Binance has introduced a promotion exclusive to South Africa, offering users the opportunity to earn 50% crypto back in Tether (USDT) on purchases made at participating merchants. This initiative was announced through a press release.
According to Binance’s announcement titled “Shop with Binance Pay & Get 50% Back in Crypto!”, the promotion is available to registered and verified Binance users in South Africa. Participating merchants include notable retailers and service providers such as FlySafair for flights, Pick n Pay supermarket chain, Bootlegger coffee shops, and numerous others through the Zapper merchant network. The promotion seeks to enhance everyday spending experiences and promote broader adoption of Binance Pay among consumers.
To qualify for the 50% USDT crypto-back reward, users must spend at least 100 South African Rand (ZAR) in a single transaction using Binance Pay at participating merchants via Zapper or QR code payments. The reward is credited to the user’s Binance Funding Account with specific limits: up to 20 USDT back per transaction, 100 USDT back per user per month, and a maximum of 10 rewarded transactions per user per month. Transactions that are refunded, reversed, canceled, or made at non-participating merchants do not qualify.
Rewards are distributed within 48 hours of a qualifying transaction and deposited into the user’s Funding Account. The promotion excludes tips, delivery fees, and purchases made outside of South Africa. Users must be registered and verified on Binance, and payments must be executed via Binance Pay; failure to comply with these conditions results in disqualification from the offer.
According to Binance’s corporate profile, the platform was founded in 2017 and has since evolved into the world’s largest cryptocurrency exchange by trading volume. It offers an array of services including spot trading, derivatives, staking, lending, Web3 infrastructure, and crypto payments through tools like Binance Pay. By launching promotions such as this 50% crypto-back offer in South Africa, Binance aims to integrate cryptocurrency into everyday spending further and boost merchant adoption globally.
