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Ukrainian pharmacies enable crypto payments via Binance Pay

Published on

January 3, 2023
Read Time:1 Minute, 46 Second

Pharmacies in Ukraine are turning to digital funds amid the continuing conflict, with a serious native pharmacy chain enabling funds in cryptocurrencies like Bitcoin (BTC).

ANC Pharmacy, one of many largest pharmacy chains in Ukraine, has partnered with Binance Ukraine to supply cryptocurrency funds by contactless crypto cost service Binance Pay for the primary time.

From January third, ANC Pharmacy allowed its clients to proceed with immediate funds whereas shopping for pharmacy merchandise on-line, the pharmacy chain official announced on Tuesday.

ANC pharmacy is working greater than 1,000 pharmacies throughout Ukraine working their very own on-line pharmacy service. In line with an official announcement, Binance Pay funds will first be rolled out in pharmacies in Kyiv.

The brand new cost function will likely be out there in ANC pharmacies in addition to pharmacies operated by ANC Pharmacy comparable to Kopiyka and Shara. “ANC, Kopiyka and Shara are the primary pharmacies in Europe to just accept crypto,” reads the official announcement.

To proceed with a crypto cost at ANC pharmacies, customers must obtain the Binance software after which go to the ANC.ua web site. After deciding on a product to order on-line, customers pays utilizing the Binance Pay service and gather the order from a most well-liked pharmacy.

A spokesman for Binance Ukraine didn't instantly reply to Cointelegraph's request for remark.

Associated: Ukraine is working with worldwide consultants to replace the crypto framework

Binance has actively promoted its presence in Ukraine lately. In September 2022, Binance additionally partnered with Ukrainian grocery store chain Varus, permitting clients to pay for grocery purchases by their Binance Pay pockets.

In early February 2022 — or weeks earlier than Russian troops invaded Ukraine — Kirill Khomyakov, Common Supervisor of Binance Ukraine, informed Cointelegraph that launching a Binance Card in Ukraine is certainly one of Binance's prime priorities for 2022.

In line with Khomyakov, crypto funds by providers like Binance Card are usually not in battle with Ukrainian legal guidelines as there isn't a ban on crypto-based transactions in Ukraine. On the similar time, native legal guidelines don't enable direct funds in cryptocurrencies like Bitcoin.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : January 3, 2023
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