Konzum, Croatia’s largest supermarket chain, is now accepts nine cryptocurrencies for payment, allowing users to pay for groceries, hygiene products, and household items with crypto
Konzum now accepts crypto as payment
According to the company, its online store now accepts nine cryptocurrencies for payment, allowing users to pay for groceries, hygiene products, and household items with crypto.
The announcement lists Bitcoin, Ether (ETH), Bitcoin Cash (BCH), EOS, Dai (DAI), XRP, Stellar (XLM), and USD Coin as supported cryptocurrencies (USDC).
Konzum implemented PayCek, a system that allows merchants to accept cryptocurrency payments, in partnership with local crypto payment processor Electrocoin. Given the extreme volatility of crypto prices, the PayCek method assures buyers a set exchange rate at the start of the transaction, allowing for smooth execution.
Currently, the company only accepts bitcoin online but hopes to broaden the payment option soon. The company employs around 10,000 people in Croatia and has 700 outlets.
According to Konzum board member Uro Kalini, crypto payments demonstrate the company’s dedication to global retail trends and developments.
“As the largest retail chain in Croatia, we are happy to be leaders in another area that is fast rising and defining the future,” he stated.
A request for a response from Cointelegraph went unanswered.
