The Croatian Post Launches Crypto Exchange Service at 55 Branches
Croatian Post, the largest postal service provider in the Republic of Croatia, now offers cryptocurrency exchange services at 55 post offices throughout the country. At present, five cryptocurrencies are supported. This follows the successful implementation and positive results of the pilot program in several branches. The post is interested in this service and plans to offer additional crypto services in the future.
55 Croatian Post Branches Can Exchange Crypto
Croatian Post announced on Wednesday that its customers can now exchange five cryptocurrencies for Croatian kuna at 55 post offices throughout the country. Croatian Post is the largest postal service provider in Croatia. In addition to offering postal, financial, retail and insurance services, the Post states:
Starting December 11, all Croatian and foreign service users will be able to convert their cryptocurrency to HRK in just a few simple steps.
The announcement explained that after the customer submitted a crypto exchange request, "the QR code will be scanned and you will receive cash at the post office." Currently, five cryptocurrencies are supported: bitcoin, Ether, Stellar, XRP, and EOS.
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| Crypto exchange calculator on the Croatian website. |
The Croatian Post website lists all 55 post offices with crypto exchange services and provides a calculator for customers to find out how much HRK they will receive from the Post for exchanging their cryptocurrency. Cryptocurrency exchanges are carried out in collaboration with Electrocoin, Croatian crypto brokers, and payment processing providers.
Taking note of that "Digitization is one of our advanced systems and a driver of various business extends," the Post additionally declared:
Later on, we additionally plan to acquaint the choice with purchase digital forms of money at Croatian's post workplaces, along these lines making them the essential issues for cryptographic money exchanges crosswise over Croatia.
Later on, we likewise plan to acquaint an alternative with purchase the digital currency at the Croatian mail station, making it the primary concern for cryptographic money exchanges all through Croatia.
Successful Pilot Projects and Other Countries
Croatian Post currently has 1,015 post offices, 2,135 counters, and more than 10,000 employees, according to its website. The launch of the crypto exchange service at 55 post offices follows "successful implementation and positive results of the pilot project for cryptocurrencies exchange at the post office in Zadar," the Post explained, adding:
The pilot project has shown that there is interest in this type of service, which is why Croatia Pos will introduce cryptocurrency exchange services at post offices throughout the country.
Five of the same cryptocurrency was offered in the pilot project, which was carried out at three post offices in Zadar, a town on the Dalmatian coast of Croatia. "In recent years, there has been an increase in the number of cryptocurrencies users, who very often plan to travel to places where they can convert their digital money into national currency," the Post explained on Wednesday. "Because of the possibilities offered by this service, many guests who visit Croatia will find our cities more attractive."
Post offices in several other countries have offered similar services such as in Liechtenstein and Austria. In February, the Liechtensteinische Post began selling BTC. Since then, ETH, LTC, and XRP have been added and services are currently available at post offices in Vaduz and Schaan. In Austria, more than 400 Austrian post offices and about 1,350 postal partner stores across the country sell online Bitpanda crypto vouchers, details the Bitpanda website.
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Resource: Bitcoin.com