On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like BCH, DASH, DAI, and BTC.
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Venezuelan Pharmacy Chain Farmarket Starts Accepting Crypto Payments
Over the last few months, Panda Group has been relentlessly pushing for cryptocurrency adoption throughout Colombia and Venezuela. In mid-July, the company deployed 10 hybrid cryptocurrency point-of-sale (PoS) machines that also work as automated teller machines (ATM). Four of the devices are situated near the border of Venezuela, so citizens from the region and those crossing the border can utilize a gateway to digital assets. Panda Group also installed the crypto PoS hybrid solution in Bogotá, at La Tortata sweet shop, the well-known burger shop Darwinos in Cúcuta Colombia, and the machines also appeared at the EXMA conference in Bogotá on May 27-28. This week Lozano and his team announced the partnership between Farmarket and Xpay, the solution that powers the PoS devices. The Xpay integration will start at stores located in Caracas and expand to the rest of the pharmacy’s 22 locations across Venezuela.
Xpay helps Farmarket accept digital currencies and lets the merchant choose what percentage of funds
