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Distributor in Spain already accepts payments with cryptocurrencies

Grupo Impulso is a purchasing center that ranges from health products, food, automotive and convenience items for various sectors such as health centers (hospitals, clinics, residences,…), service stations and passing businesses, with its main markets in Europe and Latin America.

The company, which until now supported payments through cards, PayPal, Stripe and Bizum, incorporates payment with stable cryptocurrencies from its catalog on its website, demonstrating, according to its general manager Gustavo Sandoval, a “commitment by new technologies and a vision towards the future of the economy”.

The type of cryptocurrencies supported are stablecoins. This special type of cryptocurrency brings together the ease of access and security of cryptocurrencies and the stability of fiat currencies.

The payment gateway chosen for this task is Gastcoin Gateway, developed by the Spanish startup Gastcoin S.L. founded in 2022 by 5 young entrepreneurs who saw the opportunity to include payments with stablecoins in their daily lives.

“Most payment gateways are based on bitcoin (BTC) and ether (ETH), which brings a high degree of volatility that entrepreneurs cannot afford. Gastcoin Gateway incorporates, through smart contracts, payment with Tether (USDT) and Binance USD (BUSD), stable value cryptocurrencies, linked 1 to 1 with the US dollar, providing the security that businesses need”, says Cristian Sánchez, CEO of Gastcoin S.L.

The objective of this strategic alliance is to expand Grupo Impulso’s operations in Latin America and other emerging markets, with dollarized economies and where inflation is a serious problem.

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