of the largest grocery retailers in South Africa, said it will expand crypto payments to more stores after a successful pilot phase, according to Reuters. The retail chain first started using crypto payments in 10 of its stores in the Western Cape province over the past five months. Click here to read full article