Even in a war-torn Ukraine, citizens must be able to heal themselves. How to pay when common financial institutions hardly work anymore? ANC, the largest pharmacy chain in the country, may have just shown the way. In fact, it has partnered with Binance to allow Ukrainians to pay with their cryptocurrencies through Binance Pay.
Binance Pay and ANC Pharmacy: A Savings Partnership
ANC Pharmacy is the largest pharmacy chain in Ukraine with 1100 stores across the country. On Jan. 3, we learned from CoinTelegraph that it would now allow its customers to pay in cryptocurrencies. But at the moment this type of payment is only accepted for online purchases. You will need to download the Binance Pay app in order to pay. Then it will be necessary to go to the ANC website, choose the product to buy and pay. The pharmacy will deliver the product to you.
ANC Phamacy is the first pharmacy chain in Europe to accept payments in cryptocurrency. The new system will be implemented for the first time in Kiev. It will be distributed in Kopiyka and Shara pharmacies of the ANC network.
As a reminder, Binance Pay is a secure and contactless cryptographic payment system. Payment was initially designed to facilitate exchanges between users via the Binance app. One of the biggest benefits of Binance Pay is that it allows you to pay without fees. Also, it doesn’t care about borders. Since the beginning of the war, Ukraine has repeatedly used cryptocurrencies to receive large donations, for example.
Binance has finally found a gateway to Ukraine
For several years, Binance has been looking for a great gateway to the Ukrainian market. Prior to his partnership with ANC, he partnered with a supermarket chain called Varus. Also this time the partnership provided for the payment with Binance Pay Wallet.
It’s a safe bet that this won’t be the last partnership of its kind. In fact, of the 4,200 companies operating in the country, 63% continue to operate and 38% even plan to hire additional staff. Binance therefore has room for expansion.
Ukraine itself has shown great interest in cryptocurrencies since the beginning of the war. The country’s central bank wants to establish e-hryvnia, its digital currency. This CBDC should help the country support its financial system and strengthen its monetary sovereignty.
What is happening in Ukraine shows us how cryptocurrencies can actually come to the aid of a suffering people. In a world that is rarely quiet, we can expect this type of payment to be beneficial on many fronts. That said, minimal infrastructure is required for this type of solution to be possible.
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SEO web editor specialized in cryptocurrencies, decentralized finance and Web 3, I produce captivating and topical texts. My goal is to democratize the crypto world and inform readers about industry news.