Altcoins News
By Steven Anderson
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The employees at the supermarket, Oásis Supermercados, are trained to process cryptocurrency payments after the store decided to accept cryptocurrency payments.
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Douglas Andrade, the manager of the firm, stated that "The clients of the supermarket will now be able to pay for their things by making use of Bitcoin, Litecoin and Bitcoin Cash."
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When talking to a local publication, Andrade stated that his brother Thiago was the first to come up with accepting cryptocurrency payments.
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The firm has 90 employees with an annual turnover of $6.5 million. About 20 of them were cashiers.
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The shop will be accepting cryptocurrencies by making use of CoinWise. This company will do the job of converting the cryptocurrency into Reais.
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Ever since this system was implemented, no cryptocurrency payments have been made so far. However, the information about the shop accepting these payments has spread far and wide.
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This move is occuring when Bitcoin is recovering from a decline of 80% in price trends. The RFB, Brazil’s Department of Federal Revenue revealed that they are looking to…
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Several cryptocurrency exchanges in this country have been suffering over the past few months. Huobi even dismissed about 10 of their employees in the country.
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There has been a lot of adoption concerning the cryptocurrency industry taking place in Brazil. A Brazilian supermarket has announced to accept cryptocurrencies.
The Currency Analytics
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