iNovine Becomes First Croatian National Kiosk to Accept Cryptocurrencies

Lauren Simmonds

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As Poslovni Dnevnik writes, iNovine, one of the largest retail kiosks in the Republic of Croatia which operates as part of BAT, is introducing a new cryptocurrency payment service, thus becoming the first Croatian national kiosk to offer the possibility of making payments in cryptocurrencies at physical points of sale.

This project was realised in cooperation with the company Electrocoin, which made cryptocurrency payments in chains like Konzum a reality, so from now on it is possible to pay quickly and securely with cryptocurrencies via the PayCek platform at all points of sale, and there are more than 250 of them throughout the country.

“Digitalisation and the introduction of innovations are key to the long-term improvement and sustainability of business, which is in line with the ESG strategy adopted at the level of the entire BAT Group. In the same way, we at iNovine are continuously listenening to the demands from the market, and the implementation of the system for processing crypto payments enables us to adapt our business to new generations of customers who are using cash less and less frequently when paying for things. It’s a trend that mostly came to life during the global coronavirus pandemic when contactless shopping was suggested to people,” emphasised Jurica Juric, the director of iNovine.

Payment with cryptocurrencies is realised through Electrocoin’s PayCek platform, and it is possible to pay with fourteen different cryptocurrencies – bitcoin, ether, bitcoin cash, USDT, USDC, XRP, solana, litecoin, dai, stellar, dogecoin, eos, BUSD and near.

“If a person, for example, buys products worth 100 kuna and wants to pay in cryptocurrencies, the moment we inform iNovine via PayCek that the payment has been processed, iNovine receives its 100 kuna, while we at Electrocoin fully process the cryptocurrency transaction. The PayCek platform for accepting payments with cryptocurrencies guarantees security to every company that wants to provide its clients with this option,” emphasised the director of Electrocin, Nikola Skoric.

Electrocoin is an innovative Croatian fintech company that provides crypto exchange services and receives cryptocurrencies as a payment method through their own PayCek platform. Although cryptocurrencies are often seen as an investment, Electrocoin has been developing large projects in Croatia for several years that enable the use of cryptocurrencies for everyday purchases. As such, companies attract new generations of users and improve their business all while keeping up with the latest trends.

For more, make sure to check out our dedicated business section.


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