According to CryptoQR’s CEO Carl Van-Eyck, a typical transaction will take less than a minute to complete and the transaction fee will be around 70 cents.
However, it is yet not clear if the retail hypermarket chain will allow BTC payment on its mobile Pick n Pay ASAP platform. The app saw over a million downloads last year. The South African government in October 2022 classified cryptocurrencies as taxable financial products subject to regulations under the Financial Sector Conduct Authority (FCSA).
