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Mykhailo Chobanyan: A Trailblazer in Ukraine’s Crypto Industry
$BTC
As a pioneer in Ukraine's cryptocurrency sector, Mykhailo Chobanyan made history in 2015 by launching $KUNA, the country’s first crypto exchange. By 2020, the platform had achieved an annual trading volume of $220 million, cementing its role as a key player in the market.
In a revealing conversation with Serhiy Sevidov and ITC.ua editor-in-chief Timur Vorona, Chobanyan shared insights on the future of Ukraine’s crypto landscape, the impact of war on his business, and KUNA’s evolving strategy as the exchange navigates post-war economic realities.
The War’s Impact on KUNA & Market Shifts
The onset of full-scale conflict drastically altered Ukraine’s cryptocurrency trading environment. The decision to halt ruble transactions led to an immediate 60% decline in volume, while the National Bank’s intervention in the hryvnia market caused a further threefold reduction. Today, KUNA operates at just 10% of its pre-war trading volume, with most activity confined to P2P crypto withdrawals and direct crypto-to-crypto transactions.
Despite these challenges, KUNA remains committed to supporting retail clients and maintaining its B2C services. However, given the current economic climate, the exchange does not foresee an immediate revival of hryvnia-based trading. Instead, it is pivoting toward offering euro transactions, targeting international businesses and investors seeking euro-based trading solutions.
Regulatory Challenges & The Future of Crypto in Ukraine
The regulatory landscape has also played a significant role in reshaping Ukraine’s crypto market. Over the years, cryptocurrency has been used for various financial activities, including gambling and high-risk transactions. Reports suggest that, in some cases, digital assets were even linked to budgetary fund mismanagement during wartime.
The U.S. has since intensified efforts to combat illicit financial flows, leading to crackdowns on crypto-related money laundering channels. While such measures have significantly impacted the market, Chobanyan believes regulatory clarity will emerge post-war, paving the way for a more transparent and structured cryptocurrency ecosystem in Ukraine.
As KUNA adjusts to these new economic and regulatory conditions, the company remains focused on global expansion, compliance, and innovation, ensuring its continued relevance in the evolving crypto landscape.
🔹 #CryptoRegulation #UkraineCrypto #KUNA #BlockchainInnovation
#CryptoMarket 🚀
As a pioneer in Ukraine's cryptocurrency sector, Mykhailo Chobanyan made history in 2015 by launching $KUNA, the country’s first crypto exchange. By 2020, the platform had achieved an annual trading volume of $220 million, cementing its role as a key player in the market.
In a revealing conversation with Serhiy Sevidov and ITC.ua editor-in-chief Timur Vorona, Chobanyan shared insights on the future of Ukraine’s crypto landscape, the impact of war on his business, and KUNA’s evolving strategy as the exchange navigates post-war economic realities.
The War’s Impact on KUNA & Market Shifts
The onset of full-scale conflict drastically altered Ukraine’s cryptocurrency trading environment. The decision to halt ruble transactions led to an immediate 60% decline in volume, while the National Bank’s intervention in the hryvnia market caused a further threefold reduction. Today, KUNA operates at just 10% of its pre-war trading volume, with most activity confined to P2P crypto withdrawals and direct crypto-to-crypto transactions.
Despite these challenges, KUNA remains committed to supporting retail clients and maintaining its B2C services. However, given the current economic climate, the exchange does not foresee an immediate revival of hryvnia-based trading. Instead, it is pivoting toward offering euro transactions, targeting international businesses and investors seeking euro-based trading solutions.
Regulatory Challenges & The Future of Crypto in Ukraine
The regulatory landscape has also played a significant role in reshaping Ukraine’s crypto market. Over the years, cryptocurrency has been used for various financial activities, including gambling and high-risk transactions. Reports suggest that, in some cases, digital assets were even linked to budgetary fund mismanagement during wartime.
The U.S. has since intensified efforts to combat illicit financial flows, leading to crackdowns on crypto-related money laundering channels. While such measures have significantly impacted the market, Chobanyan believes regulatory clarity will emerge post-war, paving the way for a more transparent and structured cryptocurrency ecosystem in Ukraine.
As KUNA adjusts to these new economic and regulatory conditions, the company remains focused on global expansion, compliance, and innovation, ensuring its continued relevance in the evolving crypto landscape.
🔹 #CryptoRegulation #UkraineCrypto #KUNA #BlockchainInnovation
#CryptoMarket 🚀
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Ukraine introduces an 18% income tax on cryptocurrencies: a step towards regulating virtual assets
#UkraineCrypto
Ukraine is making a decisive step towards the integration of cryptocurrencies into its financial system by introducing new rules for the taxation of virtual assets. The National Securities and Stock Market Commission (NSSMC) has presented a draft that introduces an 18% income tax on profits from cryptocurrencies, supplemented by a 5% military tax. These measures are aimed at formalizing the digital asset market and aligning it with international standards.
