Super Group Launches Brand-new 'Supercoin' For Betway South Africa Crypto Payments Multinational wagering company Super Group is taking its aspirations in cryptocurrency a significant step forward through the launch of its own coin in South Africa, an essential market for the group and particularly its Betway brand. Unveiled yesterday, Super Group's ZAR Supercoin is a stablecoin pegged to the South African rand. Both the coin and the wallet set up to support it, the Supercoin Wallet, will be managed by a new company department, Super Group SA. The business eventually wishes to enable Supercoin payments to the Betway sportsbook, in doing so using the appeal of cryptocurrencies in South Africa - and potentially in other African markets - and further set its brand out of the competitors. Super Group's aspirations on both cryptocurrencies and African gaming are absolutely nothing new, with the firm detailing previously this year following the publication of its H1 financial results that it was checking out a connect between the 2 as a way to cut expenses. "The time is best for Super Group to move into the digital currency area, with our exciting brand-new Supercoin," said Alinda van Wyk, Super Group Chief Financial Officer. "We have actually constantly been at the forefront of tech advancement in the gaming market, and this offering will also benefit the millions of customers who enjoy our brand names in South Africa and in the remainder of the continent." Preparations for the Supercoin launch have actually been months in the making. To construct a foundation, the firm partnered with consumer crypto exchange Lumo and gotten licenses from the Financial Sector Conduct Authority (FCSA), with the aim of making digital wallets available in Q1 next year. Africa leads Super Group earnings Africa is by far the most important continent for Super Group in 2025.