Forty-six Tifon gas stations across Croatia have reportedly started accepting cryptocurrency payments. Using payment processor Paycek, customers can pay with a number of cryptocurrencies, including bitcoin and ether.
- Tifon gas stations in Croatia started accepting cryptocurrency payments at the beginning of February. There are currently 46 Tifon gas stations in the country.
- Paycek, a service by Croatian fintech startup Electrocoin, will process crypto payments for Tifon. According to its website, Paycek supports bitcoin (BTC), ether (ETH), XRP, stellar (XLM), and EOS.
- Cryptocurrency payments are converted into fiat currency at the time of purchase. For example, if a customer buys gas for HRK 400 ($64) and pays with a cryptocurrency, Paycek processes the payment and pays Tifon in the Croatian kuna. Tifon says that at no point is it at risk by accepting crypto payments.
- Ana Lokas, Tifon’s chief finance officer, commented: “Although payments in cryptocurrencies are still in their infancy in Croatia, with the introduction of this payment option at all Tifon’s points of sale, we expect their further development and growth, especially during the tourist season, given the more widespread habits of using this type of payment by foreign customers.”
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