Ukraine is making a decisive step towards the integration of cryptocurrencies into its financial system by introducing new rules for the taxation of virtual assets. The National Securities and Stock Market Commission (NSSMC) has presented a draft that introduces an 18% income tax on profits from cryptocurrencies, supplemented by a 5% military tax. These measures are aimed at formalizing the digital asset market and aligning it with international standards.
#Ukraine is set to legalize cryptocurrencies by Q1 2025, according to the head of the Finance. A draft law developed with the National Bank and IMF is expected after the New Year.
Cryptos will be taxed like securities, with profits taxed upon conversion to currency.
#ukrainecrypto #CryptoLegalization
Cryptos will be taxed like securities, with profits taxed upon conversion to currency.
#ukrainecrypto #CryptoLegalization
Ukraine to Introduce 18% Tax on Crypto Transactions
Ukraine is moving to tax cryptocurrency transactions, including Bitcoin and Ethereum, at a proposed 18% rate as part of its push to integrate digital assets into the national economy.
The Finance Ministry says the initiative aims to increase state revenue and tighten oversight of the growing crypto market. The tax will apply to transactions over a set threshold, with no exemptions planned for individuals or businesses.
The Matrytsia Opodatkuvannia document outlines the structure of the new tax system, offering guidance for understanding compliance and reporting expectations.
This move has sparked concern among investors and crypto businesses, many of whom fear the new tax could reduce trading volumes and push activity offshore. Ruslan Magomedov, Head of the NSSMC, emphasized aligning with international financial standards as a key goal.
Financial analysts warn that the tax may prompt capital flight or offshore trading strategies, while others suggest it could drive technological innovation and improved regulatory frameworks. Reactions are mixed, with some political leaders praising the move and others cautioning against stifling a fast-growing sector.
As seen in other European countries, the impact of crypto taxes can vary widely — with both positive adaptations and unintended economic slowdowns.
#CryptoTax #ukrainecrypto #CryptoTariffDrop #CryptoRegulation #CryptoNews #DigitalAssets $BTC
$ETH
Ukraine is moving to tax cryptocurrency transactions, including Bitcoin and Ethereum, at a proposed 18% rate as part of its push to integrate digital assets into the national economy.
The Finance Ministry says the initiative aims to increase state revenue and tighten oversight of the growing crypto market. The tax will apply to transactions over a set threshold, with no exemptions planned for individuals or businesses.
The Matrytsia Opodatkuvannia document outlines the structure of the new tax system, offering guidance for understanding compliance and reporting expectations.
This move has sparked concern among investors and crypto businesses, many of whom fear the new tax could reduce trading volumes and push activity offshore. Ruslan Magomedov, Head of the NSSMC, emphasized aligning with international financial standards as a key goal.
Financial analysts warn that the tax may prompt capital flight or offshore trading strategies, while others suggest it could drive technological innovation and improved regulatory frameworks. Reactions are mixed, with some political leaders praising the move and others cautioning against stifling a fast-growing sector.
As seen in other European countries, the impact of crypto taxes can vary widely — with both positive adaptations and unintended economic slowdowns.
#CryptoTax #ukrainecrypto #CryptoTariffDrop #CryptoRegulation #CryptoNews #DigitalAssets $BTC
$ETH
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23% with benefits. How Ukraine wants to tax cryptocurrency
#UkraineCrypto
The National Securities and Stock Market Commission presented a 'taxation matrix' for the cryptocurrency market, which is proposed to be used for developing the relevant draft law. It is expected that the financial committee of the Verkhovna Rada will submit the draft law by the end of April 2025, after which it will be presented in the first reading in the parliament hall, as reported by committee chairman Daniil Getmantsev.
The National Securities and Stock Market Commission presented a 'taxation matrix' for the cryptocurrency market, which is proposed to be used for developing the relevant draft law. It is expected that the financial committee of the Verkhovna Rada will submit the draft law by the end of April 2025, after which it will be presented in the first reading in the parliament hall, as reported by committee chairman Daniil Getmantsev.
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🔴 Ukraine plans to introduce an 18% tax on profits from cryptocurrencies
The National Securities Commission of Ukraine has presented a draft for the taxation of cryptocurrencies. If approved, from 2025, income from crypto will be subject to an 18% income tax and a 5% military tax.
📌 What is included in the taxation:
— Sale of crypto for fiat
— Payment for goods and services with digital assets
— Income from mining, staking, and airdrops (if in fiat)
📌 What will not be taxed:
— Exchange of crypto for crypto
— Storage and creation of tokens
🇺🇦 The regulator refers to the experience of France, Austria, and Georgia — where a preferential regime is also in place. Specific rates for individual categories may be 5–9%, but the final decision will be made by the Verkhovna Rada after consultations with the IMF.
