Brazilian Store Goes Crypto
Brazilian store, Via Varejo, after the partnership with Airfox, lets its customer pay for the products in cryptocurrency.
Airfox is a company that created mobile access to financial services for unbanked people. The Airfox platform runs on the AirToken platform (AIR), an ERC-20 token built on the Ethereum blockchain. The company has been run since February 2018.
As you can read in the press release, the customers of Via Varejo not only will be able to pay for the purchases via Airfox but also will be able to use microloans provided by the retail group. With the Airfox application, clients will have the possibility to make deposits and withdrawals at any Casas Bahia store and other locations like post offices, banks and ATMs.
Being introduced to blockchain technology and cryptocurrencies is not only a big step for both companies, but also for the whole society.
“Our partnership with Via Varejo supports our mission to democratize financial services for the Brazilian population currently underserved by financial institutions,” said Victor Santos, co-founder and CEO of Airfox.
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