The Croatian Post is in the latest cryptocurrency news for its apparent partnership with Electrocoin which focuses on a pilot program for a crypto-to-fiat exchange developed in the city of Zadar.
As the news show, the pilot service will apparently enable crypto holders from Croatia to convert Bitcoin (BTC), Ether (ETH), Stellar (XLM) as well as Ripple (XRP) and EOS (EOS) to cash in one of the local offices of the Croatian Post. The announcement was officially shared on the website of the postal service on July 24 and quickly found its way on many best cryptocurrency news sites.
Right now, the exchange pilot is available at three post offices in Zadar in order to trigger some market interest about the service. The Croatian Post has a lot of plans for this service and aims to spread it to major cities and tourist centers throughout Croatian soon. The report also shows that the crypto-to-cash service has been running since July 15.
In the announcement, we can also see that the Croatian Post has a partner from the altcoin news. We are talking about Electrocoin, which is a partner that has been running its Bitcoin brokerage for five years. As the firm’s website shows, Electrocoin’s services are available throughout the European Union.
The Croatian Post is not the pioneer of postal crypto services in Europe or the rest of the world. In February this year, we saw news showing that Lichtenstein’s postal service, Liechtensteinische Post AG, also announced its plans to offer crypto exchange services through their physical locations. In July, the regional director of the Liechtenstein postal branches, Gustav Gstoehl, noted that the program was a success.
Just like Croatian Post which has big plans for the postal service, Liechtensteinische Post is also looking to further develop the service by increasing the daily exchange limit from 1,000 Swiss francs ($1,009) to 20,000 francs ($20,189) and expanding to even more locations.
In the previous news, we also reported that the Austrian Post has released a line of blockchain certified collectible stamps. Unlike the Croatian post which looks into creating an exchange, the Austrian Post tapped blockchain to produce stamps which are apparently the first collectibles of this kind in the world.
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