ANC Pharmacy Partners with Binance Ukraine to Enable Crypto Payments

UTC by Mayowa Adebajo · 2 min read
ANC Pharmacy Partners with Binance Ukraine to Enable Crypto Payments
Photo: ANC Pharmacy

ANC Pharmacy will roll out the Binance Pay payments starting from the country’s capital – Kyiv.

One of Ukraine’s largest pharmacy chains, ANC Pharmacy, may have just partnered with Binance Ukraine to allow crypto payments for its services. The move is a first-of-its-kind, at least as far as the country’s pharmaceutical industry is concerned, and will ensure that customers are now able to pay for their medical needs and supplies in cryptocurrencies such as Bitcoin (BTC).

According to the official announcement, the partnership will use Binance’s contactless payment service known as “Binance Pay.” This means that customers may now place orders via the pharmacy’s website and make instant payments with their digital currencies. Thereafter, they may then proceed to any ANC Pharmacy location to pick up their order.

ANC Pharmacy to Bolster Crypto Payments Adoption in Ukraine

Desperate times call for desperate measures they say, and so the ongoing war in Ukraine has directly impacted the country’s financial system. There is an undeniable need for digital currencies rather than fiat, and companies have been stepping up to meet the growing demands.

For what it’s worth though, crypto payments adoption has been on the rise in the war-torn country. At least, since the war began. But there is no telling the great impact that a major pharmacy chain such as ANC, will have on the adoption of crypto payments in Ukraine.

Currently, the ANC Pharmacy chain operates over 1,000 pharmacies across the country. That is not to mention some other stores that are also being operated by the chain.

Per the announcement, however,  ANC Pharmacy will roll out the Binance Pay payments starting from the country’s capital, Kyiv. It says the payment feature can be found at all its pharmacies and also at ANC Pharmacy-run stores like Shara and Kopiyka.

Binance Continues to Establish its Presence in Ukraine

The new partnership is another step forward for the crypto exchange Binance, as it continues to establish its foothold in Ukraine. Recently,  the exchange struck a similar partnership with the giant supermarket chain Varus. That was in September 2022. And as a result, customers now also pay for grocery purchases via the exchange’s Binance Pay feature as well.

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Mayowa Adebajo

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.

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