South African “runner-up” retail business accepts Bitcoin payments

South African retail supermarket chain Pick n Pay accepts payments from any Lightning Network-enabled wallet commencing nowadays.

Pick n Pay, South Africa’s 2nd greatest retail supermarket chain, now will allow shoppers to spend with Bitcoin (BTC) by way of any Lightning Network-enabled app, the newspaper reviews. Times information.

Food retailer Pick n Pay to begin accepting cryptocurrency payments https://t.co/kAK6XPVJ5X pic.twitter.com/yosCU3T2bG

– Reuters (@Reuters) November 1, 2022

This payment system has been examined in ten shops more than the previous five months and is currently on the shelves of 39 shops nationwide.

Lightning Network is a layer two scaling remedy for Bitcoin that supports speedy and reputable off-chain payments, with out incorporating yet another layer to the network.

The fifty five-yr-outdated supermarket chain representative stated:

“Transactions are integrated as just and securely as swiping a debit or credit score card. The purchaser scans the QR code from the app and accepts the conversion fee on their mobile phone at the time of the transaction. The expense of the services per transaction is incredibly reduced, on common about four cents and will take much less than thirty seconds. ”

According to the report, Pick n Pay ideas to roll out the aforementioned payment system across all of its one,628 shops in the coming months.

McDonald’s also launched a equivalent move on October five. The multinational speedy meals chain has started off accepting Bitcoin (BTC) as a payment system in the Swiss city of Lugano, which is getting to be a hotspot for the adoption of cryptocurrencies in Western Europe.

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