Oásis Supermercados Starts Accepting Cryptocurrency Payments
A Brazilian supermarket chain located in Rio de Janeiro, Oásis Supermercados, has recently started accepting cryptocurrency payments after asking a local exchange for information, and training its employees on how to do it
According to local news outlet Portal do Bitcoin, the chain’s clients in Rio de Janeiro will now be able to pay for their things using Bitcoin, Bitcoin Cash, and Litecoin, according to one of the firm’s managers Douglas Andrade.
Andrade said that his brother Thiago was the one who came up with accepting cryptocurrency payments, after seeing a video explaining how to do it.
The firm reportedly has an annual turnover of $6.5 million and 90 employees. 20 of the employees are cashiers and Andrade noted that they have been trained to accept cryptocurrency payments. He said:
“It’s really easy. It’s like a payment by credit card. The client says which cryptocurrency he wants to pay, the operator types in reais and the system already converts to that crypto. Then just scan the QR code and you’re done.”
The chain will be accepting cryptocurrencies through CoinWISE, a firm that turns the cryptocurrencies they receive into reais and sends them over three days after the payments were made.