• Market Cap: $1,667,680,048,912.00
  • 24h Vol: $94,180,871,191.77
  • BTC Dominance: 50.59%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Croatian retail giant sees rise in crypto payments despite the bear market

Jon Hartney by Jon Hartney
August 1, 2022
in Bitcoin, Blockchain, Business, Market
0
Fighting the crypto winter and token protocol inflation in 2022
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Croatia has been enjoying the growing cryptocurrency adoption despite the ongoing crypto winter, Konzum’s director of business applications Ines Barbir said.

Payments in cryptocurrencies like Bitcoin (BTC) have been on the rise at Croatia’s largest supermarket chain Konzum this year despite the ongoing bear market.

After debuting crypto payments in 2021, ​​Konzum has seen an increasing trend for this type of payment, the firm’s director of business applications Ines Barbir told Cointelegraph.

Related articles

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

December 7, 2023
Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

December 7, 2023

​​Konzum officially started accepting cryptocurrencies as payment for its products in December 2021, allowing customers to pay online with nine cryptocurrencies like BTC and Ether (ETH) as well as Tether (USDT) and USD Coin (USDC) stablecoins.

The supermarket chain has since expanded the crypto payment option to several self-checkout cash registers in physical pilot stores. Konzum is also still working with the local crypto payment firm Electrocoin to bring crypto payments to all 700 physical stores across Croatia.

According to Barbir, the rollout of the new payment method has been implemented successfully, and Konzum has actively been working on expanding its crypto payment option. The executive didn’t specify the exact numbers of payments’ volume growth since debuting crypto payments.

A spokesperson for the firm pointed out that rising crypto payments on Konzum come in line with the growing adoption of crypto in Croatia, stating:

“Regardless of the bear market, we are satisfied with the interest which keeps on growing. The overall interest in cryptocurrency payments continues to increase steadily as well as the interest for the implementation of cryptocurrency payments in Croatia.”

The representative noted that Croatia is “at the top in the European Union” when it comes to the level of crypto adoption. That is “partly thanks to the rise of fintech companies like our partners at Electrocoin,” the spokesperson added.

The representative still mentioned some uncertainty around crypto payments, stating: “The reason for this is mainly due to the insecurity and suspicion in new technologies, but also due to the state of regulation of the crypto industry.”

Related: European banking regulator sees ‘major concern’ in retaining staff to handle crypto: Report

The government of Croatia has been somewhat silent about cryptocurrency regulation in recent years, while local crypto advocates have been working towards self-regulation. In 2018, the National Bank of Croatia emphasized that cryptocurrencies were not legal tender in the country, nor were they recognized as foreign currency or payment instruments.

Despite some level of apparent uncertainty around crypto, Croatia has emerged as one of the most crypto-prepared countries in the world. According to a report by the forex education platform Forex Suggest, Croatia has a crypto-readiness score of 6.2 out of 10, alongside countries like the United Arab Emirates, Georgia and Romania.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

by Jon Hartney
December 7, 2023
0

A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $875 million According to data from Lookonchain, this...

Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

by Jon Hartney
December 7, 2023
0

Since October 2023, Solana (SOL), often called the Ethereum killer, has seen significant network and price action growth  However, everything...

Cardano Could See 70% Rally To $0.75, Analyst Predicts When

Cardano Could See 70% Rally To $0.75, Analyst Predicts When

by Jon Hartney
December 7, 2023
0

An analyst has explained how Cardano may be heading towards a rally to $075 soon if the historical pattern is...

Why Bitcoin’s Staggering 260% YTD Surge Could Be Just The Start

Why Bitcoin’s Staggering 260% YTD Surge Could Be Just The Start

by Jon Hartney
December 7, 2023
0

The price of Bitcoin slowed down its ascend following a week of smashing critical resistance levels However, the rally is...

Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million

Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million

by Jon Hartney
December 7, 2023
0

A crypto pundit and Bitcoin maximalist, Mark Harvey, has explained why he believes the foremost cryptocurrency Bitcoin, is far off...

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Ripple Vs. SEC: Epic Battle Unfolds Over $770M Disgorgement Demand

