VALR, the largest South African crypto exchange by trading volume, has partnered with CryptoConvert to make VALR payments available at all Pick n Pay tills throughout South Africa.
Launched in 2019, VALR is a digital asset platform that allows customers to buy, sell, store and transfer Bitcoin and 60 other cryptocurrencies – the widest selection of any platform in Africa – seamlessly and securely.
The company, which raised a US$50 million Series B funding round in March 2022, now serves half a million retail customers and over 800 corporate and institutional clients from across the globe, and has processed over US$10 billion in trading volume.
Since launching VALR Pay in June 2021, VALR has helped its customers make instant payments in crypto or rands to any cell phone number, email address or VALR Pay ID, completely free of charge. The partnership with CryptoConnect means all VALR customers will be able to use VALR Pay to spend Bitcoin for the purchase of goods and services at Pick n Pay, one of the largest supermarket chains in sub-Saharan Africa, using the VALR mobile app.
The feature is initially available to Android users directly from the VALR App, with iOS being rolled out soon. iOS users can still use VALR Pay at Pick n Pay by downloading the CryptoQR app and setting their default wallet to VALR Pay.
“We’re excited about this partnership. It is a great leap forward for the utility of VALR Pay. It opens up crypto payments to a much wider audience than what was previously possible in South Africa,” said Blake Player, VALR’s head of growth.
