Bitcoin Accepted For Payment By The 2 Largest Tech Retailers Of Ukraine

Techno Їzhak and Stylus, two of Ukraine’s largest tech-based retailers, have now begun accepting Bitcoin as a form of payment. 

The two giant tech retailers will permit users to pay for goods and services in $BTC, according to a report by Bitcoin Magazine, citing regional news source Obozrevatel. According to the rumors, the startup will use payment processor Whitepay to act as a middleman between clients and merchants. Whitepay is a division of the European-based cryptocurrency exchange WhiteBIT.

According to the report, users will be able to pay with Bitcoin both online and at physical stores, which number more than 100 retail sites between the two digital companies. Customers can use Whitepay’s unique point-of-sale technology to make in-person payments, which gives retailers a QR code to record the transaction. The current exchange rate and the time it takes for the network to process the transaction will also be included in the QR code.

The study claims that throughout the Russian invasion, Ukrainian interest in Bitcoin has increased. A “On Virtual Currency” bill that Volodymyr Zelensky, President of Ukraine, approved earlier this year creates a legal foundation for Bitcoin to function with the nation’s economy.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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