South African fintech startup 6Dot50 joined forces with BTS and Set solutions To introduce cryptocurrency payments for vehicle purchases. This collaboration allows customers to buy new and used cars from more than 1,400 dealers using eight different cryptocurrencies, including Bitcoin (BTC).
In his declaration, 6DOT50 explained that his platform uses a good system to mitigate the risks linked to cryptocurrency transactions transparently fill the gap between crypto and fiduciary currencies. The company has also declared the treatment of cryptographic transactions worth around 1 million dollars on more than 90,000 retail locations.
With this new offer, 6Dot50 is part of an increasing trend in South Africa, joining the retail giant Choose to pay To activate digital asset payments. In February 2023, Bitcoin.com News reported that Pick N Pay had started to accept Bitcoin as payment method at more than 1,500 locations across the country.
Explaining the motivation behind the training of the partnership, the founder of 6Dot50, Warren Ventter, said:
“By establishing a link between cryptocurrency holders who seek to spend their assets and concessionaires requiring payments in local fiduciary currency, the vouchers 6Dot50 offer an ideal solution,” said Warren Venter, founder of 6DOT50. “The process is fast and simple, eliminating the risk of volatility and minimizing complex integration requirements. We are delighted to introduce this payment alternative to a large network of dealerships. »»
The declaration explains that potential buyers can transparently exchange their cryptocurrency for good 6dot50. These vouchers can then be exchanged via a link on the Seriti Solutions platform. The South African startup stresses that this simplified approach provides an alternative without hassle to conventional payment methods, allowing dealers to expand the scope of their client.