There is some fantastic news circulating on the internet. When people heard this news, they were very happy. South African cryptocurrency users can now conveniently use their digital assets to purchase goods and services. Major telecommunication companies such as MTN, Vodacom, Telkom, and Cell C have joined several retailers in accepting cryptocurrency payments. This development is thanks to a Cape Town-based tech startup called Mommit, which has launched a blockchain wallet that enables crypto transactions at over 10,000 retail outlets across the country.
Mommit was initially launched as a Non-Fungible Token (NFT) marketplace. However, it has now evolved into a multifaceted wallet application. Using the Mommit app, traders can buy 1Voucher, a cryptocurrency voucher that all partner retailers accept. This means that people who use cryptocurrencies can convert their digital assets into 1Vouchers and use them to shop at numerous stores across the country.
Numerous well-known retailers in South Africa have collaborated with Mommit and are now accepting 1Vouchers as a payment option. These retailers include MTN, Vodacom, Telkom, Cell C, Pick n Pay, Dis-Chem, Total Energies, Incredible Connection, Sportsman’s Warehouse, Cape Union Mart, Old Khaki, Poetry, Mr. D Foods, Uber Eats, HiFiCorp, and many others. The availability of this payment method not only promotes the adoption of cryptocurrency but also gives customers more choices and ease when making purchases.
There are other companies in South Africa that allow cryptocurrency payments besides Mommit. One such company is CryptoConvert, which launched its own cryptocurrency payment system called CryptoQR in February. With this system, users can make Bitcoin payments at 1,500 Pick n Pay stores by scanning a QR code. On the other hand, Mommit offers the option for users to buy 1Vouchers using their preferred cryptocurrencies like Ethereum or USDC. These vouchers can be used as payment at various retailers and services.
This new payment option offers benefits not only to local businesses in South Africa but also to international transactions with 5,000 retailers through the Mommit app. Users can even use their cryptocurrency to pay for transportation expenses with Lift Airlines and Intercape, as well as at various restaurants. With this increased range of usability, cryptocurrencies are becoming more widely adopted and integrated into everyday transactions.
South African businesses are now accepting crypto payments via the Mommit app. This is a big step for the growth and adoption of digital currencies in the country. CryptoQR is also contributing to this trend. Here, with all of the material, the article comes to a close. Keep checking back with us for more fascinating developments.