📉 Impact: negative for short-term investor interest, but potentially positive in the long term — as a step towards transparency and legalization of the cryptocurrency economy.
📢 Stop chasing the market — start outpacing it 💼
#UkraineCrypto #CryptoTax #Web3Regulation #DigitalAssets #CryptoLaw
The National Securities Commission of Ukraine has presented a draft for the taxation of cryptocurrencies. If approved, from 2025, income from crypto will be subject to an 18% income tax and a 5% military tax.
📌 What is included in the taxation:
— Sale of crypto for fiat
— Payment for goods and services with digital assets
— Income from mining, staking, and airdrops (if in fiat)
📌 What will not be taxed:
— Exchange of crypto for crypto
— Storage and creation of tokens
🇺🇦 The regulator refers to the experience of France, Austria, and Georgia — where a preferential regime is also in place. Specific rates for individual categories may be 5–9%, but the final decision will be made by the Verkhovna Rada after consultations with the IMF.
📉 Impact: negative for short-term investor interest, but potentially positive in the long term — as a step towards transparency and legalization of the cryptocurrency economy.
📢 Stop chasing the market — start outpacing it 💼
#UkraineCrypto #CryptoTax #Web3Regulation #DigitalAssets #CryptoLaw
Feed-Creator-e477327f8:
Ага. Много тут таких которые на ренджи и ягуары заработали??
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Ukraine is on the home stretch to cryptocurrency regulation!
✍️ By October 2025, Ukraine will have an updated draft law on virtual assets ready! This was announced by the First Deputy Head of the NBU, Kateryna Rozhkova.
Main Points:
Powers between regulators will be clearly divided
The Ministry of Digital Transformation will not become a regulator
Involvement of international partners
Consideration of EU practices
This is an important step for the transparency of the crypto market in the country. We are following the developments!
#CryptoNews
#UkraineCrypto
#DigitalAssets
#CryptoRegulation
#BlockchainUpdates
✍️ By October 2025, Ukraine will have an updated draft law on virtual assets ready! This was announced by the First Deputy Head of the NBU, Kateryna Rozhkova.
Main Points:
Powers between regulators will be clearly divided
The Ministry of Digital Transformation will not become a regulator
Involvement of international partners
Consideration of EU practices
This is an important step for the transparency of the crypto market in the country. We are following the developments!
#CryptoNews
#UkraineCrypto
#DigitalAssets
#CryptoRegulation
#BlockchainUpdates
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#UkraineCrisis Ukraine introduces an 18% income tax on cryptocurrencies: a step towards regulating virtual assets
#UkraineCrypto
#UkraineCrypto
Ukraine's Cryptocurrency Regulations: What You Need to Know About the Growing Crypto Ecosystem
Ukraine has become a major player in the world of cryptocurrency and blockchain technology, with significant developments in its legal framework and market adoption. As the country pushes forward with digital financial innovations, it's crucial to understand the regulations governing this emerging sector. Here’s an overview of how Ukraine is shaping the future of cryptocurrency and blockchain technology.
Key Developments in Ukraine's Crypto Landscape
Legalization of Cryptocurrency:Ukraine has officially legalized cryptocurrency, acknowledging it as a legitimate asset class.The country’s government recognizes cryptocurrency as a legal property, enabling businesses and individuals to legally engage with digital currenciesCrypto Taxation Framework:To regulate the sector, Ukraine has introduced a crypto taxation framework that applies to both individuals and businesses.Cryptocurrencies are classified as property, meaning profits derived from crypto trading are subject to personal income tax.The tax rate is 5% for individuals, while companies face an 18% tax on their profits.Cryptocurrency Exchanges:Ukrainian authorities have created a comprehensive licensing system for cryptocurrency exchanges.This regulatory framework ensures that exchanges operate in a compliant and transparent manner, protecting investors and maintaining market integrity.Exchanges must adhere to anti-money laundering (AML) and know your customer (KYC) regulations.
Ukraine's Blockchain Initiatives
Blockchain as a Solution for the Public Sector:Ukraine is leveraging blockchain technology to combat corruption and improve government efficiency.The government has been using blockchain for land registry systems, enhancing transparency and reducing fraudulent activities.Several state-owned sectors, including healthcare and education, are testing blockchain for secure data management and transparency.Development of National Crypto Infrastructure:Ukraine is building a national crypto infrastructure to support the broader adoption of cryptocurrencies.This includes working with international partners to build frameworks for cross-border payments and digital asset usage in business and government.
The Role of Cryptocurrencies in Ukraine's Economy
Growing Adoption:Cryptocurrencies are gaining significant traction in Ukraine, both as an investment asset and as a means of everyday transactions.Ukrainian businesses, particularly in the tech sector, are increasingly accepting digital currencies for goods and services.The rise in crypto adoption has also been fueled by the country's strong digital infrastructure, high internet penetration, and tech-savvy population.International Support:Ukraine has received international recognition for its progressive stance on cryptocurrency and blockchain.Global crypto firms and investors are taking an interest in Ukraine as a hub for digital assets, particularly in the Eastern European region.The country’s proactive stance is also supported by organizations like the World Bank and the International Monetary Fund (IMF), which see Ukraine as a leader in the region.
