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South Africa’s Takealot Now Accepting Bitcoins

takealotSouth Africa’s online retailer, takealot.com is now accepting Bitcoins after it signed a deal with PayFast, a payments processing service for over 30,000 South African merchants that enables easy, secure and instant transfer of money between online buyers and sellers.

 

 

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After selecting an item, customers interested in buying with bitcoins will go to Instant EFT then follow the procedure listed. This comes few days after PayFast announced the move that it will be integrating bitcoins as a payment option for its over 30,000 merchants in the country.

For customers buying in bitcoins, the firm will list the price in bitcoin but equivalent to the Rand and takealot will also receive payments in Rands.

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In May, takealot.com raised $100 million from Tiger Global in an expansion move in South Africa and sub-Saharan Africa. The firm sells DVD’s, Games, Music and Books to lifestyle categories like Home and Kitchen, Baby and Toddler, Health and Beauty and Sport and runs its own warehouses in Cape Town and Johannesburg plus has the advantage of running its own logistics with the purchase of a majoristy stake Mr. Delivery.

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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