Published on May 16th, 2017 | by bitcoin0
Bitcoin, payments could soon cover 80% of Ukraine merchant terminals
A project aiming to introduce Bitcoin and Dash payments across the Ukrainian retail sector has gained over $20,000 funding.
The as yet unnamed initiative, which began as a proposal on the Dash Central platform, now has 255 Dash ($21,500) at its disposal and has partnered with backend clients to make consumer payments possible.
In a progress update, developers pointed to a need for an alternative merchant scheme in Ukraine as extant operators such as Bitpay are not best suited to merchants’ financial situations.
“The problem with that is a limited number of fiat currencies that are supported there,” developers write.
Acceptance will come through the second partnership with Profit Solutions, a merchant payments facilitator for Ukraine which covers around 80 percent of active terminals according to the update.