Konzum, the biggest grocery store chain in Croatia, is maintaining with the instances by debuting funds in cryptocurrencies like Bitcoin (BTC).
The corporate formally announced on Dec. 1 that it now accepts 9 cryptocurrencies for fee in its on-line retailer, permitting prospects to make use of crypto to purchase groceries, hygiene merchandise and family provides.
In line with the announcement, the supported cryptocurrencies embody Bitcoin, Ether (ETH), Bitcoin Money (BCH), EOS, Dai (DAI), XRP, Stellar (XLM), in addition to stablecoins like Tether (USDT) and USD Coin (USDC).
To allow the brand new crypto fee choice, Konzum partnered with a neighborhood crypto fee processor Electrocoin to implement PayCek, a system that enables retailers to just accept cryptocurrency funds. Making an allowance for the excessive volatility of crypto costs, the PayCek system ensures patrons a set trade price firstly of the transaction, offering sufficient time for profitable execution, the announcement notes.
Whereas Konzum solely accepts crypto on-line in the meanwhile, it plans to broaden the fee choice throughout its grocery store chain within the close to future. The retailer runs over 700 shops in Croatia and has greater than 10,000 staff.
In line with Konzum board member Uroš Kalinić, the introduction of crypto funds reveals the corporate’s dedication to international developments and improvements within the retail sector.
“As the biggest retail chain in Croatia, which in its historical past of virtually 65 years is a steady chief within the home market by way of enterprise outcomes and technological achievements, we’re proud to be leaders in one other space that’s quickly growing and forming the long run,” he mentioned.
Konzum didn’t instantly reply to Cointelegraph’s request for remark.