Belarusians can now shop with crypto on Russia’s leading e-commerce platform, Wildberries

Belarusians can now shop on Russia’s leading e-commerce platform, Wildberries, using cryptocurrencies like Bitcoin, Ethereum and ￰0￱ feature meets legal requirements for such transactions in Belarus, which is updating its regulations in order to facilitate crypto payments for its ￰1￱ accepts cryptocurrencies in Belarus Russian online retail giant Wildberries is piloting cryptocurrency payments for its Belarusian customers, media reports revealed this ￰2￱ popular platform’s Belarusian website allows users to pay for their orders using electronic certificates which can be bought with a number of major ￰3￱ are purchased through Whitebird, the first licensed crypto trading venue in Belarus, which is Wildberries’ partner in the trial ￰4￱ in 2020, Whitebird is a resident of the Belarus Hi Tech Park (HTP), a hub providing a special legal regime and tax benefits for IT companies and digital asset businesses, and it is authorized to conduct crypto-fiat ￰5￱ certificates are denominated in Belarusian rubles and can only be used to pay for items offered by the Russian ￰6￱ feature is currently active in test mode for a pilot group of customers using the Wildberries site and app for iOS and Android, Minskaya Pravda unveiled on ￰7￱ newspaper noted that the service will gradually be made available to all ￰8￱ payments facilitated by conversion to Belarusian fiat Users can buy the e-certificates in advance or during the Wildberries ￰9￱ with Whitebird is required, too, in order to top up ￰10￱ will be redirected to the exchange’s website, where they can select the cryptocurrency they want to use and the amount they would like to ￰11￱ rates are updated and displayed to the end user in real time, and no commission will be charged for obtaining the ￰12￱ soon as a buyer completes the process, a ruble certificate is issued and its amount credited by Whitebird to their Wildberries ￰13￱ payment option supports a list of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and the U.

S. dollar-pegged stablecoin Tether (USDT), among ￰14￱ of payments will be a priority The two companies have made it clear they are putting an emphasis on ensuring the security of ￰15￱ users verified by Whitebird will be able to buy the electronic ￰16￱ exchange conducts constant anti-money laundering (AML) monitoring, undergoes annual audits by independent firms, and complies with Belarusian AML ￰17￱ loaded to a certificate, the funds cannot be withdrawn to a bank card and can be used exclusively to order from ￰18￱ latter was launched in 2004 and has since become a popular online shop for clothing, cosmetics, household items, electronics, books, and many other product categories, in Russia as well as in a number of other former Soviet states, from Armenia to ￰19￱ was founded by Tatyana Kim while she was looking after her first child with Russian entrepreneur Vladislav ￰20￱ is considered Russia’s first self-made billionaire woman, with Forbes estimating her net worth at $7.4 billion in ￰21￱ crypto option is her company’s first project related to digital ￰22￱ Belarusian daily commented that it will help develop fintech services and payment innovations in the country, while promoting financial ￰23￱ legalized crypto business for HTP residents in 2018 with a presidential decree issued the previous year by the country’s long-term leader, Alexander ￰24￱ payments in neighboring Russia, of which Belarus is a close ally, are strictly prohibited , aside from a special regime, allowing Russian firms to use coins to evade sanctions in foreign ￰25￱ Belarusian president recently urged relevant authorities to step up efforts to update the nation’s regulatory framework and catch up with its rapidly developing crypto ￰26￱ payments made by Belarusian citizens are expected to reach $3 billion by the end of 2025, as reported by Cryptopolitan, after already hitting a record high in the first seven months of the ￰27￱ crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites