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ANC Pharmacy and Binance became partners to enable crypto payments

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Indrani bose Follow

INDIA

Jan, 10 2023

Jan, 10 2023

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    ANC Pharmacy which is one of the largest Ukrainian pharmacy chains and Binance became partners to enable crypto payments. Customers can now purchase medicines using a variety of cryptocurrencies.


    The payment system established by the world's largest digital asset exchange by trading volume, Binance Pay is now being used by ANC to accept cryptocurrencies. The new payment mechanism will be available online. The firm claims to be the first pharmacy chain in Europe to provide it and owns hundreds of drugstores across Eastern European nation. Also runs its pharmacy service online.


    The new payment method has been available since starting from January 3, according to the firm.


    It enables individuals and organizations worldwide to spend, transmit, and receive over 70 digital currencies such as bitcoin. To use the service, consumers must first download and install the Binance app, then go to the ANC website, place an order, and pay with Binance Pay. The merchandise can then be delivered or picked up at any of the chain's locations. Under its brand name, ANC maintains a network of pharmacies that includes various other Ukrainian brands such as Blagodiya, Kopiyka, and Shar@. It operates stores in over 130 Ukrainian cities, serving over 7 million clients.


    Cryptocurrency payments are originally available in Kyiv, Ukraine's capital. Ukraine has emerged as a regional leader in cryptocurrency usage in recent years.


    Other Ukrainian businesses have used Binance Pay to accept cryptocurrency payments. In September of this year, Varus, a Ukrainian grocery chain with over 100 outlets, integrated the payment system to allow customers in Kyiv, Dnipro, Zaporizhzhia, and other cities to spend coins on groceries.


    In August, Ukrainian tech retailers Tehnoezh and Stylus began accepting cryptocurrency payments using Whitepay, a comparable payment platform built by Whitebit, a European cryptocurrency exchange with Ukrainian roots. 


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    Indrani bose

    CBW - External Analyst

    INDIA

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