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Binance Pay Opens Crypto Payments for Pharmacies in Ukraine

by BSCN

January 3, 2023

ANC Pharmacy has over 1,100 stories across the country and will begin rolling out services to its customers in Kyiv.

Binance Enables Ukrainian Pharmacies to Accept Crypto

Binance Pay has enabled the Ukrainian pharmaceutical company ANC to accept cryptocurrencies, helping it to become the first pharmacy group in Europe to enable contactless crypto payments.

Amidst the ongoing war between Russia and Ukraine, the major local chain ANC Pharmacy is turning to Binance to become more resourceful. Customers can use the Binance Pay application on either iOS or Android to buy pharmaceutical products and retrieve them at a local store, according to a translation of the January 3 company post.

“From January 3, you will have to enjoy instant payments when buying pharmacy products,” the company post writes. “After all, on ANC.UA it will be possible to pay for orders with cryptocurrency!”

ANC reportedly has over 1,100 locations across Ukraine and will bring the services to other stores like Kopiyka and Shara. According to the company announcement, services will start first in Kyiv.

Cryptocurrencies have played a vital role during the War in Ukraine. Cryptocurrencies have facilitated quicker payments to Ukrainian organizations, and utilities like airdrops have been used to serve massive audiences as well.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.