Binance adds CryptoConvert support, enabling crypto payments at Pick n Pay

Jan

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World's biggest crypto exchange now supports payments at Pick n Pay

CryptoConvert has added support for crypto payments at Pick n Pay using digital currency stored in Binance wallets.

The addition of Binance — the world's biggest cryptocurrency exchange by trading volume — comes after South African exchanges Luno and VALR partnered with CryptoConvert in September 2023 to allow their customers to pay for their Pick n Pay purchases.
 
Anything, where a man poses like this, is a red flag:

World’s biggest crypto exchange now supports payments at Pick n Pay
 
excellent, but I reckon we have enough crypto exchanges supporting it in ZA now, what's more important is lining up more retailers
 
Are you saying that nobody puts crypto gains/losses on their tax return?
its playing with fire, I like to sleep at night, sars also covers my losses which are few and far between the threat of 200% penalty for avoidance no thanks...
 
Binance can generate an automatic tax report for you so I assume every transaction is recorded as a withdraw when you shop at pnp
 
Why would you spend an appreciating financial asset? What's next, is EasyEquities gonna make a feature to let me pay for my groceries in Tesla shares?
 
Why would you spend an appreciating financial asset? What's next, is EasyEquities gonna make a feature to let me pay for my groceries in Tesla shares?
Remind me what the point of an appreciating asset is if you never actually use / sell it? Also some people trade other crypto and if they exit the trade into BTC this probably makes spending easier than cashing out via exchange.
 
Why would you spend an appreciating financial asset? What's next, is EasyEquities gonna make a feature to let me pay for my groceries in Tesla shares?
Yep, it's a little strange.

This whole concept only makes sense when crypto gets treated at 0 tax/like a currency like in Germany or Malta etc. until then, I don't get why you'd take the risk when buying in a public setting like PnP.
 
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