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Whitepay Introduces Crypto Payments to Ukraine’s Tech Stores – Bitcoin News
Ukrainians will be able to buy electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by 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 the crypto exchange Whitebit ecosystem, has introduced cryptocurrency payments for the products offered by major Ukrainian tech stores, crypto news outlet Forklog revealed.
Among the electronics retailers whose customers will now benefit from the new service are Tehnoezh (Техно Їжак in Ukrainian) and Stylus, which manage leading online platforms in the sector, the report says.
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 in the online stores, or in physical locations through special point-of-sale (POS) terminals installed by Whitepay. The payment intermediary will maintain the system and provide customer support.
Cryptocurrencies have gained significant popularity among Ukrainians in recent years, and their country has become 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 relied on crypto donations to fund their defense and humanitarian efforts.
Estonia-headquartered Whitebit, a major European crypto exchange hailing from Ukraine, has been a participant in such efforts. Earlier this year, the trading platform signed a cooperation agreement 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 to 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 due to the ongoing military conflict with Russia.
You can support Ukrainian families, children, refugees and displaced persons by donating BTC, ETH and BNB to Binance Charity’s Ukraine Emergency Relief Fund.
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.
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