Super Group launches rand-pegged Supercoin for planned Betway payments
Super Group launched Supercoin, a stablecoin pegged to the South African rand, alongside a supporting wallet managed by its Super Group SA division. The company said it eventually aims to enable payments to Betway’s sportsbook; it partnered with crypto exchange Lumo and obtained licences from the Financial Sector Conduct Authority, with digital wallets targeted for Q1 next year.
The planned sportsbook payment option could affect payment choices for Betway customers in South Africa.