Whitepay Launches Crypto Payments to Ukrainian Tech Stores – Bitcoin News

Thanks to services provided by Whitepay, Ukrainians will be able to use digital coins to buy electronics and other products. The payment processor built by Ukrainian-born digital asset exchange Whitebit recently implemented crypto payments at the country’s largest tech store.

Crypto Platform Whitepay Launches Coin Payments at Major Tech Stores in Ukraine

Crypto news outlet Forklog has revealed that Whitepay, one of the platforms operating as part of the crypto exchange Whitebit ecosystem, has introduced cryptocurrency payments for products offered by major Ukrainian tech stores.

The report details that among electronics retailers, their customers will now take advantage of the new service, including Tehnoezh (Техно Їжак in Ukrainian) and Stylus, which manage the industry’s leading online platform.

The integration allows buyers to make purchases with over 130 different digital currencies. The plan is to expand the list of supported digital coins in the future.

Ukrainian cryptocurrency holders will be able to pay with digital assets at physical locations through appropriate forms in online stores or through special point-of-sale (POS) terminals installed by Whitepay. The payment processor will maintain the system and provide customer support.

Over the past few years, cryptocurrencies have become very popular among Ukrainians, and their country has emerged as 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 cryptocurrency donations to fund their defense and humanitarian efforts.

Estonia-based Whitebit, a major European cryptocurrency exchange originating in Ukraine, has been a participant in such efforts. Earlier this year, the trading platform signed a memorandum of cooperation with the country’s foreign ministry to provide assistance to its anti-crisis center and to support Ukrainian refugees through its foreign offices.

Other crypto companies have also helped. Binance, the world’s largest digital asset exchange by daily trading volume, has issued a special cryptocurrency card for Ukrainians forced from their homes by the ongoing military conflict with Russia.

You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.

tags in this story

chain, crypto, crypto payment, cryptocurrency, cryptocurrencies, digital coins, digital currency, electronics, payment platform, payment processor, retailer, tech store, Ukraine, Ukrainian, Whitebit, Whitepay

Do you think electronics retailers in other countries in the region will introduce crypto payments in the near future? Let us know in the comments section below.

Lubomir Tasev

Lubomir Tassev, a journalist from tech-savvy Eastern Europe, likes Hitchens’ famous quote: “Being a writer is who I am, not what I do.” Beyond crypto, blockchain and fintech, international politics and The economy is two other sources of inspiration.

Image Source: Shutterstock, Pixabay, Wiki Commons, Kardashov Films

Disclaimer: This article is for reference only. It is not a direct offer or invitation to offer, nor is it a recommendation or endorsement of any product, service or company. 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 or related to the use of or reliance on any content, goods or services mentioned herein.

Leave a Comment