Croatia’s Largest Food Retailer Konzum Accepts Crypto in Online Shops

Konzum, the largest food retailer and producer in the Western Balkans region, became the first Croatian retail chain to allow customers to pay using digital assets. These transactions are currently only available in the online store. However, the company plans to offer the service in its stores in the near future.

Newegg, a leading North American tech-focused e-retailer, announced that it will accept Shiba Inu payments (SHIB), on its platform during Christmas holidays. Nothing, a London-based consumer tech company, will allow cryptocurrency settlements for its latest product.

Crypto Invades the Balkan Peninsula

Konzum, the largest Croatian supermarket chain employing more than 10,000 people, has announced that it will be entering the cryptocurrency market by accepting various digital assets as payment. These include Bitcoin (BTC), Ether(ETH), Bitcoin Cash/BCH), Ripple/XRP, Stellar (XLM), Dai/DAI), EOS/EOS, Tether (USDT) and USD Coin (USDC).

Konzum partnered with Electrocoin, a local fintech company, and its PayCek payment system, which is known as Croatia’s first cryptocurrency processor. The latter will provide sufficient time to execute the transaction successfully, despite the volatility of many digital tokens.

Uros Kalinic, Member of Konzum’s Management Board for Finance and IT, noted that Konzum is always monitoring global trends and that the cryptocurrency industry might be one of them.

He summarized, “As Croatia’s largest retail chain, with almost 65 years of experience, it is a leader in terms both business results and technological achievements. We are proud to be leaders and shaping the future in an area that is rapidly evolving.”

Konzum is the largest supermarket chain in Croatia and the Western Balkan region. It is also present in Serbia and Bosnia and Herzegovina, as well as its home country. Retail giant, which serves more than 650,000 customers daily in 700 stores, will soon offer cryptocurrency options in some of its stores in the coming months.

Newegg and Nothing follow the Trend

Newegg is another major e-commerce firm that recently accepted additional digital asset settlements. Newegg, a California-based company that accepted bitcoin payments in 2014, has added the popular meme currency Shiba Inu to its support digital assets. It made the announcement by placing it on The Reef, Los Angeles’ largest DOOH billboard.

Shiba Inu Billboard, Source: newegg.com

Newegg accepted SHIB’s largest rival, Dogecoin (DOGE) earlier this year. Later, it added Litecoin to its portfolio (LTC).

Andrew Choi, the company’s Director of Brand Marketing, admitted that customers are very interested in cryptocurrency. Customers will have more options for using bitcoin or alternative currencies as a payment method, which gives them “greater flexibility.”

Nothing, a technology company founded in 2012 by Carl Pei (OnePlus Co-Founder), accepted digital asset payments for its Nothing ear (1) Black Edition wireless earbuds. These coins include Bitcoin (BTC), Ether(ETH), USD Coin, USDC and Dogecoin.

You can pay online at Nothing’s stores in the United Kingdom, Canada, France, Germany and Greece.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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