Challenges and Future Outlook
Ongoing Regulatory Development:While Ukraine has made significant strides in the regulation of cryptocurrencies, it is still evolving its regulatory framework.The government plans to introduce new legislation that will provide clearer guidelines for crypto businesses and investors shortly.There are discussions about introducing a central bank digital currency (CBDC), which would further integrate blockchain technology into the country’s financial systems.Global Uncertainty:Despite these advancements, Ukraine faces challenges, particularly in terms of global uncertainty surrounding cryptocurrency regulation.The country must continue to align its legal and financial frameworks with international standards to ensure global market participation and investment.
Conclusion:
Ukraine’s progressive stance on cryptocurrency regulations has positioned the country as a leader in the digital finance space. By focusing on creating a balanced and transparent regulatory framework, Ukraine is fostering innovation while ensuring investor protection. With the growing acceptance of cryptocurrencies, both locally and internationally, Ukraine’s regulatory approach is set to shape the future of crypto in the region. As the market continues to evolve, staying informed about these regulations will be essential for anyone looking to invest or participate in Ukraine's burgeoning crypto ecosystem.
#UkraineCrypto #BlockchainRegulations #CryptoAdoption
💡Stay Informed: Don’t miss out! Follow BTCRead on Binance Square for the latest updates and more.✅🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
Key Developments in Ukraine's Crypto Landscape
Legalization of Cryptocurrency:Ukraine has officially legalized cryptocurrency, acknowledging it as a legitimate asset class.The country’s government recognizes cryptocurrency as a legal property, enabling businesses and individuals to legally engage with digital currenciesCrypto Taxation Framework:To regulate the sector, Ukraine has introduced a crypto taxation framework that applies to both individuals and businesses.Cryptocurrencies are classified as property, meaning profits derived from crypto trading are subject to personal income tax.The tax rate is 5% for individuals, while companies face an 18% tax on their profits.Cryptocurrency Exchanges:Ukrainian authorities have created a comprehensive licensing system for cryptocurrency exchanges.This regulatory framework ensures that exchanges operate in a compliant and transparent manner, protecting investors and maintaining market integrity.Exchanges must adhere to anti-money laundering (AML) and know your customer (KYC) regulations.
Ukraine's Blockchain Initiatives
Blockchain as a Solution for the Public Sector:Ukraine is leveraging blockchain technology to combat corruption and improve government efficiency.The government has been using blockchain for land registry systems, enhancing transparency and reducing fraudulent activities.Several state-owned sectors, including healthcare and education, are testing blockchain for secure data management and transparency.Development of National Crypto Infrastructure:Ukraine is building a national crypto infrastructure to support the broader adoption of cryptocurrencies.This includes working with international partners to build frameworks for cross-border payments and digital asset usage in business and government.
The Role of Cryptocurrencies in Ukraine's Economy
Growing Adoption:Cryptocurrencies are gaining significant traction in Ukraine, both as an investment asset and as a means of everyday transactions.Ukrainian businesses, particularly in the tech sector, are increasingly accepting digital currencies for goods and services.The rise in crypto adoption has also been fueled by the country's strong digital infrastructure, high internet penetration, and tech-savvy population.International Support:Ukraine has received international recognition for its progressive stance on cryptocurrency and blockchain.Global crypto firms and investors are taking an interest in Ukraine as a hub for digital assets, particularly in the Eastern European region.The country’s proactive stance is also supported by organizations like the World Bank and the International Monetary Fund (IMF), which see Ukraine as a leader in the region.
Challenges and Future Outlook
Ongoing Regulatory Development:While Ukraine has made significant strides in the regulation of cryptocurrencies, it is still evolving its regulatory framework.The government plans to introduce new legislation that will provide clearer guidelines for crypto businesses and investors shortly.There are discussions about introducing a central bank digital currency (CBDC), which would further integrate blockchain technology into the country’s financial systems.Global Uncertainty:Despite these advancements, Ukraine faces challenges, particularly in terms of global uncertainty surrounding cryptocurrency regulation.The country must continue to align its legal and financial frameworks with international standards to ensure global market participation and investment.
Conclusion:
Ukraine’s progressive stance on cryptocurrency regulations has positioned the country as a leader in the digital finance space. By focusing on creating a balanced and transparent regulatory framework, Ukraine is fostering innovation while ensuring investor protection. With the growing acceptance of cryptocurrencies, both locally and internationally, Ukraine’s regulatory approach is set to shape the future of crypto in the region. As the market continues to evolve, staying informed about these regulations will be essential for anyone looking to invest or participate in Ukraine's burgeoning crypto ecosystem.
