2023-02-06
Bitcoin Global News

Ukrainian pharmacies enable crypto payments via Binance Pay

Ukraine continues adopting cryptocurrency payments with crypto exchange Binance amid the ongoing war with Russia.

Pharmacies in Ukraine are embracing digital payments amid the ongoing war, with a major local chain enabling payments in cryptocurrencies like Bitcoin BTC $16,639.

ANC Pharmacy, one of the biggest pharmacy chains in the country, has partnered with Binance Ukraine to debut cryptocurrency payments via contactless crypto payment service Binance Pay.

ANC Pharmacy is now enabling its customers to proceed with instant payments while purchasing pharmacy products online, the chain officially announced on Jan. 3.

The pharmacy chain operates more than 1,000 pharmacies across Ukraine, running its own online pharmacy service. According to the announcement, Binance Pay payments will be initially rolled out in Kyiv.

The new payment feature will be available at ANC pharmacies as well as ANC Pharmacy-operated stores like Kopiyka and Shara. “ANC, Kopiyka and Shara are the first pharmacies in Europe to accept crypto,” the announcement states.

In order to proceed with a crypto payment, users need to download the Binance application and then go to ANC’s website. After choosing a product to order online, users will be able to pay using Binance Pay and pick up the order at a preferred location.

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A spokesperson for Binance Ukraine did not immediately respond to Cointelegraph’s request to comment.

Related: Ukraine collabs with international consultants to update crypto framework

Binance has been actively pushing its presence in Ukraine over the past few years. In September 2022, Binance partnered with the Ukrainian supermarket chain Varus, allowing customers to pay for grocery purchases through its Binance Pay Wallet.

In early February 2022 — just weeks before Russian forces invaded Ukraine — Binance Ukraine’s general manager, Kirill Khomyakov, told Cointelegraph that launching a Binance Card in Ukraine was one of its top priorities for 2022.

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 the country. At the same time, local laws do not allow direct payments in cryptocurrencies like Bitcoin.

Source : Cointelegraph.com