Konzum, the largest food retailer in Croatia, has partnered with local fintech Electrocoin, integrating its PayCek system to introduce cryptocurrency payments.
The news was first reported by Reuters, noting that the retailer is popular among tourists visiting Croatia. They will now be able to pay for goods and services with up to nine different cryptos by simply scanning a QR code from their preferred wallet.
Cryptocurrency owners can buy and pay for groceries, hygiene and household items and other products from the rich offer of our online store with more than 12,000 products.
Kozum statement (translated)
Konzum board member Uroš Kalinić described the partnership with Electrocoin as another investment in emerging technologies. “We are proud to be leaders in another area that is rapidly developing and dictating the future,” he said.
Crypto Payments Going Global
Paying with cryptocurrrencies may not be a feature that every business allows or even likes, but with the fast-paced adoption of cryptos by large institutions, including El Salvador, several other entities have begun to accept crypto as a form of payment.
There are now numerous businesses accepting bitcoin, ether, or other forms of crypto. Six months ago in Australia, auction house Lloyds started accepting major crypto assets as payment for collectors’ or sports cars, calling the attention of crypto traders who also happen to be car enthusiasts.
Even charities in Australia and worldwide, such as Blockchain Philanthropy Foundation and Backpack Bed, are accepting crypto as a means of donation.
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