Pick n Pay Embraces Bitcoin at 1,500 Stores Nationwide

After a three-month period, South African supermarket chain Pick n Pay has accepted Bitcoin payments over the Lightning Network on a national scale.

Posted by by Godfrey Mwirigi
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  1. 1,500 Pick n Pay locations have accepted Bitcoin.
  2. Pnp Express and Pick n Pay Clothing are among the retailers marketing the new venture.
  3. Electrum and Pick n Pay provided Bitcoin as a payment option.

In a recent tweet, CryptoConvert revealed that its CryptoQR platform, which enables customers to pay with Bitcoin utilizing the Lightning network, is now operational at all Pick n Pay locations throughout South Africa.

Among the stores participating in the launch are PnP Express and Pick n Pay Clothing. The ability to pay with Bitcoin wallets at Pick n Pay locations demonstrates the company’s dedication to making shopping as easy and stress-free as possible for its customers.

It all started last November when Pick n Pay rolled out its Bitcoin payments pilot to 39 locations.

With the help of blockchain firm Electrum, the merchant successfully integrated Bitcoin payments into its payment system. Electrum’s payment platform integrates with CryptoConvert and Pick n Pay to facilitate Bitcoin Lightning transactions at checkout.

“We are excited to announce this partnership with Electrum and offer our customers the option to pay using the cryptocurrency of their choice,” said Pick n Pay’s Chief Digital Officer, Thapelo Phokaner. “This move aligns with our focus on innovation and providing customers with the latest technology in an ever-changing digital landscape.”

All a consumer needs to pay using Bitcoin is a CryptoQR scanner software by Crptoconvert, which is connected to the Bitcoin Lightning Wallet. To make a purchase, customers first need to use the CryptoQR app to scan the item’s QR code, and then they can go to the Lightning Wallet to affirm the rate and finish the transaction.

In conclusion, Bitcoin’s Lightning Network is an add-on scaling layer that provides quick transactions at cheaper rates.  Regular Bitcoin blockchain transactions may take up to an hour to settle, based on the receiver’s desired level of certainty that the transaction is real. If the blockchain is overloaded, transactions may potentially increase in price.

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Godfrey Mwirigi Posted by —

programmer & freelance writer

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.