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Wednesday, September 27, 2017

Crypto News: Payment or Asset? Bitcoin's Limbo Is Leaving Merchants in the Middle

Payment or Asset? Bitcoins Limbo Is Leaving Merchants in the Middle

Word that South Africa's second-largest supermarket might accept bitcoin sent twitters of excitement through the cryptocurrency community last week – that is, until it emerged that, actually, they weren't going to.

At least not yet, and probably not for a while, if ever.

In a prime example of rapid reporting, headlines proclaiming mainstream adoption (in supermarket aisles at least) jumbled up the news. Pick n Pay was testing bitcoin acceptance, not rolling it out across its network.

In an interview with BusinessDay, the chain's deputy CEO Richard van Rensburg highlighted two interesting points that paint a much bigger picture.

Full story at

Source: CoinDesk

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