{"id":7419,"date":"2022-08-19T13:44:43","date_gmt":"2022-08-19T13:44:43","guid":{"rendered":"http:\/\/ci02a924f8d00025f2"},"modified":"2022-08-19T13:44:43","modified_gmt":"2022-08-19T13:44:43","slug":"two-large-ukrainian-tech-retailers-now-accept-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/two-large-ukrainian-tech-retailers-now-accept-bitcoin","title":{"rendered":"Two Of Ukraine\u2019s Largest Tech Retailers Now Accept Bitcoin"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>Two of Ukraine\u2019s largest tech retailers now accept bitcoin as payment for goods and services. <\/li>\n<li>Whitepay is providing the necessary payments infrastructure enabling in-store and online purchases.<\/li>\n<li>Ukrainian demand for daily bitcoin use grows as war efforts continue.<\/li>\n<\/ul>\n<p>Two of the largest technology retailers in Ukraine, <a href=\"https:\/\/tehnoezh.ua\/\" target=\"_blank\" rel=\"noopener\">Techno \u0407zhak<\/a> and <a href=\"https:\/\/stylus.ua\/\" target=\"_blank\" rel=\"noopener\">Stylus<\/a>, now accept bitcoin as payment for goods and services, per a report from local news outlet <a href=\"https:\/\/news.obozrevatel.com\/economics\/cryptocurrency\/iphone-za-bitkoin-krupnejshie-seti-magazinov-tehniki-i-whitepay-zapustili-oplatu-v-kriptovalyute.htm\" target=\"_blank\" rel=\"noopener\">Obozrevatel<\/a>. <\/p>\n<p>Whitepay, a payments infrastructure provider, serves as the infrastructural backbone to facilitate transactions between customers and merchants. Whitepay is under the same umbrella as <a href=\"https:\/\/whitebit.com\/ua\" target=\"_blank\" rel=\"noopener\">WhiteBIT<\/a>, one of Europe\u2019s largest cryptocurrency exchanges. <\/p>\n<p>Bitcoin can be used with both retailers on online purchases or at their respective retail locations, which together amount to over 100. For in-store purchases, Whitepay custom point-of-sale (POS) system prints off a QR code on a receipt allowing merchants to see the exchange rate, transaction type, network, commissions paid and the amount of time from the start to the end of the transaction. <\/p>\n<p>Ukrainian interest and commercial use for bitcoin has grown substantially in the wake of the Russian invasion. Previously, the country\u2019s president signed a \u201cOn Virtual Currency\u201d <a href=\"https:\/\/bitcoinmagazine.com\/markets\/ukrainian-president-zelensky-signs-law-legalizing-bitcoin\">bill<\/a> into law providing a legal framework outlook for bitcoin to function in the economy since legislation prevented the government from accepting bitcoin donations at that time. <\/p>\n<p>The signing of the bill followed an increased <a href=\"https:\/\/bitcoinmagazine.com\/culture\/ukrainians-embrace-bitcoin-for-daily-purchases-nydig-report\">demand<\/a> for bitcoin\u2019s use as a daily currency which was prompted by the influx of bitcoin <a href=\"https:\/\/bitcoinmagazine.com\/business\/4-million-in-bitcoin-has-been-donated-to-ukraine-military-support-groups\">donations<\/a> being sent to military aid groups. <\/p>\n<p>Mykhailo Fedorov, Ukraine\u2019s minister for digital transformation, recently <a href=\"https:\/\/twitter.com\/FedorovMykhailo\/status\/1559923193581899777?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1559923193581899777%7Ctwgr%5E33cc87301a2961f7d9c728134dcfe359497a5f28%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fpolicy%2F2022%2F08%2F17%2Fukraine-bought-weapons-drones-with-crypto-donations%2F\" target=\"_blank\" rel=\"noopener\">announced<\/a> that $54 million of aid provided through bitcoin and other cryptocurrencies was used to provide the intended military support.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukrainian tech retailers Techno \u0407zhak and Stylus now accept bitcoin online and in-store as demand for bitcoin as a daily currency grows amid war efforts.<\/p>\n","protected":false},"author":2785,"featured_media":5474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,112,125,93,1321],"class_list":{"0":"post-7419","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-bitcoin-adoption","10":"tag-bitcoin-payments","11":"tag-news","12":"tag-ukraine"},"author_data":{"id":2785,"name":"Shawn Amick","nicename":"shawn-amick","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/MjEwMTYzMzc3Njg5ODYzNjQ2-96x96.webp"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/ukraine2.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=7419"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5474"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=7419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=7419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=7419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}