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Topic: Ukrainian pharmacy chain introduces cryptocurrency payments - page 2. (Read 292 times)

full member
Activity: 1442
Merit: 108
Oh wow, this is pretty big. As a Ukrainian, I can tell you that it's indeed one of the major pharmacies in Ukraine, available widely in various regions (you can see the regions covered and the sheer number of their pharmacies here: https://anc.ua/map). The info on the website of the pharmacy network says that it's via Binance Pay, and currently from online orders (click and collect ones) but they will gradually start accepting crypto payments in the pharmacies as well. I know it's not ideal that it's via a centralized exchange, but I don't think it's because they want to promote it specifically. Rather, it's because Binance is already popular in Ukraine, it is a reputable service, and it's easy to integrate its payment system, I assume, for purchases. It's a good first step, a very good one. And keep in mind that with the war, pharmacies are especially important.
Nice to hear firsthand experience from real user. That is the beauty of internet forums , we have people from all over the world sharing their experiences with other members.
legendary
Activity: 3472
Merit: 10611
Rather, it's because Binance is already popular in Ukraine, it is a reputable service,
There is no such thing as a reputable centralized exchange. There are only centralized exchanges that haven't gone under or run away yet.
Another negative thing about news like this is that usually the payment processors sell the cryptocurrency they receive right away and pay the merchant with fiat. This means they aren't really receiving cryptocurrency, they receive fiat.
The only positive thing is for users who want to pay with cryptocurrency and now they can.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Funnily enough, a DeFi project on the Terra network named Anchor(with ticker ANC) pumped near the time that Binance's CZ posted this tweet: https://twitter.com/cz_binance/status/1610292474714656770

Probably just a coincidence, but LOL.



https://www.coingecko.com/en/coins/anchor-protocol
hero member
Activity: 1050
Merit: 844
Link to news
https://news.bitcoin.com/ukrainian-pharmacy-chain-introduces-cryptocurrency-payments/

Ukrainian pharmacy chain ANC will now allow customers to pay by crypto like bitcoin. Another good move towards global crypto adoption. Hope much more companies start doing the same in the year 2023.
This is good news for crypto and Bitcoin because more and more people are willing to accept Bitcoin for payment and I think they are starting to like Bitcoin after getting to know it a bit more. But I just went straight to the website of the news source you shared and read about this that the Pharmacy has just introduced cryptocurrency payments using Binance Pay which was just implemented two days ago.

But there is another piece of news just made by news.bitcoin.com which is that Hackers Hit Romanian Hospitals, and Demand Bitcoin Ransom so computer specialists from the Investigation Directorate of Organized Crime and Terrorism as well as experts working for Romanian cybersecurity company Bitdefender are unable to decrypt the information the.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Quote
To take advantage of the service, customers will have to download and install the Binance app, go to the ANC website, place an order and cover the bill using Binance Pay. Then they can receive the products or pick them up at any of the chain’s stores.

It's also quite expected, I don't think a company in a war zone would be able alone to deal with direct crypto payments, so thinking of paying directly with bitcoin is probably daydreaming, but still, it's Binance, and I have a feeling they will again put their fake bitcoin and stable coins on top of the bitcoin payment option.
Also, from the press release:

Quote
According to Khomyakov, crypto payments via services like Binance Card do not conflict with Ukrainian laws because there is no ban on crypto-derived transactions in Ukraine. At the same time, local laws do not allow direct payments in cryptocurrencies like Bitcoin.

This needs to change but probably Ukraine has 1 million more important things to do right now.
legendary
Activity: 3248
Merit: 1402
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Oh wow, this is pretty big. As a Ukrainian, I can tell you that it's indeed one of the major pharmacies in Ukraine, available widely in various regions (you can see the regions covered and the sheer number of their pharmacies here: https://anc.ua/map). The info on the website of the pharmacy network says that it's via Binance Pay, and currently from online orders (click and collect ones) but they will gradually start accepting crypto payments in the pharmacies as well. I know it's not ideal that it's via a centralized exchange, but I don't think it's because they want to promote it specifically. Rather, it's because Binance is already popular in Ukraine, it is a reputable service, and it's easy to integrate its payment system, I assume, for purchases. It's a good first step, a very good one. And keep in mind that with the war, pharmacies are especially important.
sr. member
Activity: 812
Merit: 254
Leading Crypto Sports Betting & Casino Platform
Link to news
https://news.bitcoin.com/ukrainian-pharmacy-chain-introduces-cryptocurrency-payments/

Ukrainian pharmacy chain ANC will now allow customers to pay by crypto like bitcoin. Another good move towards global crypto adoption. Hope much more companies start doing the same in the year 2023.
This will be a great first step for crypto because previously ukraine has also tried to accept donations due to the war using bitcoin, so I think the ukraine government is starting to openly and understand if bitcoin and crypto have a bigger function than just investment, even though in the law has stated that so far Ukraine has not allowed transactions using crypto directly, but now after that the many benefits of crypto have been felt by Ukraine since the war occurred then I think Ukraine may soon follow in Salvador footsteps to adopt crypto or bitcoin globally in the country later.
hero member
Activity: 700
Merit: 673
According to the statement what they plan to do is to start accepting payment directly using Binance Pay which is another means of promoting the Centralized exchange Binance.
If they truly want to promote the use of crypto and add safety why doing so, they should make an effort by getting a hardware wallet which they can generate a QR code for the receiving address print and paste it around the shop, so that customers can just scan the address and make payment. their is no doubt that Binance Pay will be faster in receiving payment of its also too risky since they don't have the key to the wallet.
"Not Your Key Not your coin"
full member
Activity: 1442
Merit: 108
Link to news
https://news.bitcoin.com/ukrainian-pharmacy-chain-introduces-cryptocurrency-payments/

Ukrainian pharmacy chain ANC will now allow customers to pay by crypto like bitcoin. Another good move towards global crypto adoption. Hope much more companies start doing the same in the year 2023.
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