Ukrainian pharmacy chain introduces cryptocurrency payments

[Nwada001]

Am aware of the support Binance gave to Ukraine, am not also against Binance, using Binance to receive crypto since it's a faster means through Binance pay also not a bad idea for business.. where I won't encourage and will always advice people is saving and leaving your crypto holding on centralized exchange be it Binance or any other Exchange... I also receive pay with Binance pay which after confirmation I move out my asset to a secure wallet which I have the key to.

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[klidex]

Ukraine is not as well known to have tons of crypto users so why is Ukraine pharms trying to adopt Binance Pay? And they are not actually accepting crypto but fiat if they use Binance Pay.

They are helping Binance to make it a global monopoly. CZ is not a very clever person also, he sure would be keeping the KYC very tight with Binance Pay.

Where do you get information and can say that Ukraine does not have many crypto users.
If you have been in the cryptocurrency industry for a long time, surely you already know that everyone who uses or uses crypto will always hide their data, even the identity of the country or place where they live.
We don't know what's really going on in Ukraine and we don't know for sure at the moment how many crypto users there are, so I think going forward we have to be more selective in giving each response.

[Finestream]

Oh wow, this is pretty big. As a Ukrainian, I can tell you that it's indeed one of the major pharmacies in Ukraine, available widely in various regions (you can see the regions covered and the sheer number of their pharmacies here: https://anc.ua/map). The info on the website of the pharmacy network says that it's via Binance Pay, and currently from online orders (click and collect ones) but they will gradually start accepting crypto payments in the pharmacies as well. I know it's not ideal that it's via a centralized exchange, but I don't think it's because they want to promote it specifically. Rather, it's because Binance is already popular in Ukraine, it is a reputable service, and it's easy to integrate its payment system, I assume, for purchases. It's a good first step, a very good one. And keep in mind that with the war, pharmacies are especially important.

This is another achievement for bitcoin and for Ukraine towards crypto adoption. And I know since it’s a pharmacy, people will surely patronize it knowing pharmacy establishments will always be essential for a country. And knowing Ukraine, it’s a crypto friendly country and that majority of the citizens are already aware on crypto as a mode of payment so it won’t be hard for any establishment to accept crypto or bitcoin in particular as a payment method.

[Vaskiy]

Ever since the war the visibility crypto market have got among the Russian and Ukrainian people is very high. Ukranian pharmacy chain starting to accept crypto payment is really a good move, but this couldn't bring more users towards it. Because, Ukranian people have prioritised crypto as an investment than a regular transaction source after more people using it a source to escape war crisis prevailing in the country.

[GreatArkansas]

According to the statement what they plan to do is to start accepting payment directly using Binance Pay which is another means of promoting the Centralized exchange Binance.
(.....)

This sucks. If they will just be strict to use Binance Pay, accepting cryptocurrency seems useless because they are centralized. Maybe if they have some option, the better. Like using a lightning network if they are worried about the transaction fee or speed.
I think they have a reason why they are using Binance Pay, still sucks for me.

[8rch7]

Ukraine is not as well known to have tons of crypto users so why is Ukraine pharms trying to adopt Binance Pay? And they are not actually accepting crypto but fiat if they use Binance Pay.

They are helping Binance to make it a global monopoly. CZ is not a very clever person also, he sure would be keeping the KYC very tight with Binance Pay.

Where do you get information and can say that Ukraine does not have many crypto users.
If you have been in the cryptocurrency industry for a long time, surely you already know that everyone who uses or uses crypto will always hide their data, even the identity of the country or place where they live.
We don't know what's really going on in Ukraine and we don't know for sure at the moment how many crypto users there are, so I think going forward we have to be more selective in giving each response.

Ukrainian pharmacy chain introduced crypto payments via binance pay I think this is a very wise step, right as you said we can't detect people using crypto currency, not to detect people from other countries using crypto currency to detect friends alone is difficult, because people who are already involved in bitcoin are sure to hide their identities, because they follow directions from the founder of the cryptocurrency, namely Satoshi.

[klidex]

Ukraine is not as well known to have tons of crypto users so why is Ukraine pharms trying to adopt Binance Pay? And they are not actually accepting crypto but fiat if they use Binance Pay.

They are helping Binance to make it a global monopoly. CZ is not a very clever person also, he sure would be keeping the KYC very tight with Binance Pay.

Where do you get information and can say that Ukraine does not have many crypto users.
If you have been in the cryptocurrency industry for a long time, surely you already know that everyone who uses or uses crypto will always hide their data, even the identity of the country or place where they live.
We don't know what's really going on in Ukraine and we don't know for sure at the moment how many crypto users there are, so I think going forward we have to be more selective in giving each response.

Ukrainian pharmacy chain introduced crypto payments via binance pay I think this is a very wise step, right as you said we can't detect people using crypto currency, not to detect people from other countries using crypto currency to detect friends alone is difficult, because people who are already involved in bitcoin are sure to hide their identities, because they follow directions from the founder of the cryptocurrency, namely Satoshi.

From what was introduced pharmacies in Ukraine that accepting crypto payments can have a good and positive impact, where more and more people will start using and adopting crypto as a medium of exchange or investment asset in Ukraine.

Therefore, in my previous opinion, I said that we must always be selective in giving a comment or response because we do not know and it is not certain that the response we give is correct. Do not let us just give someone a fake or useless response.

[Nwada001]

This sucks. If they will just be strict to use Binance Pay, accepting cryptocurrency seems useless because they are centralized. Maybe if they have some option, the better. Like using a lightning network if they are worried about the transaction fee or speed.
I think they have a reason why they are using Binance Pay, still sucks for me.

I believe the country and it's citizens Started accepting crypto and Binance in particular not for the shake of promoting crypto only or because of the love they have for crypto but because they want to render the small support that they can to appreciate the 10M$ Binance donated to them during the war.

[lassdas]

To take advantage of the service, customers will have to download and install the Binance app, go to the ANC website, place an order and cover the bill using Binance Pay. Then they can receive the products or pick them up at any of the chain’s stores.

It's also quite expected, I don't think a company in a war zone would be able alone to deal with direct crypto payments, so thinking of paying directly with bitcoin is probably daydreaming, but still, it's Binance, and I have a feeling they will again put their fake bitcoin and stable coins on top of the bitcoin payment option.

Is that how Binance Pay works?
Never used Binance myself so I've no idea.

I get why businesses and charities often prefer to use payment providers instead of "being their own bank",
but it's the first time I hear something about the need to download and install an app from a specific payment provider to pay them.
There's no need to install f.e. a bitpay-app, or coinbase-app to pay some merchants, or donate to NGOs who are using bitpay or coinbase.