Electrocoin, a crypto-payments processing firm, collaborates with a local oil and gas company named Tifon in Croatia. The partnership will allow drivers to pay for a full tank employing crypto. Tifon, a Budapest-based MOL Hungarian Oil and Gas PLC subsidiary, has announced that it now provides crypto payments for fuel, other products and services at its petrol stations over Croatia.
According to the reports, all Tifon’s fuel stops will accept crypto involving bitcoin, ethereum, ripple, stellar, and EOS.IO. Tifon will ally with PayCek, a crypto payments platform from Electrocoin, into its current payments systems to make this feasible. Nikola Skoric, the CEO of Electrocoin, announced that Paycek would switch crypto transactions into Croatia’s currency, the kuna, and then transfer them to Tifon.
Further, Tifon is optimistic about the collaboration, especially during the tourist seasons. The customers use this form of payment more often throughout the summer season when tourists from over Europe drove to Croatia’s coastlines and cities. Additionally, taking into consideration the number of service stations, Tifon is amongst the most comprehensive five oil companies in Croatia. Its most significant regional presence is in Slavonia (Eastern part of Croatia) and Central Croatia.
Tifon owns 46 Gas Stations in Croatia
Tifon runs 46 gas stations over the nation and employs an estimated 600 staff to help with its daily functions. Over a couple of years, the general public and businesses have been anticipating a single currency that could operate as a viable exchange medium. Bitcoin cryptocurrency has fortunately received more extensive global acceptance. The larger companies frequently understanding the digital currency’s capacity to transfer money in a matter of minutes.
Moreover, small retailers and large corporations have been acquiring Bitcoin at a rapid pace. The cryptocurrency is receiving fame as a form of payment, equivalent to credit cards. However, two years ago, a comparable program was conducted between the Croatian Post and Electrocoin, enabling residents to cash in their crypto at three post offices in Zadar.
Follow BitcoinWorld for the latest updates.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.