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Binance joins hand with grocery chain store VARUS to offer crypto as mode of payment 

Binance has announced that it has formed a partnership with the VARUS grocery store chain in Ukraine, and as part of this cooperation, VARUS will accept virtual currency rewards for products that are bought using the Binance Pay Wallet.

The local supermarket might be considered one of the largest in all of Ukraine. It has 111 sites, and they are dispersed over 28 towns. According to the business, its customers will have immediate access to digital currency payment transactions and quick shipping as a result of this collaboration in nine Ukrainian towns: Pavlograd, Vyshhorod, Nikopol, Brovary, Zaporizhzhia, Kryvyi Rih, Kamianske, and Dnipro in addition to Kyiv.

According to the companies, customers who use VARUS’s Delivery service to purchase an item with a value more than UAH 500 and who also spend the same amount using Binance Pay will get a compensation of at least UAH 100 for their combined purchases.

The future centre for cryptocurrency, Ukraine

The future centre for cryptocurrency, Ukraine
The future centre for cryptocurrency, Ukraine

Whitepay is a Ukrainian company that specialises in point-of-sale (POS) systems and digital money payments. A month earlier, Whitepay developed new software that enables Ukrainians to pay for electronic goods and other product lines using virtual currency.

The source for news on virtual currencies Forklog mentioned in a document on the declaration of the digital payment method that Binance’s Pay system was incorporated in 2022 by the Ukrainian system of household appliance and device retail locations known as Foxtrot. This information was included in the document on the digital payment method.

Whitepay started taking payments in cryptocurrencies like Bitcoin and Ethereum in August of last year for products supplied by major electronic retailers in Ukraine. Customers shopping at retail establishments like Tehnoezh or Stylus now have access to the payments system that was established by Whitebit. Whitebit is a cryptocurrency exchange based in Europe that has its roots in Ukraine.

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Reporter
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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