Business

Erik Gibbs

Ukrainian Farmer’s Market now accepts Bitcoin BCH, other crypto

A Farmer’s Market in the Ukrainian capital of Kiev now offers its patrons the ability to buy their fruits and vegetables with Bitcoin BCH and other cryptocurrencies. The Bessarabian market is testing a project with crypto payment processor Paytomat that allows users to pay for a variety of products using one of the 11 supported cryptocurrencies. It’s another example of the continued advance of digital currency as a legitimate alternative to fiat.

According to Paytomat’s operational director, Aleksandr Kuinnoi, “At the moment this feature is working in test mode at a single vendor. With the help of a cryptocurrency wallet app customer can scan QR-code. After this, the customer is automatically transferred to the cryptocurrency converter page where he needs to enter the purchase price in hryvnias. Next, the customer transfers payment to merchant’s wallet in cryptocurrency of their choice and after the merchant gets a notification of funds being received, this transaction comes to a logical conclusion.”

The pilot program settled on the Bessarabian market due to its popularity. Kuinnoi explained, “The main idea is the symbiosis of traditions and innovations. We chose [the] Bessarabian market because it is a well-known tourist attraction and cryptocurrencies are a universal payment tool in any country.”

Paytomat has become one of the most productive crypto payment solutions in the Ukraine. It has rolled out a number of payment services that are now seen in beauty salons, schools, online stores, cafes and clinics around the country. It now works with more than 330 merchants and provides a variety of solutions, including point-of-sale terminals, QR code solutions, web panels and a plugin for WordPress to allow a site to act as a cryptocurrency gateway.

Cryptocurrency regulation in the Ukraine is approaching quickly. It still isn’t ready to be accepted as a recognized legal tender, but the more it is accepted as a fiat alternative, the better its chances are of mainstream adoption.

As proven by the recent stress test, Bitcoin BCH has been shown to have one of the strongest cryptocurrency blockchains. It’s because of this, in part, that the digital currency is a favorite among retailers, as it provides fast transaction times at extremely low costs. As each day brings new adoption of the cryptocurrency, it will continue to prove itself as the perfect global retail digital currency.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT