Austrian Post offers the purchase of digital money services


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nnOsterreichische Post, an Austrian postal service provider, has worked with Bitpanda, a digital currency exchange in Vienna, to provide off-exchange transactions for a variety of digital currencies. Customers can redeem through the postal company and then convert the digital currency on the Bitpanda platform, and as long as there is a valid e-mail as an account, no authentication, very convenient. The move is expected to bring high profits to both companies.n
nnTranslated by: Inan
nOsterreichische Post, an Austrian postal service provider, has confirmed that it is working with Bitpanda, a digital currency exchange in Vienna, to provide offline exchange transactions for Bitcoin, currency, currency and Leigh coins.n
nBitpanda first announced the launch of the service on July 11, and Osterreichische Post later confirmed this message to CoinDesk by e-mail.n
nThe partnership will allow customers to purchase 50, 100 and 500 coupons at the 400 official offices of the postal company and 1,300 partners across the country, then convert the digital currency to Bitpanda’s online platform.n
nBit Demon’s co-CEO Eric Demuth said off-line transaction costs will remain at 3% level, the same as the exchange’s online transaction fees, hoping to promote mainstream applications.n
nAlthough the partnership with the Osterreichische Post is seen as a potential profit driver, the two sides have not given an answer to the revenue share of offline transactions. According to local news source derStandard.at said, Bitpanda expects the cooperation will increase the transaction volume to 200 million euros, the resulting transaction fee income may reach about 6 million euros.n
nIt is worth noting that this new service does not seem to require authentication. According to Demuth, “what you need is a valid email address account.”n

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