Stores that accept cryptocurrency payments in South Africa

In the first quarter of 2023, Pick-n-Pay announced that they would begin accepting cryptocurrency payments. However, there are South African stores that have been accepting digital currencies for some time now. With such merchants, people won’t have to first convert their crypto coins to fiat before they can use them for purchases.

To get an overview of the market, you can check the latest crypto prices, from Bitcoin to Shiba Inu price on the ByBit platform. With the crypto market expected to rally in the near future, it’s an excellent time to acquire more coins. Here are some stores you can visit that accept cryptocurrency payments:

Pick-n-Pay

In 2022, Pick-n-Pay already had some shops accepting Bitcoin payments. Over 2,000 of the retailer’s South African branches now allow customers to pay with crypto. The company partners with CryptoQR to make this possible.

When you visit a Pick-n-Pay store, you can buy groceries, airtime, travel tickets and pay utilities using Bitcoin. It’ll charge a small service fee of around R0.70.

This huge change could turn out positively for cryptocurrencies in South Africa, especially since this retailer has a 16% market share in the grocery sector. This could lead to similar retailers also accepting Bitcoin and other crypto.

This is helping people understand that crypto has real use cases and is not only for investing but usable for daily purchases.

Takealot.com

Takealot.com is the top e-commerce retailer in South Africa. The company announced its acceptance of Bitcoin in July 2014. The decision was derived from customer suggestions and demand for this payment method. Takealot.com then followed through by partnering with the BITX exchange platform and PayFast.

This e-commerce store sells many goods under various categories. These include clothing, hair, food, technology, entertainment and health products. Alone, it has brought the possibility for South African consumers to purchase almost everything they need using cryptocurrency.

RunwaySale

At one point, Superbalist.com also accepted crypto payments but cancelled in 2017. However, it’s possible to buy its fashion items on RunwaySale and pay in crypto. RunwaySale is a club that offers fashion numbers at discount prices.

You’ll find various designer brands at prices 70% lower than their original price. When the sale is announced, everyone rushes to get their hands on their favourite products, so it’s ideal to be one of the first to visit the store. It features clothing for men, women and children.

So, when you get there, browse through these departments quickly, select your desired items and pay before stock runs out.

Cape Coffee Beans

Cape Coffee Beans partners with PayFast for customers to pay in various ways, including crypto. This is an online coffee bean store based in Cape Town. It’s easy to buy their freshly roasted beans and get them delivered to your home, wherever you reside in South Africa.

The store also sells coffee machines, grinders and accessories. If you’re a coffee lover, then you’ll have everything you need for a good cup of coffee in your home.

Custom Candies

If you need help with gift ideas, then you can find items from Custom Candies. This online store also partners with PayFast to make Bitcoin payments possible. It’s a gifting shop that allows you to customise various items.

You’ll find Mother’s Day, Valentine’s Day and Christmas products to personalise.

The Tea Merchant

If you prefer tea over coffee, then there’s a shop for you, too. The Tea Merchant sells everything you need for a good cup of tea. You can buy loose-leaf tea, teapots, mugs and other things required to make tea.

It’s an online store, so once you’ve paid with your coins, you can have your items delivered to your house.

RC King

RC King is a hobby shop based in Johannesburg that operates online. It offers various items you can spend your free time using. You can purchase these using crypto and have them delivered to your home wherever you’re located in the country, including remote areas.

You can purchase almost anything with crypto

As more people invest in cryptocurrencies, businesses are beginning to accept them as payment methods. This isn’t limited to online merchants, but land-based businesses, too. In South Africa, you can now use your cryptocurrencies to pay for food, cellphones and plenty of other items.

Thanks to stores like Pick-n-Pay, Takealot.com and Cape Coffee Beans for pioneering the acceptance of cryptocurrencies, more stores are realising the benefits of crypto, which will lead to increased adoption as the world embraces innovations in the digital age.