Pick n Pay customers are buying more than R1-million worth of groceries using crypto monthly, a new report has revealed.
, by crypto trading and investment platform Luno, said this figure has jumped from an average of about R25 000/month just a year ago, and it suggests South Africans are increasingly using crypto for payments, not only viewing it as an investment.
It suggests South Africans are increasingly using crypto for payments, not only viewing it as an investment “The investment case and the payment case will eventually align. If people have crypto, there’s a good chance they may want to spend it without having to exit the crypto ecosystem by selling their crypto and sending the money to a bank account.”
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