Earlier this year, there was even talk that Konzum and Lidl’s checkouts could end up accepting Bitcoin. Could a unique Croatian solution make that a reality?
As Poslovni Dnevnik/Bernard Ivezic writes on the 15th of September, 2019, of course, the aforementioned stores don’t offer this payment possibility yet, but the first Croatian product that could potentially enable it has now officially appeared on the market, and (miraculously) in full compliance with stringent Croatian laws.
Meet Adeo POS box office. Behind this piece of Croatian innovation is the director of one of the oldest brokerages in Croatia and a financial expert who was very interested in taking over the Zagreb Stock Exchange just last year, Milan Horvat.
Its entry into the payment system, through Fima Plus, which is managed by Fima Pay, coincides with the entry into force of the Union PSD2 Directive, which opens up practical space for the development of fintech in Croatia. In cooperation with the Zagreb-based software company Neoinfo, Horvat launched the first Croatian crypto box checkout on the entire market. Fima Plus CEO Milan Horvat says that Zagreb’s Neoinfo was the first to recognise the potential of such a solution.
“Following the successful implementation of Fima Pay, both companies want to continue their business cooperation by developing new joint projects,” Horvat says. Igor Vukmirović, the director of Neoinfo, confirms that this is his goal as well, as Adeo POS cash registers are used by more than 1700 users, including Franck, Koncar and BSH events. He adds that this doesn’t mean that these users already have this service, as crypto payments will do have to be contracted separately.
“Our vision is for Adeo POS to be the most technologically advanced cash register on the regional market, and consequently, we’re following the latest trends in the world of sales and payments,” says Vukmirović. He adds that that’s why they’ve already offered, along with their POS checkouts, support for payments made with Google Pay, Apple Pay, Garmin Pay, and then M2pay card processing. In addition, they offered mobile payment through Settle from the Norwegian company Auka, which also wants to solve the problem of converting other currencies into kuna directly at the site of actual payment.
Horvat says that it is now thanks to the support offered by the Fima Pay cashier service, that Adeo POS can also support payments with Bitcoin, Litecoin, Ether and Bitcoin Cash.
In the case of all these payments, the merchant receives kuna in their account, but Horvat’s goal is much higher that that.
“The plan is to extend the use of Fima Pay to all companies that have recognised the importance of digital business transformation and to enable them to receive payments in cryptocurrencies, as every company in the world, including those registered and operating here in Croatia, can accept the payment of their invoices and bills in cryptocurrency,” Horvat concluded.
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