A Pick n Pay grocery store in Cape Town, South Africa, has become the first major retailer in the world that allows its customers to pay for their vegetables, dairy and other items using bitcoin.
Tech Central reports that bitcoin crypto currency payments are accepted at a university campus store during a trial period. The checkout process is as simple as scanning a QR code using a bitcoin wallet app on the customer’s smartphone.
Bitcoin is still a relatively new payment concept. It may take a while before bitcoin payments become mainstream at grocery stores. According to Pick n Pay deputy CEO Richard van Rensburg said that first, the payments industry and regulatory authorities will need to establish a framework for managing the risks associated with crypto currencies.
Cape Town-based Electrum provided the cloud-based enterprise payments platform used for the transactions, while the bitcoin infrastructure for the project was provided by Luno, a bitcoin company active in Southeast Asia and Africa, and with an office in Cape Town.
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