Besarabskyi Market In Kiev Accepts Cryptocurrency Too

• by admin
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• March 25, 2019
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• Cryptocurrency News

Besarabskyi Market, an indoor marketplace in downtown of Ukraine’s capital, is said to be experimenting with cryptocurrency payments. UNIAN, Ukraine’s prominent news outlet, wrote that Market goers can buy fruits and vegetables with a number of cryptocurrencies including Bitcoin and Bitcoin Cash.

The news was first announced on the market’s Facebook page.

The new payment option is reportedly handled via the Paytomat payment system that supports many popular cryptocurrencies such as Bitcoin, Bitcoin Cash, Bitcoin Gold, EOS, NANO, WAVES, Dash, Litecoin, NEM, and Ethereum as reported by Liga.net.

Buyers scan a QR code, make a payment, then sellers receive the payments in fiat Ukrainian hryvnias after an instant conversion. Last fall only one market stall supported the new payment option, and one more venue the Green 13 vegan street food café was planning to do so.

Nikolay Kovalchuk, Besarabskyi Market’s managing director, as quoted by the Ukrainian outlet Bykvu, hopes the new payment option will attract crypto enthusiasts and increase customer loyalty and sales. The market is a popular place with foreign tourists, and many of them are familiar with crypto payments.

The move is part of Paytomat’s efforts to introduce cryptocurrency in a number of cafes, restaurants, online stores, clinics, schools, and beauty salons in Ukraine and in some countries abroad. As of 2018, Paytomat supported 11 cryptocurrencies and worked with over 330 merchants.

According to UNIAN, the market’s management promised to help the popularize cryptocurrency if they see demand for this type of transactions.

So, if you are visiting Ukraine, you may as well visit Besarabskyi Market and stock on veggies and fruits using cryptocurrency. At the time of writing, however, it is unknown whether they still have this offering.