#UkraineCrypto #BlockchainRegulations #CryptoAdoption
💡Stay Informed: Don’t miss out! Follow BTCRead on Binance Square for the latest updates and more.✅🌐
📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.
🔥 BREAKING:
Ukraine 🇺🇦 is moving forward
with the legalization of cryptocurrency.
A new bill is on the way,
and lawmakers are expected to vote
in the coming months.
Why does this matter?
✅ Regulatory clarity could attract global investors.
✅ Crypto adoption gets another major boost.
✅ Ukraine could become a Web3 innovation hub.
But there are big questions:
❓ How will they regulate exchanges and wallets?
❓ Will there be tax implications for holders?
❓ How will this impact crypto businesses in Ukraine?
💡 One thing is clear:
Crypto adoption isn’t slowing down.
More countries are moving toward regulation,
not bans.
Bullish or skeptical?
What’s your take on Ukraine’s crypto move?
Drop your thoughts below.
#CryptoRegulation #UkraineCrypto #Web3
Ukraine 🇺🇦 is moving forward
with the legalization of cryptocurrency.
A new bill is on the way,
and lawmakers are expected to vote
in the coming months.
Why does this matter?
✅ Regulatory clarity could attract global investors.
✅ Crypto adoption gets another major boost.
✅ Ukraine could become a Web3 innovation hub.
But there are big questions:
❓ How will they regulate exchanges and wallets?
❓ Will there be tax implications for holders?
❓ How will this impact crypto businesses in Ukraine?
💡 One thing is clear:
Crypto adoption isn’t slowing down.
More countries are moving toward regulation,
not bans.
Bullish or skeptical?
What’s your take on Ukraine’s crypto move?
Drop your thoughts below.
#CryptoRegulation #UkraineCrypto #Web3
See original
#binance #wallet #taxes #ukrainecrypto
All this is good, innovative, and will greatly help the development, the main motivation of a person: laziness, it remains for him to earn and transfer to a fiat card. That is, to do nothing and for that they gave money.
But, why accumulate a database of users' wishes even for crypto in their wallets. As you know, all kinds of databases are quite popular "goods", bookers from 1Win will confirm this.
As for the internal situation, we still do not have a regulated market, but the fiscals have already passed, although they do not yet know which side the gate is on. By fiat, the NBU has a base, but they have not yet figured out how to effectively and almost legally withdraw funds from the circulation of a person, a natural person, not an entrepreneur. Well, an artificial colleague can help all of the above. Because rams need help with synchronizing all kinds of databases.
In general, it is interesting, let's start with online stores:) and then I will calculate the annual expenses for each one separately without his knowledge:))
All this is good, innovative, and will greatly help the development, the main motivation of a person: laziness, it remains for him to earn and transfer to a fiat card. That is, to do nothing and for that they gave money.
But, why accumulate a database of users' wishes even for crypto in their wallets. As you know, all kinds of databases are quite popular "goods", bookers from 1Win will confirm this.
As for the internal situation, we still do not have a regulated market, but the fiscals have already passed, although they do not yet know which side the gate is on. By fiat, the NBU has a base, but they have not yet figured out how to effectively and almost legally withdraw funds from the circulation of a person, a natural person, not an entrepreneur. Well, an artificial colleague can help all of the above. Because rams need help with synchronizing all kinds of databases.
In general, it is interesting, let's start with online stores:) and then I will calculate the annual expenses for each one separately without his knowledge:))
Bitcoinworld
--
Intermarché to Trial AI-Powered Shopping Carts for Enhanced Shopping Experience
Intermarché to Trial AI-Powered Shopping Carts for Enhanced Shopping Experience
By Dalvinder Kular
In a push towards innovative retail technology, Intermarché, a major French grocery retailer, is introducing AI-powered shopping carts in its Provins store. This trial, conducted in partnership with retail tech company Shopic and Capgemini, features carts equipped with advanced computer vision technology that can identify thousands of items without manual scanning. This ambitious move aims to enhance the shopping experience, speed up the checkout process, and provide a host of additional features to Intermarché’s customers.
The trial aligns with a broader trend in French retail as supermarkets experiment with AI-enabled shopping solutions. In August, Franprix, another French grocery chain, partnered with Cust2Mate to roll out similar technology in its Paris stores, highlighting a shift toward smart shopping solutions across the industry.
AI-Powered Shopping Carts: How They Work
The AI-powered shopping carts at Intermarché are equipped with a clip-on device powered by computer vision technology. This setup enables the cart to automatically recognize items added by the customer without the need for individual scanning. Unlike traditional shopping experiences, where each item needs to be manually scanned at checkout, these smart carts aim to streamline the entire process by making it as seamless and efficient as possible.
Key Features of Intermarché’s Smart Carts
Automatic Item Recognition: The AI-driven computer vision software can recognize thousands of items without manual scanning, offering a hands-free shopping experience.
