Whitepay’s service will enable Ukrainians to pay for electronics, and other items with digital currencies. 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 at 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.
Buyers can now use over 130 digital currencies to make their purchase. In the future, the plan is to increase the number of digital coins supported.
Ukrainian cryptocurrency holders will have the ability to use their digital assets for payment through online shops or in person through Whitepay’s special point-of-sale (POS) terminals. This payment processor will support customers and maintain the system.
The popularity of cryptocurrencies has increased significantly among Ukrainians over the last few years. Their country is now a leading Eastern European nation in adoption. The government of Kyiv is taking steps to regulate this industry. Since Russia’s invasion in February, both the government and volunteers have relied on cryptocurrency donations for funding their humanitarian and defense 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.
Additional crypto companies also offer assistance. 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.
You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.
Is it possible that other electronics shops in the region might offer cryptocurrency payments? Leave a comment below.
Credits for the imageShutterstock. Pixabay. Wiki Commons. Kardasov Films.
DisclaimerThis article serves informational purposes. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.