SA’s Crypto Wallet Launched New Payments System For MTN, Takealot, Woolworths and Engen

Crypto wallet has created a new way South African customers can use their cryptocurrency to buy products from selected stores in the country.

A Cape Town-based tech start-up Momint which is backed by Rob Hersov, has launched a blockchain wallet that allows customers to use their cryptocurrency at more than 10,000 retailers across South Africa. According to MyBroadband, traders can use their cryptocurrency at restaurants, Airlines and Intercape and also enables transactions at 5,000 international retailers.

Josh Minsk Former COO at Momint, described Hersov as the company’s “go-to guy”.

According to Biznews, Rob Hersov invested $50,000 in Momint in 2021 as part of the company’s startup cost.

Momint app lets users buy 1Voucher using their crypto, which allows them to spend at more than 10,000 small businesses and spaza shops in the country.

Speaking to eNCA, “There’s a number of partners that have come into play to make something like this possible. In this case, 1Voucher is a core partner.”

“Using 1Voucher, you spend your crypto to get the voucher, and you can spend the voucher at any of those retailers that accept 1Voucher.”

“Using blockchain technology, sending money across borders, as long as you’re doing it within legal frameworks, is incredibly cheap,” added Posthumus.

“It can cost as little as one dollar cent to send money, no matter what the amount is, across borders.”

Retailers that support 1Voucher payments include:

• Pick n Pay
• Dis-Chem
• Total Energies
• Incredible Connection
• Sportsman’s Warehouse
• Cape Union Mart
• Old Khaki
• Poetry
• Mr D Foods
• Uber Eats
• HiFiCorp
• Vodacom
• Telkom
• MTN
• Cell C