Real-Time Budget Tracking: Shoppers can view their running total in real-time, making it easier to manage their spending within budget.
Loyalty Integration: The carts allow customers to check loyalty points, promotions, and other special offers as they shop.
Potential for Personalized Retail Media: In the future, Intermarché plans to display personalized ads and supplier promotions directly on the cart interface, tailoring the shopping experience to each customer’s preferences.
These features not only enhance convenience but also improve the accuracy of the checkout process. By eliminating the need for manual barcode scanning, the AI-powered system reduces errors and cuts down the time customers spend in line.
A Collaboration for Innovation: Intermarché, Shopic, and Capgemini
Intermarché’s trial of AI-powered carts is part of a collaborative effort involving Shopic, a retail technology firm, and Capgemini, a global consulting company specializing in technology. Shopic’s computer vision technology is integral to the project, providing the AI software that powers the cart’s item recognition and personalization capabilities.
According to Perrine Vignon, owner of the Intermarché store in Provins, the trial marks a significant step forward for AI in retail. “We are delighted with our collaboration with Shopic for this pilot project, which is an excellent opportunity to concretely test the benefits of AI, using computer vision, for retail,” Vignon commented. “Customers of the Provins supermarket will benefit from a simplified, fast, and efficient shopping journey thanks to the smart carts.”
Why Computer Vision Matters in Retail
Computer vision technology is rapidly becoming a transformative force in the retail industry. By using advanced image recognition algorithms, it can accurately identify items based on appearance rather than barcodes. This has several benefits for grocery stores:
Enhanced Shopping Speed: Customers can add items to their cart without stopping to scan each item individually.
Reduction in Errors: The technology minimizes the risk of incorrect charges due to human error, making it easier to manage inventories.
Customer Insights: Computer vision data can provide retailers with insights into shopping patterns, helping them optimize store layouts and promotions.
Improving Customer Experience with AI-Enabled Shopping Carts
Intermarché’s AI-powered carts are designed to simplify the shopping experience and make it more interactive. The carts’ real-time tracking feature lets customers view their total spend, check loyalty points, and see relevant promotions applied to their cart. Additionally, future plans for integrating personalized retail media mean that customers could eventually receive customized offers and content based on their shopping habits.
These advancements aim to make shopping easier and more transparent, empowering customers to make informed choices. Real-time budget tracking can help customers stick to their budget, and personalized content adds a unique value layer by tailoring promotions to individual preferences.
The Future of Personalized Retail Media
Personalized retail media within shopping carts could represent a new era in targeted advertising. By analyzing customers’ purchasing behaviors and preferences, Intermarché plans to introduce relevant ads and supplier offers throughout the shopping journey. This approach could turn the shopping cart into a platform for advertisers while enhancing the customer experience with customized deals.
France’s Move Toward Smart Retail Solutions: Franprix’s AI-Powered Shopping Carts
Intermarché’s trial follows a similar initiative by Franprix, another French supermarket chain that recently launched AI-powered shopping carts in partnership with Cust2Mate. Franprix’s smart carts feature a clip-on panel that provides an all-in-one service, allowing customers to self-scan items and complete payments directly on the cart.
These smart shopping solutions reflect a growing trend among French retailers to incorporate technology for an enhanced customer experience. By making the shopping journey faster, easier, and more interactive, AI-powered carts are setting a new standard in the grocery shopping experience.
Challenges and Opportunities in AI-Powered Retail Technology
While AI-powered shopping carts hold immense promise, they also present unique challenges for retailers. Implementing these systems requires significant investment, both in terms of technology and training. Additionally, there are considerations around data privacy and security, as customer behavior data and purchasing history are collected and analyzed.
Key Challenges
Cost of Implementation: Developing and deploying AI-powered shopping carts involves considerable upfront costs, which may be a barrier for smaller retailers.
Data Privacy Concerns: With personalized media and behavior tracking, maintaining data privacy is crucial to gaining and retaining customer trust.
Adoption and Usability: Customers may need time to adjust to new technologies, especially older customers who may not be as familiar with digital interfaces.
Potential Benefits
Enhanced Customer Experience: Smart carts simplify shopping, reduce wait times, and make the checkout process seamless.
Increased Revenue through Targeted Ads: Personalized offers and advertising within the shopping cart can generate additional revenue streams for retailers.
Valuable Consumer Insights: AI-enabled carts provide retailers with real-time data on shopping patterns and product preferences, aiding in inventory management and marketing efforts.
Conclusion: The Future of AI in Retail
Intermarché’s trial of AI-powered shopping carts at its Provins location represents a significant milestone for the retail industry in France. With technology that can recognize items automatically, display real-time prices, and apply promotions seamlessly, these carts are designed to make the shopping experience more efficient and enjoyable. By partnering with Shopic and Capgemini, Intermarché is bringing innovative solutions to its customers while also exploring the potential for personalized retail media.
