Konzum, the largest supermarket chain in Croatia, is keeping up with the times by debuting payments in cryptocurrencies like Bitcoin (BTC). The company officially announced on Dec. 1 that it now accepts nine cryptocurrencies for payment in its online store, allowing customers to use crypto to buy groceries, hygiene products and household supplies. According to the announcement, the supported cryptocurrencies include Bitcoin, Ether (ETH), Bitcoin Cash (BCH), EOS, Dai (DAI), XRP, Stellar (XLM), as well as stablecoins like Tether (USDT) and USD Coin (USDC). To enable the new crypto payment option, Konzum partnered with a local crypto payment processor Electrocoin …

Crypto-payments processing firm Electrocoin is partnering with a local oil and gas company in Croatia to allow drivers to pay for a full tank using crypto. According to Croatian news outlet Poslovni Dnevnik, people needing to gas up their vehicles at any of the 46 Tifon stations in the country can now pay using Bitcoin (BTC), Ether (ETH), Stellar Lumen (XLM), XRP and EOS. Tifon will integrate PayCek, a crypto payments platform from Electrocoin, into its existing payments systems to make this possible. Tifon chief financial officer Ana Lokas said the company expected that foreign tourists in Croatia would likely …

The COVID-19 pandemic has served both as an x-ray onto existing vulnerabilities in the global financial system, and as an accelerator for destabilizing tendencies, including higher sovereign and consumer debt in emerging markets. At an online meeting of the Central Bank Governors' Club, hosted this week by Bank of Russia Governor Elvira Nabiullina, representatives were unanimous in their expectations of the far-reaching consequences of the current crisis. At the meeting, the 26 central bank representatives that convened from Central Asia, the Black Sea region, the Balkan countries and beyond, also noted the pandemic-induced expansion of e-commerce, as well as digital …

A crypto payment infrastructure provider is celebrating after reaching an important milestone: achieving a presence in more than 500 stores across Slovenia and Croatia. GoCrypto, the newly upgraded platform that succeeded Eligma’s Elipay, is now setting its sights on expanding to other parts of Europe: namely Switzerland, the United Kingdom, Turkey, Serbia and Bulgaria. The company says it provides online and offline stores with an easy way of accepting custodial and noncustodial crypto wallets — giving them access to an ever-growing number of consumers who want to pay using digital currencies. According to GoCrypto, payments are processed instantaneously, with merchants …

This article previously contained statements implying that Binance DEX itself — rather than its website — was geoblocking users. It has been updated for accuracy. The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block website access to users based in 29 countries. The Binance DEX website informs potential users of the restriction via a message that appears when accessing the platform from one of the regions. The message appearing on the platform states that accessing the website from certain countries will be restricted starting on July 1: “It seems you are accessing www.binance.org from an IP address …