Pick n Pay now accepting Bitcoin

For a limited time, customers at Pick n Pay’s head office campus store will be able to use the cryptocurrency Bitcoin to pay for their purchases.

The move, possibly a world-first for major grocery retailers, has been enabled by Electrum, a payments technology firm in Cape Town. According to the firm, the checkout process is as simple as scanning a QR code using a Bitcoin wallet app on the customer's smartphone.

Jason Peisl, IS executive at Pick n Pay, has said that although cryptocurrency and Bitcoin are still relatively new payment concepts, the retailer has been able to successfully demonstrate how it is able to accept such alternative methods of payment.