Bitcoin Payments Now Accepted in Ukrainian Pharmacies via Binance Pay

ANC Drugstore, a well-known Ukrainian pharmacy chain, has teamed up with cryptocurrency exchange Binance Ukraine to start accepting payments in bitcoin using Binance Pay.

On January 3, the company announced that ANC Pharmaceutical now lets customers buy pharmacy items online and pay for them instantly. The Drugstore chain has more than 1,000 stores in Ukraine and has its own online pharmacy service. According to the release, Binance Pay payments will be launched in Kyiv.

Binance Pay is a contactless cryptocurrency payment system. Despite ongoing hostilities, Ukrainian pharmacies are accepting digital payments.

Binance is everywhere

To make crypto payments, users must first download the Binance app and then visit the ANC website. Users will be able to select an item to buy online, pay for it with Binance Pay, and pick it up at a specified location. This development was confirmed by CZ through a recent tweet.

Over the past several years, binance has aggressively expanded its presence in Ukraine. Binance and Varus, a Ukrainian grocery network, partnered in September 2022 to let customers pay for goods using the Binance Pay Wallet.

Introducing a Binance Card in Ukraine was one of Binance Ukraine’s top goals for 2022, as early as February 2022, just weeks before Russian troops invaded Ukraine, according to the country’s general manager, Kirill Khomyakov.

Khomyakov claims that, although cryptocurrency-derived transactions are not illegal in Ukraine, payments made through services such as binance card Do not violate Ukrainian law. However, direct Bitcoin Payments and other cryptocurrencies are prohibited under local law.

The health sector joins the wave of blockchain adoption

The new payment method will be accepted at all ANC pharmacies as well as any ANC pharmacy-owned firms such as Kopiaka and Shara. According to the release, the only pharmacies in Europe that accept cryptocurrency payments are ANC, Kopiaka and Shara.

Thanks to blockchain technology, which will increase the security, privacy and interoperability of health data, patients will be at the center of the health care ecosystem. This technology has the potential to usher in a new era of health information exchange by increasing the efficiency, intermediation and security of electronic medical records (HIE).

While there is no silver bullet, this emerging market provides excellent conditions for study, funding and proof-of-concept testing. ,

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