Cryptocurrencies are the new way of paying for goods and services. More and more companies are starting to accept payments in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Konzum, Newegg, and Nothing are three of the most recent businesses that accept digital assets as a form of payment.
This year more and more large companies are starting to accept payments in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This is mainly because cryptocurrency transactions are cheaper than traditional payment options like credit cards or PayPal. It also opens a new market for them to make use of their already existing infrastructure, such as payrolls or bookkeeping systems.
Konzum, the region’s biggest food producer and retailer, has recently become Croatia’s first retail chain to accept digital assets as payment. At the moment, such transactions are accessible only via the firm’s online shop, but the company aims to expand the service to its stores shortly. The firm now takes BTC, ETH, BCH, XRP, USDT, and USDC as payment methods.
Konzum collaborates with fintech business Electrocoin and utilises its PayCek system, which is Croatia’s first bitcoin payment processor.
Uro Kalini, Konzum’s Finance and Information Technology Board Member, said that “his organization continuously follows worldwide trends, implying that one of them is the virtual currency market”.
Aside from that, online retailer Newegg has stated that it will begin accepting Shiba Inu (SHIB) as a method of payment on its platform by the end of this year. This move is significant because it reflects the growing popularity of cryptocurrencies over the past few years.
Newegg was one of the first businesses to accept dogecoin (DOGE) payments earlier this year. LTC (Litecoin) was later introduced to the service.
According to Andrew Choi, the company’s chief marketing officer, clients are highly interested in cryptocurrency, and allowing them to pay with bitcoin and similar currency gives “greater freedom.”