Super Group launches rand-backed Supercoin for South Africa
Super Group announced the launch of ZAR Supercoin, a rand-backed digital currency intended for use as a payment option with its Betway sportsbook. The company said the coin would initially be available in South Africa through Luno, with ABSA Group holding the fiat backing reserves; a digital wallet is expected in Q1 next year. Super Group plans to expand exchange availability across the continent as adoption grows.
The launch adds a company-operated digital currency payment option for Betway customers in South Africa.