Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores.
Crypto Platform Whitepay Launches Coin Payments in Major Tech Stores in Ukraine
Whitepay, one of the platforms operating as part of crypto exchange Whitebit’s ecosystem, has introduced cryptocurrency payments for the products offered by major Ukrainian tech stores, the crypto news outlet Forklog unveiled.
Among the electronics retailers, whose customers will now take advantage of the new service, are Tehnoezh (Техно Їжак in Ukrainian) and Stylus, which manage leading online platforms in the sector, the report details.
The integration allows buyers to use more than 130 different digital currencies for their purchases. The plan is to expand the list of supported digital coins in the future.
Ukrainian crypto holders will be able to pay with digital assets through the appropriate forms at the online stores, or at physical locations through special point of sale (POS) terminals installed by Whitepay. The payment processor will maintain the system and provide customer support.
Cryptocurrencies have gained significant popularity among Ukrainians in the past few years, with their country becoming a leader in Eastern Europe in terms of adoption. Kyiv has taken steps to regulate the industry, and since Russia invaded the country in late February, the government and volunteer groups have been relying on crypto donations to finance their defense and humanitarian efforts.
The Estonia-headquartered Whitebit, a major European crypto exchange originating from Ukraine, has been a participant in such efforts. Earlier this year, the trading platform signed a memorandum of cooperation with the country’s Ministry of Foreign Affairs to provide assistance to its Anti-Crisis Center and support Ukrainian refugees through its representative offices abroad.
Other crypto companies have also offered help. The world’s largest digital asset exchange by daily trading volume, Binance, issued a special crypto card for Ukrainians forced to leave their homes behind due to the ongoing military conflict with Russia.
Do you think electronics retailers in other countries in the region will introduce crypto payments in the near future? Tell us in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Kardasov Films
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer