13 Jan 2025

Ukraine’s First Electric Vehicle Purchase with Crypto

Ukraine’s First Electric Vehicle Purchase with Crypto

Ukraine is steadily advancing its commitment to innovative technologies with a significant milestone in its automotive industry. For the first time in the country, an electric car was purchased using cryptocurrency.

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Transaction Details:

L.Riker, a Ukrainian electric vehicle retailer known for its focus on eco-friendly and cutting-edge transport solutions, facilitated the sale of a BYD Song L using digital assets. The company is actively engaged in promoting and expanding the use of electric vehicles in Ukraine, offering a wide range of models and services to meet consumer demands.

The transaction was conducted using a POS terminal provided by Whitepay, part of the WhiteBIT ecosystem. Whitepay offers technical solutions for accepting cryptocurrencies in commerce and charity, including crypto acquiring, POS terminals, payment pages, crypto banks, and widgets, supporting over 140 digital assets. This setup allowed the dealership’s customer to complete the purchase directly in the showroom using their cryptocurrency savings.

Advantages of Crypto Acquiring:

The partnership between L.Riker and Whitepay opens new possibilities for digital asset owners, making the purchase of electric cars or their charging stations more accessible and convenient. Transactions through the Whitepay POS terminal take only up to 5 minutes and allow the use of cryptocurrency without the need for conversion.

Gleb Udovichenko, CEO of Whitepay, commented on the collaboration: “Our goal is to provide the best service for cryptocurrency transactions. Partnering with L.Riker, a leading electric vehicle retailer, confirms that we are moving in the right direction. Cryptocurrencies and electric vehicles are an ideal match in the context of future technologies.”

This event is a significant step in the development of both the cryptocurrency and automotive industries in Ukraine. It demonstrates how innovative technologies can be integrated into everyday life, making purchases more convenient and accessible for digital asset users. 

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