Stitch launches feature to allow South Africans pay with crypto

Stitch, a South African payments infrastructure company, has unveiled a new payment method named "Pay with crypto." This feature empowers businesses to cater to an expanding customer base interested in purchasing goods and services using cryptocurrency. With this functionality, customers can make direct transactions with crypto and have settlements processed in ZAR.

Established in February 2021, Stitch specializes in providing payment infrastructure solutions that facilitate faster business scaling and increased operational efficiency. The Stitch payments API and accompanying tools streamline the integration of businesses across various sectors with the financial system, ensuring seamless and enjoyable experiences for users.

Through the Pay with Crypto option, South African businesses can give their customers the flexibility to either make deposits or complete transactions using cryptocurrency from their VALR or Binance wallets. Alternatively, customers can directly send Bitcoin or Ethereum. The businesses will receive settlements in ZAR, providing them with a convenient solution to navigate and mitigate currency volatility.