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Croatia's largest supermarket chain starts accepting crypto payments

Croatia's largest supermarket chain starts accepting crypto payments

Croatia's largest retailer Konzum launched a cryptocurrency payment service on December 1. According to Reuters, such an option is only available in the Internet store for online orders. Still, soon, it will be extended to all offline stores, totaling more than 700 across the country.

Nine cryptocurrencies are accepted for payment, such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), Dai (DAI), Ripple (XRP), Stellar (XLM), and Stablecoin USDT (Tether) and USDC (USD Coin). 

Konzum's collaboration with Croatian fintech company Electrocoin made such payments possible. All transactions will be processed through the PayCek cash system. 

Customers will be protected from exchange rate fluctuations of highly volatile crypto assets by fixing the rate when paying. 

Uros Kalinic, CFO and Konzum board member, said the company is always open to new technologies and payment tools.

It should be mentioned that Konzum is part of Fortenova Grupa, which is the largest producer and retailer of food products in the Balkan region.

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