Peach Payments Partners with MoneyBadger to Enable Crypto Payments in SA
- 68% of South Africans own or have bought Bitcoin, showcasing high adoption rates.
- Peach Payments partnered with MoneyBadger to enable merchants to accept Bitcoin payments.
- Pick n Pay became the first African retailer to offer Bitcoin payments at the till in early 2023.
The increasing adoption of Bitcoin in South Africa indicates a shift towards digital currencies, which could reshape the retail landscape. Businesses that embrace this trend may gain a competitive edge by attracting younger consumers and enhancing payment flexibility. However, it is crucial to address potential regulatory challenges and consumer education to ensure sustainable growth in this sector.
