{"id":2001,"date":"2023-11-24T07:57:13","date_gmt":"2023-11-24T07:57:13","guid":{"rendered":"https:\/\/ethereumcode.io\/stitch-launches-crypto-payment-service-south-africa\/"},"modified":"2023-11-24T07:57:13","modified_gmt":"2023-11-24T07:57:13","slug":"stitch-launches-crypto-payment-service-south-africa","status":"publish","type":"post","link":"https:\/\/ethereumcode.io\/stitch-launches-crypto-payment-service-south-africa\/","title":{"rendered":"Stitch Debuts Crypto Payment Service for Customers in South Africa"},"content":{"rendered":"
South African-based payment service provider, Stitch, has broadened its horizons with a new product that allows customers to complete transactions using cryptocurrency. It\u2019s a ground-breaking move, given the growing interest in cryptocurrencies like Bitcoin (BTC)<\/strong> and Ethereum (ETH)<\/strong>. This leap farther into the crypto world offers customers the option of settling transactions with these digital currencies.<\/p>\n In a notable advancement for the South African digital payments landscape, Stitch introduced a service allowing customers the ability to finalize transactions using cryptocurrency. This service is built upon the robust API of local cryptocurrency platform, Valr. It provides customers the flexibility to make payments directly via their holdings of Bitcoin (BTC)<\/strong> or Ethereum (ETH)<\/strong>. <\/p>\n The idea of “pay with crypto” has been a significant theme in recent discussions among businesses and digital currency enthusiasts. The ability to directly purchase goods and services using cryptocurrency, while businesses receive their payments in the local currency (ZAR), is a key factor in this innovative move.<\/p>\n The primary benefit for businesses and merchants embracing this service would be the mitigation of risks associated with the volatility of digital currencies. The integration expands the propensity of cryptocurrency holders to spend their digital assets in the country’s e-commerce market. It’s a strategy that promises dynamic growth in cryptocurrency payments volume as more businesses accept it.<\/p>\n Online marketplaces, e-commerce entities, gaming and trading platforms are just some of the many business sectors that can benefit from this new payment paradigm. Equally, both local and international travel providers who adopt this payment methodology can look forward to attracting a broader user base.<\/p>\n Stitch’s President, Junaid Dadan proudly expressed that this strategic implementation of cryptocurrency payment provision pinpoints a valuable opportunity for clients. They can now provide services to an entirely new demographic, without the need to shoulder the associated volatility risks.<\/p>\nEnabling Local Currency Payments for Businesses<\/h2>\n
How Ethereum Code Can Play a Role<\/h2>\n