As AI-powered solutions like these continue to evolve, they promise to reshape the shopping journey, making it faster, more personalized, and more connected. France’s retailers, including Franprix and Intermarché, are leading the way in adopting smart retail technologies, positioning themselves at the forefront of a transformative trend.
To learn more about the innovative startups shaping the future of the retail industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
By Dalvinder Kular
In a push towards innovative retail technology, Intermarché, a major French grocery retailer, is introducing AI-powered shopping carts in its Provins store. This trial, conducted in partnership with retail tech company Shopic and Capgemini, features carts equipped with advanced computer vision technology that can identify thousands of items without manual scanning. This ambitious move aims to enhance the shopping experience, speed up the checkout process, and provide a host of additional features to Intermarché’s customers.
The trial aligns with a broader trend in French retail as supermarkets experiment with AI-enabled shopping solutions. In August, Franprix, another French grocery chain, partnered with Cust2Mate to roll out similar technology in its Paris stores, highlighting a shift toward smart shopping solutions across the industry.
AI-Powered Shopping Carts: How They Work
The AI-powered shopping carts at Intermarché are equipped with a clip-on device powered by computer vision technology. This setup enables the cart to automatically recognize items added by the customer without the need for individual scanning. Unlike traditional shopping experiences, where each item needs to be manually scanned at checkout, these smart carts aim to streamline the entire process by making it as seamless and efficient as possible.
Key Features of Intermarché’s Smart Carts
Automatic Item Recognition: The AI-driven computer vision software can recognize thousands of items without manual scanning, offering a hands-free shopping experience.
Real-Time Budget Tracking: Shoppers can view their running total in real-time, making it easier to manage their spending within budget.
Loyalty Integration: The carts allow customers to check loyalty points, promotions, and other special offers as they shop.
Potential for Personalized Retail Media: In the future, Intermarché plans to display personalized ads and supplier promotions directly on the cart interface, tailoring the shopping experience to each customer’s preferences.
These features not only enhance convenience but also improve the accuracy of the checkout process. By eliminating the need for manual barcode scanning, the AI-powered system reduces errors and cuts down the time customers spend in line.
A Collaboration for Innovation: Intermarché, Shopic, and Capgemini
Intermarché’s trial of AI-powered carts is part of a collaborative effort involving Shopic, a retail technology firm, and Capgemini, a global consulting company specializing in technology. Shopic’s computer vision technology is integral to the project, providing the AI software that powers the cart’s item recognition and personalization capabilities.
According to Perrine Vignon, owner of the Intermarché store in Provins, the trial marks a significant step forward for AI in retail. “We are delighted with our collaboration with Shopic for this pilot project, which is an excellent opportunity to concretely test the benefits of AI, using computer vision, for retail,” Vignon commented. “Customers of the Provins supermarket will benefit from a simplified, fast, and efficient shopping journey thanks to the smart carts.”
Why Computer Vision Matters in Retail
Computer vision technology is rapidly becoming a transformative force in the retail industry. By using advanced image recognition algorithms, it can accurately identify items based on appearance rather than barcodes. This has several benefits for grocery stores:
Enhanced Shopping Speed: Customers can add items to their cart without stopping to scan each item individually.
Reduction in Errors: The technology minimizes the risk of incorrect charges due to human error, making it easier to manage inventories.
Customer Insights: Computer vision data can provide retailers with insights into shopping patterns, helping them optimize store layouts and promotions.
Improving Customer Experience with AI-Enabled Shopping Carts
Intermarché’s AI-powered carts are designed to simplify the shopping experience and make it more interactive. The carts’ real-time tracking feature lets customers view their total spend, check loyalty points, and see relevant promotions applied to their cart. Additionally, future plans for integrating personalized retail media mean that customers could eventually receive customized offers and content based on their shopping habits.
These advancements aim to make shopping easier and more transparent, empowering customers to make informed choices. Real-time budget tracking can help customers stick to their budget, and personalized content adds a unique value layer by tailoring promotions to individual preferences.
The Future of Personalized Retail Media
Personalized retail media within shopping carts could represent a new era in targeted advertising. By analyzing customers’ purchasing behaviors and preferences, Intermarché plans to introduce relevant ads and supplier offers throughout the shopping journey. This approach could turn the shopping cart into a platform for advertisers while enhancing the customer experience with customized deals.
France’s Move Toward Smart Retail Solutions: Franprix’s AI-Powered Shopping Carts
Intermarché’s trial follows a similar initiative by Franprix, another French supermarket chain that recently launched AI-powered shopping carts in partnership with Cust2Mate. Franprix’s smart carts feature a clip-on panel that provides an all-in-one service, allowing customers to self-scan items and complete payments directly on the cart.
