Bitcoin

You Can Now Buy Bitcoin at 1,800 Post Offices Locations All Over Austria

Ashour Iesho | Jul 12, 2017 | 06:00

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With cryptocurrency adoption rapidly rising, more and more companies and institutions are offering Bitcoin and blockchain services. 

Austrian Post Office and Bitpanda partnership

In a new report, the Austrian post office, and the Bitcoin exchange Bitpanda partnered up together to offer Bitcoin, litecoin, ethereum and dash at 1,800 post branches all over Austria. Thanks to this partnership, customers will be able to safely and easily buy various cryptocurrencies with euros at all post branches in Austria.

Initially, there will be a trial period for this service and users will be able to buy cryptocurrencies in three different quantities. Users can buy cryptocurrencies worth 50 EUR, 100 EUR and 500 EUR.

Currently, there are no plans to offer smaller denominations but this might change in the near future. After the buyers receive their cryptocurrency vouchers they can then apply the code on the official Bitpanda website and receive their cryptocurrencies within minutes.

A Step in the Right Direction

With this cooperation, buying cryptocurrency will be made easier for the average consumer. Nowadays, exchanges require more and more data and information from users and take even more time to verify the identity of each user. This voucher system by Bitpanda will make buying cryptocurrencies more secure, faster and easier for potential adopters and investors.

“Digital currencies will become a central point of our daily lives but they will not be in conflict with classic currencies,” said Eric Demuth, the co-founder of Bitpanda.

Bitpanda was founded in 2014 and is headquartered in Vienna, Austria. It currently has more than 300,000 users and with this new service, it’s aiming to raise their transaction volume to $200 million. Another goal of the service is to make cryptocurrencies more mainstream and get rid of their current dubious image.

What are your thoughts on this new cooperation? Do you think that this will make cryptocurrencies mainstream? Let us know in the comments below!

Images courtesy of Pixabay, Bitpanda