United Colors of Benetton, the very famous high street fashion brand, in Lithuania has officially started accepting cryptocurrencies via CopPay, a Lithuanian-based multi-?ryptocurrency payment platform for businesses, consumers and community. CopPay’s international payment processing system aims to help store owners avoid losses due to the volatility of the exchange rate by converting cryptocurrency into traditional money in real time.
Co-owner of the Lithuanian franchise United Colors of Benetton and former Vilnius mayor Arturas Zuokas commented,
“We would like to support the idea of freedom and variety of different payment possibilities. Lithuania is already joining the world trend of money digitalization. Lithuanians actively contribute to the development of the crypto-infrastructure. Now you can pay with cryptocurrency in many restaurants, shops, boutiques, barbershops, computer services and fitness centers in Vilnius. In the future, payment by cryptocurrency will be available everywhere,”
CopPay tweeted that Zenoteca, Gasper’s Restaurant, EFIX.LT and Delicateum have also partnered with the platform and are now accepting cryptocurrency payments.
Last year CopPay initiated an ICO, but which didn’t very well.
“On November 30 we’ll wrap up our ICO. Unfortunately, we haven’t managed to achieve our goal, which means we can’t yet bring our payment platform to market… The competition for investors’ attention is enormous. We now realize our mistakes and have learnt a great deal; so the experience has been extremely valuable; even though our ICO failed. We are sincerely grateful to everyone who participated and supported us. Don’t worry; we’re not giving up. We’re now more convinced than ever that our product has a crucial role to play as customer demand for cryptocurrency payments increases.”
CopPay’s payment gate has been now testing in businesses located in countries including Germany, the Netherlands, Belarus, Lithuania and Chile; via CopPay, where customers can legally pay with Bitcoin, Ether, Dash, Nem and Steemit. The crypto platform plans to expand into North America and Africa by the year’s end.
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