This Ukrainian supermarket decided to accept crypto via Binance Pay

by Arthur · September 17, 2022

Binance has recently announced that VARUS, a Ukrainian supermarket chain, will now accept crypto. It announced that it had recently partnered with the supermarket chain and will now facilitate crypto payments for customers buying groceries.

This transaction will take place through the Binance Pay Wallet. VARUS happens to be one of the largest grocery companies in Ukraine.

There are a total of 111 stories in 28 different cities in the country.

VARUS believes that this partnership will now allow customers to access crypto payments, which can make delivery seamless and faster.

This function of digital asset payment is now made available in 9 cities, which are Kyiv, Dnipro, Kamianske, Kryvyi Rih, Zaporizhzhia, Brovary, Nikopol, Vyshhorod and Pavlograd.

Customers who wish to pay via digital asset must download and install the Binance app on their Android and iOS devices.

After this step is completed, users will be prompted to go to the VARUS website and select the products they wish to purchase.

Once the selection is over, customers can pay directly with digital money from the Binance Pay Wallet.

Ukrainian customers have the option to pay with crypto on many websites now

A report also stated that earlier this year, the Binance Pay service was integrated by Foxtrot, which is the Ukrainian chain of home appliances and electronics stores.

Whitepay, a crypto payment platform, also recently introduced digital asset payments for the products offered by Ukrainian tech stores last month.

Retailers such as Tehnoezh and Stylus now offer their services to customers by offering a payment platform operated by Whitebit, a European exchange based in Ukraine.

Ukraine, especially in recent years, has proven to be a regional leader in crypto adoption. The nation has also made efforts to regulate the industry in a better way.

Humanitarian efforts through crypto donations in Ukraine

Ukraine has been devastated by war, and cryptocurrency in particular has come through to help those in need.

Both the government in Kyiv and volunteer groups have worked to raise funds through crypto-donations to fund defense and humanitarian initiatives.

The crypto community has been active and has stepped in to help and provide the necessary assistance to Ukraine.

Binance has also issued a crypto card specially made for the Ukrainian refugees.

This year’s Kyiv Tech Summit, which was held between September 6 and September 9 in Ukraine, was attended by Ethereum founder Vitalik Buterin. He mentioned that “Ukraine may well become the next Web3 hub”.

Additionally, he stated,

A country can become a Web3 hub if its citizens are actively interested in this technology and decide to make a major contribution to its development. Ukraine has both the capabilities and the will to do this.