Crypto News

Croatia’s Largest Food Retailer Konzum Accepts Crypto in Online Shops

The largest meals producer and retailer in the Western Balkan area – Konzum – turned the primary retail chain in Croatia the place clients will pay with digital property. Currently, such transactions can be found solely in the web retailer, however the company plans to introduce the service throughout its supermarkets in the close to future.

In addition, the main tech-focused North American e-retailer – Newegg – introduced it can settle for Shiba Inu (SHIB) as a type of fee on its platform in the course of the Christmas holidays. Nothing – a London-based client technology company – can even permit cryptocurrency settlements for its latest product.

Crypto Invades The Balkan Peninsula

Konzum – Croatia’s largest grocery store chain with greater than 10,000 staff – revealed it can enter the cryptocurrency trade by accepting a number of digital property as a method of fee. These embody Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), Dai (DAI), EOS (EOS), Tether (USDT), and USD Coin (USDC).

To allow such funds, Konzum cooperated with the home fintech company Electrocoin and its PayCek system, generally known as Croatia’s first cryptocurrency fee processor. Given the volatility of most digital tokens, the latter will assure the customer a set change rate at first of the transaction and supply sufficient time for profitable execution.

Uroš Kalinić – Member of the Management Board of Konzum for Finance and IT – famous that Konzum is consistently monitoring international developments hinting that the cryptocurrency trade is one in all them.

“As the largest retail chain in Croatia, which in its almost 65-year history is a continuous leader in the domestic market in terms of business results and technological achievements, we are proud to be leaders in another area that is rapidly developing and dictating the future,” he summarized.

Konzum is just not solely the main grocery store chain in Croatia but in addition the most important in the Western Balkan space. Apart from its homeland, it stretches to 2 different nations – Bosnia and Herzegovina and Serbia. The retail big serves over 650,000 clients every day in its greater than 700 shops, because the cryptocurrency choice can be out there in a few of them in the upcoming months.

Newegg And Nothing Follow The Trend

Another main e-commerce company that embraced further digital asset settlements not too long ago is Newegg. The California-based agency, which accepted bitcoin as a fee technique in 2014, now added the favored meme coin Shiba Inu (SHIB) to its checklist of supported digital property. Interestingly, it made the information official by displaying it on The Reef – North America’s largest DOOH billboard positioned in downtown Los Angeles.

Shiba Inu Billboard, Source:

Earlier this year, Newegg was one of many first corporations globally to simply accept SHIB’s largest rival – Dogecoin (DOGE). Later on, it additionally added Litecoin (LTC).

Andrew Choi – Director of Brand Marketing on the company – admitted that clients are extremely in cryptocurrencies. Giving them choices to make use of bitcoin and the choice cash as a fee technique offers “greater flexibility.”

Subsequently, Nothing – a technology company based by Carl Pei (OnePlus’s Co-Founder) – dived in the cryptocurrency bandwagon by accepting digital asset funds for its Nothing ear (1) black version wi-fi earbuds. Those cash are Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and Dogecoin (DOGE).

The fee choice is out there in Nothing’s on-line shops in the next nations: the UK, the USA, Canada, Belgium, France, Germany, Greece, Italy, and Japan.


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