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Scramble in SA crypto market ahead of licensing round

Scramble in SA crypto market ahead of licensing round

SOUTH Africa is witnessing an expansion in cryptocurrency offerings as the country gets closer to issuing its first operational licenses to financial service providers. Payment firms and fintech companies are driving the move, with commercial banks expected to follow suit. One of the latest offerings enables users to purchase goods and services using cryptocurrency, while another allows them to withdraw digital currency as cash from automated teller machines. Stitch, a South African payments infrastructure company, has launched a new payment method called "Pay with Crypto," which allows customers to use cryptocurrency directly when purchasing goods and services in South African…
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