CryptoConvert has added support for crypto payments at Pick n Pay using digital currency stored in Binance wallets.<\/p>\n
The addition of Binance \u2014 the world’s biggest cryptocurrency exchange by trading volume \u2014 comes after South African exchanges Luno and VALR partnered with CryptoConvert<\/strong><\/a> in September 2023 to allow their customers to pay for their Pick n Pay purchases.<\/p>\n CryptoConvert first partnered with Pick n Pay last year to trial crypto payments. As of February this year, over 1,500 Pick n Pay stores accept crypto payments.<\/p>\n Binance said it was “over the Moon” to announce its partnership with CryptoConvert, which will enable its customers to make secure, cashless, and contactless payments at all Pick n Pay till points.<\/p>\n Binance said although it was not the first to announce this partnership, the move was still a stellar announcement for its users.<\/p>\n “Binance firmly believes that when it comes to partnerships, it’s better to arrive fashionably late than to never show up at all,” the exchange said.<\/p>\n To make payments via Binance Pay at Pick n Pay, users must download and install the CryptoQR app on their smartphone and link their Binance wallet.<\/p>\n To pay for your items, you must use the contactless QR option, typically option two on payment terminals. You can then scan the QR code with your CryptoQR app to pay.<\/p>\n “CryptoQR will scan the QR code and open your Binance wallet for you to complete the payment,” Binance said.<\/p>\n Binance said the strategic partnership signalled a “significant stride” toward cryptocurrency adoption.<\/p>\n “As one of the largest exchanges by volume and the first major crypto exchange to offer the option of buying groceries with cryptocurrency [outside of South Africa], this move will not only restore trust in the industry but also pave the way for long-term growth,” Binance said.<\/p>\n CryptoConvert’s Carel van Wyk said the partnership would ensure swift and efficient transactions within seconds.<\/p>\n Binance Southern Africa general manager Hannes Wessels said the partnership exemplified the “rapidly growing trend” towards adopting cryptocurrency as a mainstream payment method.<\/p>\n According to Wessels, nearly 75% of retailers plan to accept cryptocurrency payments within the next two years.<\/p>\n Wessels added that Binance Pay was designed and evaluated by some of the foremost leading global security experts to ensure a highly secure transaction process.<\/p>\n However, he cautioned that customers exercise the same care when using Binance Pay as they would with their Internet banking app.<\/p>\n To safeguard your Binance Pay funds, it’s essential to exercise the same caution as you would with your Internet banking app.<\/p>\n Binance customers can now use crypto stored in their wallets to pay for their Pick n Pay purchases.<\/p>\n","protected":false},"author":23,"featured_media":517547,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[49375,91135,91137,91139,82435,35,5380],"class_list":["post-517543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-binance","tag-binance-pay","tag-crypto-payments","tag-crypto-wallets","tag-cryptoconvert","tag-headline","tag-pick-n-pay"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/517543"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=517543"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/517543\/revisions"}],"predecessor-version":[{"id":517557,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/517543\/revisions\/517557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/517547"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=517543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=517543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=517543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}More retailers planning to accept crypto payments<\/h2>\n
\nNow read: Terra co-founder will be extradited to face fraud charges<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"