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NEWS ZAP

UK Post Office to offer customers option to buy Bitcoin


The UK Post Office is now offering clients the option to buy Bitcoin (BTC) and other cryptocurrencies after collaborating with Swarm Markets, a decentralized cryptocurrency exchange.

Apparently, with this new effort, the UK Post Office is not anticipated to collect commissions from the voucher sales, according to a recent report by The Telegraph. It would, however, get a payment for the ID verification software that is in place for these BTC sales.

Customers using The Post Office’s EasyID app will be able to purchase cryptocurrencies such as Bitcoin starting next week with the smartphone app used to make purchases on Swarm Markets. Additionally, the app is said to help users safely authenticate their age and identity to access online services.