A few days after that Pick ‘ n Pay, one of the largest department stores food in South Africa, has announced that it would test the use of Bitcoin in one of its stores, rumors are rife as to the possibility that other retailers can follow the movement. This is the case of OneDayOnly. The main actor of e-commerce in the country has announced that it is also considering accepting payments in Bitcoin. OneDayOnly therefore follows in the footsteps of Takealot.com, which already accepts Bitcoins for a number of years through the service PayFast.
OneDayOnly bet on the viability of crypto-currencies
The announcement of the possibility that OneDayOnly can use Bitcoin coincides with the announcement by Pick n Pay to build a store of e-commerce. OneDayOnly has doubled its revenues year-over-year for five years, and has had to move warehouses in Cape Town and Johannesburg to accommodate its expansion. “We offer more products, more brands and offer greater savings,” said a person in charge at OneDayOnly. In addition, the company has grown from a workforce of 40 people in 2016 to 100 persons in 2017. With this expansion, OneDayOnly admits that he would like to continue to grow and innovate. Furthermore, South Africa seems to be pretty progressive in terms of integration of crypto-currencies and regulation on Bitcoin. The project could be a viable option. It is for these reasons that OneDayOnly seems to be very interested in crypto-currencies, and Bitcoin in particular.
Towards a massive adoption of crypto-currencies in South Africa
I must admit, successive announcements of Pick ‘ n Pay and then OneDayOnly regarding their intention to accept payments in Bitcoin have been very well received by the community, south african users of crypto-currencies, and even across the world. The merchants were initially skeptical about digital currencies and their mass adoption. But later, they understood that the use of crypto-currencies to increase the security of transactions. They were also convinced by the fact that this form of payment does not present any risk of fraud to the credit card.