An Estonian crypto payments processor, Paytomat, helps with the global cryptocurrency adoption. In this direction, the company operates in six European countries (Ukraine, Georgia, the Netherlands, Czech Republic, Bulgaria, Poland) allowing over 329 merchants to accept Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), EOS, Dash (DASH), NEM (XEM), Nano (NANO), and ZenCash (ZEN). Now, Ukrainians can pay for fruits and vegetables via Paytomat.
Clients can use their preferred crypto wallets or directly the Paytomat app, available for Android and iOS, and pay in the cryptocurrency they choose (from those available – see above) and conduct the transaction after they scan the QR code. Once the payment is set, Paytomat makes the exchange from the respective cryptocurrency to the retailer’s fiat money.
Ukrainians can now pay fruits and vegetables using crypto, bringing cryptocurrency adoption to the next level
Ukraine adopted this system with its Bessarabsky Market in Kiev, the capital of Ukraine. This place is a very appreciated location for locals, as well as for tourists. This market’s merchants only sell high-quality fruits and vegetables, although at higher prices than usual.
However, only some of the retailers at the Bessarabsky Market adopted cryptocurrency as a payment method via Paytomat, but, so far, the system is successful.
“What can you tell me about adoption? @paytomat @NEMofficial @ltc @Dashpay @ZenCashAsia @horizenglobal @zcoinofficial @_pivx @scashofficial @eoscafe @eosalliance1,” tweeted Paytomat CEO, Yuri Olentyr.
On the other hand, Bessarabsky Market’s Director, Nikolay Kovalchuk, hopes the new crypto payment solution would attract a new audience, the cryptocurrency enthusiasts. Also, according to Aleksandr Kurinnoi, Paytomat’s Ukrainian operational director, “the hardest part was convincing the single available merchant that will receive the exact amount of hryvnias in cash settlement.”
According to its site, Paytomat offers three methods to use crypto for payments, such as via POS-terminals, via a web panel, or via a single QR code. However, the company plans to enhance cryptocurrency adoption with new payments solutions including chatbots and web payments via free e-commerce plugins.
Source: Read Full Article