SA Cryptocurrency Start-Up ‘6DOT50’ Partners With Checkers, Pick n Pay And Steers To Allow The Use Of Crypto Vouchers
SA Cryptocurrency Start-Up ‘6DOT50′ Partners With Checkers, Pick n Pay And Steers To Allow The Use Of Crypto Vouchers. South African Cryptocurrency startup ‘6DOT50’ provides a simple and easy way for merchants that sell goods and services to #GETPAID by accepting 6DOT50 Vouchers as payment from any 6DOT50 member. It has announced that its users can now purchase a voucher with their cryptocurrencies and so that it can be converted to digital Rand which they can use to pay a retailers such as Pick n Pay.
“Once you push confirm, we give you 15 minutes to conclude that transaction by transferring your crypto from your crypto wallet to an address that you provide; and within 15 minutes, that rate is guaranteed. As soon as you convert to digital rands in your account, you can immediately go and spend those digital rands anywhere. It takes about as little as two minutes but up to as much as 20 minutes for your crypto to reflect in your account, and then it’s instantly available,” Founder and CEO Warren Venter told Business Insider.
Customers can also create a wiCode and share the code with thousands of cashiers or enter the code on the merchant’s card machine to pay. 6DOT50 wiCodes are accepted as payment at Shoprite, Checkers, Usave, K’nect, Cape Union Mart, Keedo, Old Khaki, Poetry, Tread+Miller and more stores across South Africa.
6DOT50 Digital Rand (DZAR) vouchers have been designed as commodity money where the value of each voucher is derived from the value of a known and trusted fiat money value, each 6DOT50 DZAR is equal to 1 ZAR or Rand. By creating a digital commodity and linking it to the value of fiat money, 6DOT50 Money is a viable new way to pay for goods and services and to access financial services without the need to own a bank account. This will assist a lot of people who hold Cryptocurrency to perform transactions with retailers easily.
