Electrocoin has partnered with a local oil and gas company in Croatia to enable drivers to pay for a full tank of crypto.
According to the Croatian news channel Poslovni dnevnik, folks need to refuel their vehicles at any of the 46 Tifon stations in the country can now pay with Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP, and EOS. Tifon will integrate PayCek, a crypto payment platform from Electrocoin, into its existing payment systems to make this possible.
Tifon CFO Ana Lokas said the company expected foreign tourists to Croatia to likely contribute to the development and growth of crypto payments in the country, given their “widespread habits of using these types of payments.” Many countries still warn against crossing borders during the pandemic, but the number of new daily COVID-19 cases in Croatia has also cases below 1,000 since its peak in mid-December.
Nikola Škorić, founder and president of Electrocoin, said the partnership was “the result of serious companies increasingly recognizing the potential of cryptocurrencies.” He explained the payment system in detail:
“If a person replenishes for HRK 400 and wants to pay in cryptocurrencies, the moment we inform Tifon via PayCek that the payment has been processed, Tifon will receive HRK 400,” said Škorić. “They are never in danger.”
“Bitcoin, when it was created ten years ago, was designed to be used for payments […] Cryptocurrencies are usually talked about in terms of investment, but on the other hand, partnerships like this one with Tifon, and many to come in the coming months, in Croatia show cryptocurrencies slowly returning to their original idea – use for payment transactions. “
Although Lokas said crypto payments are “still in its infancy in Croatia,” the country has been at the forefront of certain parts of the ecosystem. Two years ago, a similar program was carried out between the Croatian Post and Electrocoin, resulting in residents to cash in on their crypto at three post offices in the city of Zadar. Plus, Telos announced it would happen last year symbolize $ 35 million worth of Croatian properties by the sea.