These smart shopping solutions reflect a growing trend among French retailers to incorporate technology for an enhanced customer experience. By making the shopping journey faster, easier, and more interactive, AI-powered carts are setting a new standard in the grocery shopping experience.
Challenges and Opportunities in AI-Powered Retail Technology
While AI-powered shopping carts hold immense promise, they also present unique challenges for retailers. Implementing these systems requires significant investment, both in terms of technology and training. Additionally, there are considerations around data privacy and security, as customer behavior data and purchasing history are collected and analyzed.
Key Challenges
Cost of Implementation: Developing and deploying AI-powered shopping carts involves considerable upfront costs, which may be a barrier for smaller retailers.
Data Privacy Concerns: With personalized media and behavior tracking, maintaining data privacy is crucial to gaining and retaining customer trust.
Adoption and Usability: Customers may need time to adjust to new technologies, especially older customers who may not be as familiar with digital interfaces.
Potential Benefits
Enhanced Customer Experience: Smart carts simplify shopping, reduce wait times, and make the checkout process seamless.
Increased Revenue through Targeted Ads: Personalized offers and advertising within the shopping cart can generate additional revenue streams for retailers.
Valuable Consumer Insights: AI-enabled carts provide retailers with real-time data on shopping patterns and product preferences, aiding in inventory management and marketing efforts.
Conclusion: The Future of AI in Retail
Intermarché’s trial of AI-powered shopping carts at its Provins location represents a significant milestone for the retail industry in France. With technology that can recognize items automatically, display real-time prices, and apply promotions seamlessly, these carts are designed to make the shopping experience more efficient and enjoyable. By partnering with Shopic and Capgemini, Intermarché is bringing innovative solutions to its customers while also exploring the potential for personalized retail media.
As AI-powered solutions like these continue to evolve, they promise to reshape the shopping journey, making it faster, more personalized, and more connected. France’s retailers, including Franprix and Intermarché, are leading the way in adopting smart retail technologies, positioning themselves at the forefront of a transformative trend.
To learn more about the innovative startups shaping the future of the retail industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
😱🔥Ukraine’s rejection of the U.S. proposal for a 50% stake in its mineral wealth signals heightened geopolitical tensions, which could impact global commodity and crypto markets.
The refusal, driven by the lack of security guarantees, suggests Ukraine is prioritizing sovereignty over immediate financial relief, keeping negotiations open for a stronger deal.
This uncertainty may drive volatility in lithium, uranium, and graphite stocks, while also influencing energy and defense sectors.
Traders should watch for Ukraine’s counterproposal and potential European involvement, as any breakthrough could stabilize markets and create profitable opportunities in commodities, security-focused investments, and related crypto assets.
#ukrainecrypto #USGovernment #AIandStablecoins #BNBChainMeme
The refusal, driven by the lack of security guarantees, suggests Ukraine is prioritizing sovereignty over immediate financial relief, keeping negotiations open for a stronger deal.
This uncertainty may drive volatility in lithium, uranium, and graphite stocks, while also influencing energy and defense sectors.
Traders should watch for Ukraine’s counterproposal and potential European involvement, as any breakthrough could stabilize markets and create profitable opportunities in commodities, security-focused investments, and related crypto assets.
#ukrainecrypto #USGovernment #AIandStablecoins #BNBChainMeme
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Let's create a community on Telegram!
Here we will:
Help each other solve difficult tasks.
Share life hacks and useful resources.
Discuss ideas, inspire and support.
Together we can achieve more! Join and become part of an active and friendly community.
If you are interested, leave a comment or write in private messages to get a link to the chat!
#ukrainecrypto
Here we will:
Help each other solve difficult tasks.
Share life hacks and useful resources.
Discuss ideas, inspire and support.
Together we can achieve more! Join and become part of an active and friendly community.
If you are interested, leave a comment or write in private messages to get a link to the chat!
#ukrainecrypto
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#UkraineCrypto
In Ukraine, preparations are underway for the taxation of cryptocurrency.
The National Securities Commission has developed a corresponding matrix.
It is proposed to tax profits from the sale of crypto and payments for goods and services using it at 18% + 1.5% military levy.
The possibility of preferential rates – 5% or 9% – is being discussed;
Mining, staking, holding, and airdrop (without payment) are proposed to be exempt from taxation.
Earlier, Hetmantsev mentioned that cryptocurrency is expected to be legalized by summer.
$BNB $SOL
In Ukraine, preparations are underway for the taxation of cryptocurrency.
The National Securities Commission has developed a corresponding matrix.
It is proposed to tax profits from the sale of crypto and payments for goods and services using it at 18% + 1.5% military levy.
The possibility of preferential rates – 5% or 9% – is being discussed;
Mining, staking, holding, and airdrop (without payment) are proposed to be exempt from taxation.
Earlier, Hetmantsev mentioned that cryptocurrency is expected to be legalized by summer.
$BNB $SOL
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