Ripple Vs. SEC: Epic Battle Unfolds Over $770M Disgorgement Demand

November 11, 2023
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

December 7, 2023
Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight

December 7, 2023
Cardano Could See 70% Rally To $0.75, Analyst Predicts When

Cardano Could See 70% Rally To $0.75, Analyst Predicts When

December 7, 2023
Why Bitcoin’s Staggering 260% YTD Surge Could Be Just The Start

Why Bitcoin’s Staggering 260% YTD Surge Could Be Just The Start

December 7, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange December 7, 2023
  • Solana Ascending Triangle Formation Anticipates Price Surge, $90 Target In Sight December 7, 2023
  • Cardano Could See 70% Rally To $0.75, Analyst Predicts When December 7, 2023
  • Why Bitcoin’s Staggering 260% YTD Surge Could Be Just The Start December 7, 2023
  • Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million December 7, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$43,111.00-1.75%
  • ethereumEthereum(ETH)$2,342.873.84%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$230.670.11%
  • rippleXRP(XRP)$0.641.74%
  • solanaSolana(SOL)$64.931.70%
  • usd-coinUSDC(USDC)$1.000.05%
  • staked-etherLido Staked Ether(STETH)$2,342.073.80%
  • cardanoCardano(ADA)$0.4531851.35%
  • dogecoinDogecoin(DOGE)$0.093188-5.51%
  • avalanche-2Avalanche(AVAX)$26.46-1.43%
  • tronTRON(TRX)$0.103686-1.52%
  • chainlinkChainlink(LINK)$15.21-2.74%
  • polkadotPolkadot(DOT)$6.212.60%
  • matic-networkPolygon(MATIC)$0.830.35%
  • ToncoinToncoin(TON)$2.21-4.58%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$43,133.00-1.52%
  • shiba-inuShiba Inu(SHIB)$0.000010-2.99%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • litecoinLitecoin(LTC)$73.480.15%
  • daiDai(DAI)$1.000.08%
  • bitcoin-cashBitcoin Cash(BCH)$244.18-1.37%
  • uniswapUniswap(UNI)$6.171.48%
  • leo-tokenLEO Token(LEO)$3.811.30%
  • stellarStellar(XLM)$0.1247220.48%
  • okbOKB(OKB)$56.85-0.38%
  • moneroMonero(XMR)$175.542.48%
  • ethereum-classicEthereum Classic(ETC)$21.705.88%
  • cosmosCosmos Hub(ATOM)$9.81-2.48%
  • KaspaKaspa(KAS)$0.127924-8.45%
  • true-usdTrueUSD(TUSD)$1.000.17%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • crypto-com-chainCronos(CRO)$0.093367-3.32%
  • filecoinFilecoin(FIL)$4.953.79%
  • hedera-hashgraphHedera(HBAR)$0.067987-2.05%
  • internet-computerInternet Computer(ICP)$4.991.73%
  • nearNEAR Protocol(NEAR)$2.23-5.58%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • lido-daoLido DAO(LDO)$2.487.91%
  • AptosAptos(APT)$7.895.00%
  • MantleMantle(MNT)$0.640.32%
  • thorchainTHORChain(RUNE)$6.43-0.34%
  • immutable-xImmutable(IMX)$1.499.07%
  • optimismOptimism(OP)$2.0919.89%
  • vechainVeChain(VET)$0.024813-2.94%
  • BittensorBittensor(TAO)$310.35-7.19%
  • quant-networkQuant(QNT)$109.74-1.28%
  • binance-usdBUSD(BUSD)$1.00-0.03%
  • the-graphThe Graph(GRT)$0.162357-2.18%
  • injective-protocolInjective(INJ)$17.762.64%
  • ArbitrumArbitrum(ARB)$1.157.55%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • aaveAave(AAVE)$98.020.38%
  • CelestiaCelestia(TIA)$9.69-5.46%
  • blockstackStacks(STX)$0.98-7.30%
  • Rocket Pool ETHRocket Pool ETH(RETH)$2,566.814.04%
  • render-tokenRender(RNDR)$3.57-5.66%
  • makerMaker(MKR)$1,432.25-0.42%
  • WEMIXWEMIX(WEMIX)$3.7920.54%
  • elrond-erd-2MultiversX(EGLD)$48.63-0.77%
  • algorandAlgorand(ALGO)$0.1589642.17%
  • havvenSynthetix Network(SNX)$3.69-1.06%
  • terra-lunaTerra Luna Classic(LUNC)$0.000202-9.52%
  • flowFlow(FLOW)$0.781.23%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.14%
  • ORDIORDI(ORDI)$51.06-21.07%
  • theta-tokenTheta Network(THETA)$1.05-2.04%
  • bitcoin-cash-svBitcoin SV(BSV)$51.24-0.37%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • axie-infinityAxie Infinity(AXS)$7.222.82%
  • the-sandboxThe Sandbox(SAND)$0.4560880.92%
  • fantomFantom(FTM)$0.335439-0.23%
  • decentralandDecentraland(MANA)$0.4913722.63%
  • galaGALA(GALA)$0.0309335.28%
  • kucoin-sharesKuCoin(KCS)$9.31-0.11%
  • kavaKava(KAVA)$0.885.53%
  • iotaIOTA(IOTA)$0.287843-1.80%
  • eosEOS(EOS)$0.773.21%
  • neoNEO(NEO)$11.980.33%
  • BitDAOBitDAO(BIT)$0.592.96%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.66-0.21%
  • tezosTezos(XTZ)$0.901.78%
  • mina-protocolMina Protocol(MINA)$0.74-0.37%
  • heliumHelium(HNT)$5.0817.79%
  • BeamBeam(BEAM)$0.015709-1.14%
  • Bitget TokenBitget Token(BGB)$0.52-0.37%
  • bittorrentBitTorrent(BTT)$0.000001-21.70%
  • usddUSDD(USDD)$0.98-0.52%
  • klay-tokenKlaytn(KLAY)$0.2186601.31%
  • conflux-tokenConflux(CFX)$0.1988331.52%
  • Frax EtherFrax Ether(FRXETH)$2,331.793.04%
  • xdce-crowd-saleXDC Network(XDC)$0.050160-3.26%
  • SuiSui(SUI)$0.677.05%
  • Tokenize XchangeTokenize Xchange(TKX)$8.400.64%
  • CheeleeCheelee(CHEEL)$12.450.38%
  • fraxFrax(FRAX)$1.000.11%
  • frax-shareFrax Share(FXS)$8.867.92%
  • chilizChiliz(CHZ)$0.0861834.73%
  • ecasheCash(XEC)$0.000033-4.61%