Bitcoin (BTC), Ripple (XRP), IOTA (MIOTA) Available On Post Offices In Austria

A new initiative carried out by Bitpanda, the European leading cryptocurrency exchange platform, based out of Vienna, made it possible for cryptocurrency enthusiasts to buy Bitcoin (BTC), Ethereum (ET), Ripple (XRP), IOTA (MIOTA), Bitcoin Cash (BCH), Litecoin (LTC), and Komodo (KMD) from more than 400 post offices and 1,300 post partners in Austria, in Vienna and Linz.

However, this initiative, dubbed as Bitpanda To Go, permits crypto enthusiasts to buy a sort of prepaid cryptocurrency in fixed amounts of 50 EUR, 100 EUR, or 500 EUR. Clients can look up for the nearest post office or post partner that participates in this project, and then they can buy cryptos with only an email address and cash.

On the one hand, the Austrian Post is looking to expand its services to maintain earnings, while, on the other hand, the Bitpand To Go initiative wants to increase cryptocurrency adoption in Austria.

The initiative to buy Bitcoin (BTC), Ripple (XRP), IOTA (MIOTA), and others from the Austrian Post offices will increase the profits

The regular mail services are still in decline, worldwide, due to the increasing of e-marketing techniques. On the other hand, parcels delivery are increased all over the world, thanks to e-commerce, but the competition is fierce between national post institutions and private delivery companies.

That’s why many public post institutions around the world had to come up with additional products and services to survive in this market which tends more and more to move to the digital world.

The Austrian Post institution, however, predicted a 5% decline in regular mail services for 2018 but expects to gain a lot from parcels delivery because of the boom in the e-commerce market.

On the other hand, the Bitpanda To Go initiative, through which Austrians can buy Bitcoin (BTC), Ethereum (ET), Ripple (XRP), IOTA (MIOTA), Bitcoin Cash (BCH), Litecoin (LTC), and Komodo (KMD) from more than 400 post offices and 1,300 post partners in Austria, in Vienna and Linz, is meant to increase the institution’s profits even more.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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