Bybit Pay Launches Crypto Payments Across South Africa

Crypto exchange Bybit has launched its Bybit Pay service in South Africa through a partnership with local payments provider MoneyBadger. This integration allows users to make payments using cryptocurrencies like Bitcoin and stablecoins at over 650,000 merchants nationwide via QR codes. Businesses receive settlements in South African rand, mitigating crypto volatility risks. The service supports in-store and online payments, with transactions settling quickly and payment limits ranging from $0.06 to $2,500. South Africa has a significant crypto user base, with many already using digital assets for payments, supported by an advanced regulatory framework. The expansion aligns with the growing trend of crypto adoption in Africa for payments and remittances, driven by factors like high inflation and limited access to traditional banking services.

(Source：Cointelegraph)