The UK Post allows users to buy BTC through their app
From retail stores announcing that users can pay with their BTC to El Salvador accepting Bitcoin as legal tender, there is no doubt that BTC is headed for a mainstream worldwide. Because of this, the U.S. Postal Service added a new option for its users. The Post reportedly enabled the purchase of BTC through a new partnership with Swarm Markets, a regulated and Germany-based exchange that has partnered with the UK Post. This partnership will allow users with verified IDs to access swarm sites and purchase cryptocurrencies through the Post Office EasyID application.
With just a few clicks, users can buy crypto vouchers that they can exchange for cryptocurrencies like BTC. This has worried financial market experts who have warned that cryptocurrencies are risky to invest in. Users should be specifically warned that they are buying them, so there is immediate concern about the linking of volatile assets like crypto to the mail, as Chartered Financial Planner Warren Shute said:
“When people buy cryptocurrencies, they should be sold with a very clear asset warning: that you are getting a lot less back than you bought. It’s one thing to buy crypto online through an investment platform because that’s what the audience expects, but you don’t associate that with the post. “
Swarm Markets believes the new partnership will make it easier for everyone to invest in cryptocurrencies. Swarm Markets Co-Founder Phillip Pieper said:
Swarm Markets believes this partnership will make it easier for everyone to get started using cryptocurrencies. “By making it easy and safe to buy real Bitcoin and Ethereum, more people now have the opportunity to use crypto.”
Just like in other regions, there are plenty of opportunities for people to buy BTC in the UK through exchanges like Gemini, