Nictus now accepting cryptocurrency

One Bitcoin is currently worth N$779 538.82 whilst 1 Ethereum is valued at N$23 466.48.

01 April 2021 | Business

PHILLEPUS UUSIKU

Nictus, Namibia’s largest independent furniture retailer officially announced that it will be accepting current mainstream digital currencies such as Bitcoin, Ethereum and Bitcoin Cash for furniture purchases at all of its five branches country-wide via the retailer’s newly launched online store (www.nictusonline.com.na).

Bitcoin and Ethereum are some of world’s fastest growing digital currencies. One Bitcoin is currently worth N$779 538.82 whilst 1 Ethereum is valued at N$23 466.48.

According to Nictus Chief Executive Officer (CEO) Francois Wahl, the retailer intends on keeping all received crypto currencies in its treasury in their original digital form as opposed to converting them to cash.

The retailer also mentioned that digital currency payments are just an alternative to keep up with technological advancements and will not replace cash purchases with the Namibian dollar.

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