In Croatia, Tifon gas stations accepting cryptocurrency as payment across the country in collaboration with crypto platform PayCek.
Around the country, the 46 gas stations of Tifon company will accept Bitcoin (BTC), Ethtereum (ETH), ripple (XRP), Stellar(XLM), and EOS as stated by its CEO Poslovni Dnvnik to attract and facilitate more tourists.
PayCek, a crypto platform of Croatian company Electrocoin will directly convert cryptocurrency into Croatia’s fiat currency and pays to Tifon at the time of purchasing.
Ana Lokas, the CFO of Tifon’s, says “ Even though cryptocurrencies payments 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.”
During the pandemic, cryptocurrencies received huge popularity around the globe and a significant number of retail and institutional investors are making their entry into the cryptocurrencies market. Particularly in the USA, bitcoin investment surpassed the gold investment sentiments and small business owners are preferring to switch to crypto. The rising interest in digital assets is compelling the national financial policy makers to launch their own central bank digital currencies and bring about new regulations.