A network of Croatian gas stations, Tifon, will begin accepting cryptocurrency payments for fuel and other products and services through a partnership with Electrocoin.
Through a partnership with Electrocoin's cryptocurrency payment platform PayCek, 46 Tifon gas stations in Croatia will begin accepting BTC, ETH, XLM, XRP and EOS to pay for goods and services.
According to Electrocoin CEO Nikola Škorić, PayCek will convert cryptocurrencies into Croatia's national currency, kunas, and then transfer them to Tifon.
According to Tifon, the new service could be popular with foreign and local tourists visiting Croatia's cities and coast in the summer. Tifon CFO Ana Lokas said:
"Although cryptocurrency payments in Croatia are still in the early stages of spreading, thanks to the introduction of this payment option at all Tifon stations, we expect further growth and development of this sector."
As a reminder, in 2019 Croatia Post announced the test launch of the cryptocurrency to cash exchange service in the city of Zadar. The service was also provided in partnership with Electrocoin.