@EdwardthembaSa ππmade me think of the day we were late for school. We lived on Lisbon farm, but school was Skukuza primary. Same thing, elephant bull walking in the middle of the road! We reversing, until the Blue Ribbon truck came along!ππ
BITCOIN ON THE AIR! Our CEO @carelvwyk chatted to @Ryk_van_Niekerk on @moneyweb this week about the the growing adoption of Bitcoin payment solutions in South Africa's retail space. Thanks for the airtime! https://t.co/CXSBpqxS0U #bitcoinadoption
You've heard the news that you can now pay with Bitcoin all over South Africa but wondering how this actually works?!
Check how easy and fast the process really is:
1. Open the @MoneyBadgerPay app
2. Scan the QR code (Scan to Pay)
3. Add a tip π
4. Process the payment via your Bitcoin wallet
... And DONE! Enjoy your purchase β
#payingwithbitcoin #keepingitreal
@banngaofficial@BootleggerCC
Bitcoin as a medium of exchange in South Africa
Many of you may know that Pick βn Pay has allowed customers to pay with Bitcoin for years, becoming the first major retailer in Africa to do so through a partnership with MoneyBadger.
However, beyond Pick n Pay in those early days, there werenβt many businesses across the country accepting BTC as payment, apart from a handful of small, independent ones.
Thatβs changing.
A narrative shift is underway in SA. People are no longer asking, βWhere can I spend my Bitcoin?β But rather: βHow can I spend it?β
That shift is driven in large part by MoneyBadger, which has partnered with several big payment platforms. Not only have they integrated with Yoyo, with Bootlegger currently the only merchant activated via that integration, but also with PeachPayments, Zapper, and Scan to Pay.
These integrations enable customers to pay in Bitcoin at hundreds of thousands of stores nationwide, including Checkers, Engen, Makro, and Vodacom. Put simply, you can now pretty much live on a Bitcoin standard in SA, paying for everything from groceries to fuel.
Simply ask for the QR payment option at checkout. Then, assuming payment is available via one of the integrations mentioned above, scan the code using MoneyBadger, which then connects to your chosen Lightning wallet, like Blink .
Note: You can also scan and pay directly using Luno, VALR, or Binance at Bootlegger, Zapper, or Pick n Pay Stores, as well as Luno and VALR at Scan to Pay-enabled merchants.
If youβre wondering what that looks like in real life, hereβs a quick video from @RealKWINANA showing a Bitcoin payment through MoneyBadger:
https://t.co/9QC4zG44L8
To show you just how real this is, Iβve also included a list of everything Iβve paid for in Bitcoin for October so far (receipts attached):
- Breakfast at Our Local, Gardens, CPT
- Coffee at Tamboersinkel, Tamboerskloof, CPT
- Groceries at Pick n Pay, Gardens, CPT
- Medicine at Checkers, Kloof Street, CPT
- Socks at Burnt, Waterfront, CPT
- Parking ticket, Waterfront, CPT
- Fuel at Engen, Oranjezicht, CPT
- Lunch at Terbodore, Franschhoek
- A few items at Checkers, Kloof Street, CPT
Please note: The ability to scan Snapscan codes and pay with Bitcoin has been temporarily disabled for an unknown reason. If you want this to be enabled, please complete the form found in the comments.
Over to you. Have you bought something with Bitcoin yet? Drop your list below. @MoneyBadgerPay@blinkbtc
Big news! ππΏπ¦
MoneyBadger just unlocked Bitcoin payments at 650,000+ merchant locations across South Africa through our Scan to Pay partnership.
Scan to Pay enables 94 PSPs and Integrators, 18 Fintechs and 4 Banks in South Africa. In 2024, Scan to Pay Successfully processed transactions to the total of R7.6 billion. In 2024, Scan to Pay achieved a 44% increase in successful eCommerce transactions, with an average transaction value rising by 38.5% per transaction. In 2024, a Total of 44 Million in transactions successfully processed and achieved a 70% user retention rate over the last 24 months.
Your morning coffee? Bitcoin. Fuel? Bitcoin. Groceries? Bitcoin.
South Africans are moving from holding Bitcoin to spending Bitcoin. This is mass adoption in action.
Read more: https://t.co/ctvaTspt7l
REVOLUT PICKS SA FOR ITS FIRST BRANCH IN AFRICA
Revolut has chosen South Africa as its gateway into Africa, unveiling a bold R230-billion investment plan to reach 100 million users by 2027.
Backed by strong profits and valued at $75-billion, the fintech giant aims to disrupt traditional banks with innovative, customer-focused services.
Revolut will offer a full suite of financial products, directly challenging established lenders.
The fintech company promises banking that is faster, smarter, and ready for change.
Full story - https://t.co/1oywTkjiUh