Lithuania follows the trend of several pioneering countries in the adoption of cryptocurrencies. United Colors of Benotton has implemented a new payment option in its Lithuanian franchise by accepting crypto-currencies such as Bitcoin, Ethereum, Dash, Steem and many others.
Accept crypto-currencies in Lithuania
Arturas Zuokas , the co-owner of the Lithuanian franchise United Colors of Benetton and former mayor of Vilnius said:
We would like to support the idea of the freedom and variety of different payment options. Lithuania is already joining the global trend of digitization of money. Lithuanians actively contribute to the development of crypto-infrastructure. Now you can pay with crypto-currencies in many restaurants, shops, hairdressers, computer services and fitness centers in Vilnius. In the future, cryptocurrency payments will be available everywhere.Related video:
An impressive development of financial technologies
The country contributes to the establishment and development of Blockchain technology as well as cryptocurrencies. It joins the digital currency markets by adopting financial technologies in several areas.
United Colors of Benotton is able to accept cryptocurrencies with the Lithuanian CopPay multi- cryptocurrency payment platform. It is aimed at businesses, consumers and the community. CopPay minimizes the losses caused by the volatility of the exchange rate for cryptocurrencies.
CopPay has developed a virtual terminal that will be installed free of charge and will accept several cryptocurrencies. CopPay terminals exclude intermediaries between customers and merchants and guarantee cross-border use of cryptocurrency. They operate without transaction fees and allow traders to exchange cryptocurrency for cash in real time.Although Lithuania is a small country on the Baltic coast, it is much more developed in financial technology than some large nations. According to the CopPay website, the platform plans to expand to North America and Africa by the end of the year.
What do you think of the acceptance of crypto-currencies as a means of payment for United Colors of Benotton? What about the impressive progress of Lithuania in terms of financial technology? Comment in the comments section below.
Posted from my blog with SteemPress : https://infos.link/lithuania-united-colors-of-benetton-accepts-cryptocurrencies/