Ukrainian pharmacies enable crypto payments via Binance Pay

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Ukrainian pharmacies are embracing digital payments amid the ongoing war, with a major local chain allowing payments in cryptocurrencies like Bitcoin (BTC).

ANC Pharmacy, one of the largest pharmacy chains in the country, has partnered with Binance Ukraine to launch cryptocurrency payments through the contactless crypto payment service Binance Pay.

ANC Pharmacy now allows its customers to make instant payments when purchasing pharmaceuticals online, the chain officially announced on January 3.

The pharmacy chain operates more than 1,000 pharmacies across Ukraine, running its own online pharmacy service. According to the announcement, Binance Pay payments will initially be rolled out in Kyiv.

The new payment functionality will be available at ANC pharmacies as well as ANC Pharmacy-operated stores like Kopiyka and Shara. ANC, Kopiyka and Shara are the first pharmacies in Europe to accept crypto, the announcement states.

In order to make a crypto payment, users need to download the Binance app and then go to the ANC website. After choosing a product to order online, users will be able to pay using Binance Pay and pick up the order from a location of their choice.

A Binance Ukraine spokesperson did not immediately respond to Cointelegraphs’ request for comment.

Related: Ukraine collaborates with international consultants to update encryption framework

Binance has been actively building its presence in Ukraine over the past few years. In September 2022, Binance partnered with Ukrainian supermarket chain Varus, allowing customers to pay for grocery purchases through its Binance Pay wallet.

In early February 2022, just weeks before Russian forces invaded Ukraine, Binance Ukraines Managing Director Kirill Khomyakov told Cointelegraph that the launch of a Binance Card in Ukraine was one of its main priorities for 2022.

According to Khomyakov, crypto payments through services like Binance Card do not conflict with Ukrainian laws as there is no ban on crypto-derived transactions in the country. At the same time, local laws do not allow direct payments in cryptocurrencies like Bitcoin.

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