Whitepay, a payment processor established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented cryptocurrency payments in Ukraine’s largest tech stores. This innovative move enables Ukrainian customers to purchase electronics and other products using digital coins, thanks to Whitepay’s services.
According to a report from crypto news outlet Forklog, Whitepay, one of the platforms operating as part of the Whitebit’s ecosystem, has integrated cryptocurrency payments for products offered by major Ukrainian tech stores. Among the electronics retailers whose customers will benefit from the new service are Tehnoezh (Техно Їжак in Ukrainian) and Stylus, which manage leading online platforms in the sector.
The integration allows buyers to use more than 130 different digital currencies for their purchases, and the plan is to expand the list of supported digital coins in the future. Ukrainian crypto holders can pay with digital assets through appropriate forms at the online stores or at 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 significant popularity among Ukrainians in the past few years, and the country has become a leader in Eastern Europe in terms of adoption. As a result, Kyiv has taken steps to regulate the industry, and since Russia invaded the country in late February, the government and volunteer groups have been relying on crypto donations to finance their defense and humanitarian efforts.
The Estonia-headquartered Whitebit, a major European crypto exchange originating from Ukraine, has been participating 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.
In addition, other crypto companies have also offered help. For instance, Binance, the world’s largest digital asset exchange by daily trading volume, issued a special crypto card for Ukrainians forced to leave their homes behind due to the ongoing military conflict with Russia.
In conclusion, Whitepay’s move to enable crypto payments in major tech stores in Ukraine is a significant step towards the further adoption of digital currencies in the country
