bitcoin

Thousands of Austrian post offices will soon sell Bitcoin

Nearly 2,000 post offices across Austria are planning to facilitate the easy purchase of Bitcoin and other digital currencies for customers.

The partnership between Austrian-based digital currency platform Bit Panda and the national post office Österreichische Post AG will bring cryptocurrencies to the masses, taking away the complex process of buying them.

Cash amounts of 50, 100 and 500 Euro can be exchanged for the required cryptocurrency at participating Post Offices, customers will then receive a digital code to access their wallet at Bit Panda.

Bitpanda is considered to be one of the largest Bitcoin platforms. It was founded in Vienna in 2014 and currently has over 300,000 users.

Bitpanda is hoping – also thanks to the post-cooperation – to grow to a transaction volume of 200 million euros.

“Digital currencies will become central points in our daily lives, but they are not in conflict with classical currencies,” says Bitpanda co-founder Eric Demuth in a press release.

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