THE DAILY ENCRYPT

September 25, 2022

Binance to Facilitate Crypto Payments in Ukrainian Grocery Chain Varus

Varus, a retailer that has over 100 stores in Ukraine, has partnered up with Binance to offer cryptocurrency payments....
binance varus crypto payments
Image by The Daily Encrypt

Varus, a retailer that has over 100 stores in Ukraine, has partnered up with Binance to offer cryptocurrency payments. Customers can now order groceries online and pay the bill using a BinancePay wallet.

Binance, the world’s largest cryptocurrency exchange, and Varus, Ukraine’s grocery chain, have announced a partnership that will enable Ukrainian consumers to buy food online using digital coins.

Customers can use the Binance or Varus apps to receive instant crypto payments and quick delivery in nine cities in Ukraine: Kyiv, Dnipro Kamianske and Kryvyi Rh, Zaporizhzhia and Brovary.

Customers can order from Varus’s online store and checkout using crypto via Binance

The Binance app will be required to be downloaded and installed on the Android or iOS of crypto owners in order to take advantage the payment option. They can then go to Varus to select the products that they wish to purchase and send digital money to Binance Pay.

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Forklog reported on the new payment method’s announcement in a report. Forklog notes that Binance Pay was first integrated earlier this year by Foxtrot, a Ukrainian chain of electronics and home appliances stores.

In August, Whitepay began accepting cryptocurrency payments from major Ukrainian tech shops. Whitebit, a European cryptocurrency exchange with Ukrainian roots, now offers a payment platform that allows customers of Tehnoezh or Stylus to use.

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Ukraine has been a leader in cryptocurrency adoption over the last few years and has made efforts to regulate it. The popularity of bitcoin and other digital currencies is increasing despite ongoing conflict with Russia.

Both the government of Kyiv as well as volunteer groups have actively raised funds through cryptocurrency donations in order to finance humanitarian and defense projects. To help, the crypto community responded. Binance released a special cryptocurrency card in June for Ukrainian refugees.

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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