Bitcoin and three other popular digital currencies – Dash, Ether and Litecoin – can be purchased at more than 1,800 post office locations across Austria, following the formation of a partnership between the country’s Österreichische Post and bitcoin broker Bitpanda.
The partnership enables customers to buy Bitpanda’s paper vouchers in denominations of €50, €100 or €500 at post office counters in Austria. After purchasing, they will receive a code per voucher to redeem for their choice of the four cryptocurrencies on Bitpanda’s website. The service, entitled ‘Bitpanda to go’, is offered exclusively through Post branches.
The Vienna-based broker was founded in October 2014 as Coinimal and rebranded as Bitpanda in June 2016. The company claims to have over 300,000 users currently, with almost €200m in transaction volume and believes that both totals will be increased by the partnership with Austria Post. Its co-founder, Eric Demuth, commented: “Digital currencies will become central points in our daily lives, but they are not in conflict with classical currencies.”