{"id":725176,"date":"2023-10-16T11:18:26","date_gmt":"2023-10-16T09:18:26","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=725176"},"modified":"2023-10-16T11:18:26","modified_gmt":"2023-10-16T09:18:26","slug":"big-move-for-bitcoin-payments-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/725176\/big-move-for-bitcoin-payments-in-south-africa\/","title":{"rendered":"Big move for Bitcoin payments in South Africa"},"content":{"rendered":"\n<p>South African crypto exchange VALR has announced a new partnership with global card payment group Visa to expand the use of crypto payments in local and global markets.<\/p>\n\n\n\n<p>In what it calls a &#8220;strategic partnership&#8221;, VALR said that it will be collaborating with Visa on payment services that should open up crypto payments and help push the adoption of digital currencies.<\/p>\n\n\n\n<p>The group noted that it recently obtained approval to offer crypto services in Europe and is in the process of obtaining licenses in Dubai, Mauritius and South Africa. <\/p>\n\n\n\n<p>&#8220;The VALR-Visa partnership follows other Visa partnerships with leading global crypto asset service providers such as Coinbase, Crypto.com and Circle,&#8221; it said.<\/p>\n\n\n\n<p>\u201cVisa is a household name in payments, with vast experience and global reach. A partnership with Visa was a natural step for VALR as we bring more innovative products and services to our customer base,&#8221; said Farzam Ehsani, VALR Co-founder and CEO.<\/p>\n\n\n\n<p>VALR currently offers services like VALR Pay &#8211; which is compatible with crypto payments at <a href=\"https:\/\/businesstech.co.za\/news\/technology\/715954\/paying-with-bitcoin-is-now-easier-at-pick-n-pay\/\">Pick n Pay<\/a> &#8211; blockchain staking and spot margin trading. It said it will soon be launching a perpetual futures product. <\/p>\n\n\n\n<p>Visa, meanwhile, started a crypto consulting service and invested in crypto platforms as part of a global push for digital currency adoption.<\/p>\n\n\n\n<p>Visa said the partnership will allow the group to work on payment and card products that <strong>allow VALR customers to use the Visa network to make and receive payments globally<\/strong>. <\/p>\n\n\n\n<p>&#8220;The use cases are vast, and we\u2019re looking forward to the collaboration with VALR to provide customers with a unique value proposition,\u201d the group said.<\/p>\n\n\n\n<p>VALR is a crypto exchange headquartered in South Africa that lets customers trade bitcoin and a wide range of other crypto assets. The group said it has processed over $10 billion in trading volume and has raised $55 million in equity funding since launch.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/technology\/715954\/paying-with-bitcoin-is-now-easier-at-pick-n-pay\/\">Paying with Bitcoin is now easier at Pick n Pay<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Local crypto exchange VALR has partnered with Visa to expand crypto payments in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":658591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,14576],"class_list":["post-725176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-valr"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/725176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=725176"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/725176\/revisions"}],"predecessor-version":[{"id":725178,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/725176\/revisions\/725178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/658591"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=725176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=725176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=725176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}