Post offices in Austria are offering bitcoin, Ethereum, Litecoin and Dash in exchange for cash through “bitpanda to go,” a startup that focuses on making the purchase of cryptocurrencies easy. Users can purchase 50 €, 100 € or 500€ worth of cryptocurrency from the Osterreichische Post branches.
The 1,800 post branches provide cryptocurrency purchasers a receipt that can be entered on bitpanda.com/togo. The website also posts the current exchange rate for the respective currency. There are no additional fees.
Users need a valid email address to set up an account. They select which cryptocurrency they want to purchase and enter a code. The selected amount is then transferred to the user’s wallet.
Bitpanda, formerly known as Coinimal, seeks to provide fair prices for offline purchases of cryptocurrencies. The Österreichische Post AG allows bitpanda to offer the digital assets at cost. Hence, the fee structure by offline purchases via cash matches “online” options. This provides cryptocurrencies a more acceptable image in the minds of those who view Internet commerce less favorably.
Full Article Here. Wow...this must be one of the best Post Offices in the world as far as cryptocurrency is concerned. We are all hoping that many post offices in other part of the world would follow this very good example of doing business with cryptocurrency. This is very accessible for anyone.
I understand that anywhere in the world, business is dwindling for the traditional post office services so adding a cryptocurrency can help shore up some business. We are then urging people of Austria to please buy your Bitcoin via the traditional post office so we can encourage more of the same innovation.
