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Economy

Proserpina

(2,352 posts)

13. Ukraine's Largest Bank Helps Integrate Bitcoin as a Payment

Reply to Tansy_Gold (Original post)

Wed Dec 9, 2015, 07:10 AM

Dec 2015

https://www.cryptocoinsnews.com/ukraines-largest-bank-helps-integrate-bitcoin-as-a-payment/

PrivatBank, Ukraine’s largest bank by assets is now offering online retailers the ability to receive Bitcoin as a payment before directly converting it into fiat currency that is deposited into the merchant’s account, as reported by PSM7.

Upon the completion of its testing, PrivatBank is now offering online retailers the means to obtain a settlement in Bitcoin. The announcement was made by Christina Karmazin, head of E-Commerce at PrivatBank at a conference in Kiev, Ukraine today.

Ukrainian online publication Payspace Magazine, reported the news that was revealed at the “Cross-border E-Commerce: The Import to Ukraine,” conference.

Essentially, buyers can pay in Bitcoin while merchants will receive the payment in Hryvnias (Ukraine’s national currency) or Euros...

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