This is massive!!!
At pretty much the same time China mentioned their "Crypto Ban" the Pick & Pay Group said they will now be accepting Bitcoin through transactions via the Luno wallet (setup through Electrum). This is FANTASTIC news people!!! The Pick & Pay Group (any South African and many other Africans will know this) has been one of the largest and oldest retail stores in the country, extending into some African countries as well :):) Their core focus has always been retailing groceries however they have expanded into other products as well. I won't go into detail here but I'll drop a link or two at the end.
The group was started by a South African revolutionary at the time, Raymond Ackerman, who started the chain many years ago. I read one of his books a few years back, The Four Legs of the Table and really loved his vision and strategy. Anyway, here is a quote from their site:
Pick n Pay is the quintessential family store focused on the customer. Since 1967 when consumer champion Raymond Ackerman purchased the first few stores, the Ackerman family’s vision has grown and expanded to now encompass stores in South Africa, Namibia, Botswana, Zambia, Mozambique, Mauritius, Swaziland and Lesotho. Additionally Pick n Pay owns a 49% share of a Zimbabwean supermarket business, TM Supermarkets. Our offer to customers focuses on groceries, clothing and general merchandise, but also includes additional value-added services to cater for our customers’ expectations and evolving needs. To ensure a convenient and accessible shopping experience the Group operates across multiple store formats, both franchised and owned.
Please go and check out the Pick & Pay Group then you will realise why I'm sooo exited about this news!!!
http://www.picknpay.co.za/about-us-introduction
The Pick & Pay/Bitcoin article below:
https://electrum.co.za/bitcoin-accepted-at-pick-n-pay/
I won't be spending much of my Bitcoin there since I'm holding. Not that I have much though but I'm busy growing my Crypto. We all need to start somewhere :):) I will however show my support and buy a few items from them in future via my Luno wallet :):). Now that I think of it this will actually be great motivation for me to get my wife to invest more of our ZAR into BTC. Yay!!!
It's going to be interesting to see what the tellers do initially "Oooh he 'e" - I think my South African friends will understand that last bit :)
As mentioned in the link at the end this is probably one of the largest retailers to first accept BTC!!! Good going Pick & Pay :):) I'm sure you'll be receiving great support from the Crypto Enthusiasts!! I most certainly will.
Hmmm, maybe I'll send their marketing or tech departments this post link...
Next:
The reason I mentioned the Pick & Pay accepting Bitcoin coinciding with China's news is because I wanted to throw a thought out there about China's "move". After chatting to my wife last night (she is a bit of a financial genius) she said China did it deliberately so they too can cash in on a bit of Crypto. Let BTC fall a bit then we can buy!! Why? Well, with Missiles flying all over the place lately it could be an easy way to build extra currency without causing too many waves. Simple, straight forward, very plausable.
