Bitcoin, Cryptocurrency

Latin America’s crypto-powered shopping now the ‘New Norm’

Rattan, a famous shopping outlet in Venezuela, has become the latest retailer in the country to announce it will start accepting payments in bitcoin (BTC) and several altcoins.

According to a tweet from media outlet Criptolugares that was reposted by crypto exchange Cryptobuyer, the trading platform has boxed a deal with Rattan that will initially see the Plaza branch of the Rattan supermarket network, one of the busiest retailers on the island of Margarita, in the state of Nueva Esparta.

The agreement will allow Rattan Plaza shoppers to py bitcoin in-store using Cryptobuyer’s Pay solution. They also have the option to pay with their Litecoin (LTC), Dash (DASH), ethereum (ETH), Binance coin (BNB), Dai (DAI), tether (USDT), and Cryptobuyer’s native ERC-20-based cryptoasset.

The announcement comes hot on the heels of a report last month, also by Cryptobuyer, that it had sealed a deal with the Venezuelan supermarket chain Excelsior Gama. Like the Rattan arrangement, the Excelsior Gama agreement provides shoppers at the latter to send the same set of eight cryptoassets instead of fiat bolivars.

The same exchange has also been instrumental in beginning crypto pay solutions for the Traki nationwide chain of department stores – where consumers can pay in crypto, including the state-operated, oil-backed petro (PTR) token.

Just recently, we reported that major hotels in Venezuela have also begun to adopt crypto pay (with some in Argentina now set to follow suit), with crypto pay also enabled via point-of-sale (POS) devices at scores of smaller stores throughout the country – as well as gas stations, which were given the green-light to accept crypto pay earlier this year.

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