South African Retail Giant Pick n Pay Expands Crypto Payments Pilot Project
Nov 4, 2022
Pick n Pay, arguably the largest grocery chain in South Africa, has announced that it is expanding a pilot program aimed at gradually introducing cryptocurrencies as another way through which its customers can pay for their purchases.
This change was announced a few weeks after the country’s Financial Sector Conduct Authority officially declared that cryptocurrency assets were now formally regarded as financial assets within the country. This declaration paved the way for such assets to start being regulated, and the move also opened the…
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