Ukrainians will be able to purchase electronics and other products with digital currencies thanks to a service provided by Whitepay. The payment processor, set up by Ukrainian-born digital asset exchange Whitebit, recently rolled out crypto payments at the country’s largest tech stores.
Crypto platform Whitepay launches coin payments in leading technology stores in Ukraine
Whitepay, one of the platforms operating as part of the ecosystem of the cryptocurrency exchange Whitebit, has introduced cryptocurrency payments for products offered by leading Ukrainian tech stores, cryptocurrency newsletter Forklog unveiled.
Among the electronics retailers whose customers will now be able to take advantage of the new service are Tehnoezh (Техно Їжак in Ukrainian) and Stylus, which operate industry-leading online platforms, report details.
The integration allows shoppers 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 cryptocurrency holders will be able to pay with digital assets through the appropriate forms at online stores, or in 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 considerable popularity among Ukrainians in recent years, with their country becoming a leader in Eastern Europe in terms of adoption. Kiev has taken steps to regulate the sector, and since Russia invaded the country in late February, the government and volunteer groups have relied on cryptocurrency donations to fund their humanitarian and defense efforts.
Whitebit, based in Estonia, a major European cryptocurrency exchange originating in Ukraine, has participated in such efforts. Earlier this year, the trading platform signed a cooperation memorandum with the country’s Ministry of Foreign Affairs to provide assistance to its Crisis Center and support Ukrainian refugees through its overseas representative offices.
Other cryptocurrency companies have also offered help. Binance, the world’s largest digital asset exchange by daily trading volume, has 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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