South Africa has consistently been near or at the top of the list for countries in which the word ‘Bitcoin’ is googled. Now at last, Bitrefill is completing the local cycle, making it easier to live on Bitcoin.
Bitrefill’s ‘cryptonaut’ has now landed on the tip of Africa, bringing an exciting new range of products for local users to try out. South Africa already has a range of relatively advanced Bitcoin & Crypto services related to purchase and investment options, such as well known exchanges Luno, VALR and Altcointrader through to investment options via companies such as Revix and the EC10 crypto index on Easy Equities. But what about the other end of the spectrum?
Rather than investing in Bitcoin, how does one then go on to use it? Does our Bitcoin have as much value if you cannot use or spend it? Surely this is not just a commodity for speculation, but rather carries more utility as per Satoshi’s original vision: “Bitcoin would be convenient for people who don’t have a credit card”.
Bitrefill is focussed on this portion of the ecosystem, and now allows South Africans to spend hassle free, at a large array of well known brand-name stores.
Bitrefill’s South African product line:
The range of stores where Bitcoin can be spent is already extensive and growing every week! Examples of the large brand-names already live on the platform include:
Physical Retailers
Online Retail
Food & Restaurants
Coffee
Airtime
Travel
Gaming & Other
Using the vouchers
We allow users to purchase directly in-store with a variety of cryptocurrencies including Bitcoin, Ethereum, Dash, Dogecoin, Litecoin, and USDT. Using lightning on the Bitcoin network allows for instant payments, and we have found that many users are comfortable purchasing their vouchers through the Bitrefill App (iOS or Android) at the physical till once everything has been rung up, essentially the same as when you would pay with your credit card.
Many users also load funds on the internal wallet, which then eliminates the need for an on-chain transaction and makes the process much simpler, especially if you are in the queue and want to complete a payment quickly. Using the internal wallet means there’s no risk of on-chain delays, and payment is always immediate. In addition, the wallet allows for funds to be stored in Bitcoin as well as USD or EUR if you prefer to avoid volatility risk for your spending funds — you can still fund the wallet with crypto, but select USD or EUR and Bitrefill will automatically convert your funds to your chosen currency!
Another great feature is the ability to pay exact amounts down to the cent! Traditionally gift card users expect a small loss as they purchase slightly more than needed to ensure the bill is covered, but with Bitrefill’s gift cards you can settle the exact amount every time.
For the non-crypto users, there is also the option to purchase gift cards using a credit card, thus allowing even the no-coiners to purchase their favourite items with fiat currency. Bitrefill is the largest global gift card store, making it useful for travellers to spend internationally off a single platform and allowing many around the world to finally ‘live on crypto’.
The service is convenient, secure, user friendly and mostly adapted for small to medium purchases in the retail market. Products are being added all the time, so check the Bitrefill website and start living on Crypto today!
If you have any feedback let us know on Twitter!
Thank you for using Bitrefill.
