Supermarkets, Post Offices, Car Dealerships, + –


Croatia is embracing crypto at an exponential charge. Earlier within the week, Konzum introduced it would settle for cryptocurrency funds in its on-line retailer. This is section one for Croatia’s largest grocery store chain, the corporate plans to roll out the service in all of its shops. The nation is shortly turning into one of many friendliest for cryptocurrency lovers. One might most likely already dwell on crypto over there, and that’s the idea we’ll discover. 

Related Reading | Coinbase Eyes Broader Adoption With DeFi Apps Integration

But first, Konzum. When our sister website NewsBTC covered the story, they knowledgeable us:

“This transfer is the primary of its variety in Croatia, making Konzum the primary and solely retail chain within the nation to just accept crypto funds.

“The introduction of cryptocurrency payments is another indicator that Konzum is constantly monitoring global trends, introducing innovations and setting the standard in the retail sector.” – Uros Kalinic, member of Konzum’s Management Board for Finance and IT”

Then, Kailinic added shade to the story and launched Konzum’s accomplice within the enterprise:

 “Payment with cryptocurrencies is certainly still in its infancy here in Croatia, but the experience of our partner Electrocoin justifies this investment. Just as our customers use banking applications for electronic payments, we believe that this service will get its share as far as transactions go as well. From year to year we see a decrease in the share of cash transactions, which is logical in the age of digitalisation and coronavirus, when cash payments have been discouraged for epidemiological reasons.” 

Besides Bitcoin, Konzum receives cost in Ethereum, Bitcoin Cash, USDC, USDT, EOS DAI, Ripple, and Stellar Lumen. This selection is a vital issue within the story we’re about to inform. 

ETH value chart for 12/02/2021 on Cexio | Source: ETH/USD on

How To Sell Cryptocurrencies In The Post Office

Payment with cryptocurrencies may be in its infancy, however for the final two years and alter, Croatians have been in a position to purchase quite a lot of cash on the put up workplace. And, from November on, they can also sell them. That’s proper, “more than 50 selected post offices covering all counties in the country” are successfully an change workplace. 

“Users even have entry to the Crypto Center, a particular web site that brings collectively all Croatian Post companies associated to cryptocurrencies. The web site comprises an change charge checklist, data on shopping for and promoting the specified cryptocurrency and an interactive map with the addresses of put up places of work the place this service is obtainable. 

Crypto-stamps may also be bought on the web site, one other novelty with which Croatian Post linked home philately with new technological traits, ie the NFT market.”

The put up workplace accepts 11 cryptocurrencies, specifically: Bitcoin, Ripple, Stellar, Ether, Eos, Bitcoin Cash, Dai, USDT, USD Coin, Polkadot, and Kusama.

A Car, Purchased With Bitcoin

Almost precisely a 12 months in the past, a historic transaction took place:

“The first automobile purchased with crypto at their Zagreb showroom was a Ford Focus. The new house owners are a younger couple who paid for the automobile with Bitcoin.

The Karić automobili automobile dealership joined GoCrypto nearly a 12 months in the past and was the primary on the Croatian market to supply the choice of buying all automobile fashions on supply in cryptocurrencies.”

The Slovenian firm GoCrypto supplies a easy Point Of Sale resolution that’s accessible all through the entire area.

Other Exchange Offices

Besides the put up workplace, there are not less than three chains of change places of work that do enterprise with crypto: In Kapital, Auro Domus, and The Bitcoin Store. In this report, an intrepid crypto fanatic visits all of them and exchanges stablecoins for Kuna with various levels of success. For instance, The Bitcoin Store gives the most effective expertise but in addition expenses the best charges. And the writer has to go to 3 Auro Domus to search out an individual who is aware of the right way to do the change, and even then the entire course of takes 72 minutes complete.

Related Reading | Lightning Continues To Strike, Bitcoin Adoption Building Momentum

In any case, the purpose is, there are official change places of work that cope with numerous cryptocurrencies and change them for Croatia’s kuna. What a rustic!

Featured Image: mtomicphotography on Pixabay | Charts by TradingView