Ukrainian Supermarket Chain Accepts Cryptocurrencies Via Binance Pay
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Ukrainian Supermarket Chain And Binance
This collaboration between Ukraine's Varus supermarket chain and Binance, the leading crypto exchange by daily trading volume, will enable Ukrainian consumers to buy groceries and other items online with virtual money.
Customers may take advantage of speedy cryptocurrency payments and quick delivery in nine Ukrainian cities, including the capital Kyiv, Dnipro, Kamianske, Kryvyi Rih, Zaporizhzhia, Brovary, Nikopol, Vyshhorod, and Pavlograd, using the Binance and Varus applications.
Users must download and install the Binance application on their Android or iOS phones to use the payment option. Then, they can visit the Varus website, choose the items they wish to purchase and send the virtual currency using their Binance Pay wallet.
Cryptocurrency Payment Methods In Ukraine
In August, Whitepay launched cryptocurrency payments for goods sold by significant Ukrainian tech retailers. The payment mechanism created by Whitebit, a European cryptocurrency exchange with Ukrainian roots, is now available to customers of merchants like Tehnoezh and Stylus.
As the country's continuous military war with Russia has increased demand for Bitcoin and similar cryptocurrencies, the acceptance and regulation of cryptocurrencies have increased in Ukraine over the last several years.
The Kyiv administration and volunteer organizations have been constantly raising money through cryptocurrency contributions to support defense and humanitarian activities. Assistance requests have received a response from the crypto community. In June, Binance released a unique cryptocurrency card for Ukrainian migrants.
Ukraine Seizes Crypto Donations
Security Service (SSU) in Ukraine implemented a method to prevent cryptocurrency fundraising for the groups supporting Russia in the ongoing battles last month. The SSU said that a member of the Russian Federation had shut down a cryptocurrency wallet used to finance Russia's military assault in Ukraine. The person who claimed to be a volunteer has been raising money for the Russian military since the invasion started.