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WebsCrypto—News—Business News—Whitepay Introduces Crypto Payments to Ukraines Tech Stores
Business News

Whitepay Introduces Crypto Payments to Ukraines Tech Stores

By Simon LawsonNovember 29, 2022
Whitepay Introduces Crypto Payments to Ukraines Tech Stores
Image Source: Behance
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Cryptocurrency platform Whitepay has launched cryptocurrency payment services at major tech stores in Ukraine, including Tehnoezh and Stylus.

Whitepay launches cryptocurrency payments

Cryptocurrency holders in Ukraine will be able to pay with digital assets at these online stores, or at brick-and-mortar stores via POS terminals installed by Whitepay. It is reported that buyers can use more than 130 different cryptocurrencies to make purchases, and more cryptocurrencies will be supported in the future.

Estonia-based Whitebit, a major European cryptocurrency 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 foreign ministry to provide assistance to its anti-crisis center and support Ukrainian refugees through its representation abroad.

Ukraine offers fast shopping with cryptocurrencies

Whitepay introduced cryptocurrency payments for products offered by Ukrainian major technology stores in August. Customers of retailers such as Tehnoezh and Stylus can now use the services provided by the payment platform built by Whitebit.

Over the past few years, Ukraine has emerged as a leader among countries adopting cryptocurrencies. With the adoption of cryptocurrencies and efforts to regulate the industry, the number of Ukrainians using Bitcoin continues to increase.

Both the Kyiv government and volunteer groups are actively raising funds through cryptocurrency donations to fund defense and humanitarian initiatives. The crypto community has responded to calls for help. In June, Binance released a special crypto card for Ukrainian refugees.

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

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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