Bybit Pay enters South Africa through MoneyBadger integration
The integration enables crypto payments at more than 650,000 merchants, with transactions settled for businesses in South African rand.
Crypto exchange Bybit has expanded its Bybit Pay service to South Africa through an integration with local payments provider MoneyBadger, allowing users to pay with cryptocurrency at merchants nationwide using QR codes while businesses receive settlement in local currency.
According to Bybit’s Tuesday announcement, the rollout connects Bybit Pay to existing payment networks, giving users access to more than 650,000 merchants via Scan to Pay, 31,000 through Zapper and over 1,500 Pick n Pay stores, with additional support for online payments through Peach and Ozow.
Users can pay with Bitcoin (BTC), stablecoins and more than 20 other digital assets, with transactions processed in seconds while MoneyBadger converts funds to South African rand at the point of sale to limit exposure to price volatility, allowing merchants to accept crypto without holding it.