Croatia’s Largest Supermarket Chain Accepts Bitcoin (BTC) and XRP payments

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Cryptocurrency Crash Continues With Double-digit Losses in Bitcoin and Ethereum
Cryptocurrency Crash Continues With Double-digit Losses in Bitcoin and Ethereum

The facts have proven that 2021 will be the year crypto technology breaks the mainstream, and crypto companies have attracted $21 billion in funding the same year.

Croatia’s Largest Supermarket Customers Can Pay with Bitcoin and Other Altcoins

According to an announcement on December 1, the retail chain Konzum, the largest supermarket chain in Croatia, is accepting crypto payments in its online shop. Konzum is the first retail giant in Croatia to accept Bitcoin (BTC) and other altcoins as payment. Individuals and companies can now use cryptocurrency to buy their daily needs and 12,000 products in the Konzum online shop.

Konzum plans to expand its crypto payment options to physical retail stores across the country in the coming months. The store stated that crypto payments will be as seamless as card payments. Users just need to select one of nine crypto payment options and scan the barcode to complete the transaction. Customers can pay with Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), EOS, DAI, XRP, Stellar Lumen (XLM), Tether (USDT) and USDC.

Uros Kalinic, a member of the Konzum Finance and IT Management Committee, stated that the advent of cryptocurrency payments is another indicator of Konzum’s continued focus on global trends, innovation and the development of retail standards. They will also continue to invest in innovation and technology development.

The cooperation with the local fintech company Electrocoin will promote crypto payments in the online shops of retail chains. Electrocoin has developed a new crypto payment processor called PayCeck. The PayCeck system also eliminates the risk of cryptocurrency fluctuations and offers customers a fixed payment exchange rate.

Crypto Acceptance Rate Continues to Rise

As crypto adoption continues to grow, cryptocurrency companies have become more mainstream, existing retail and movie giants have also added cryptocurrencies to their payments following the increased popularity of cryptocurrencies. AMC Cinemas, the largest US cinema chain, previously introduced a crypto payment option.

El Salvador is another case in point of Bitcoin’s success after it became legal tender. Whether a small car owner selling fast food or a large fast-food chain like McDonald’s, they all accept Bitcoin as a means of payment and customers use this service daily.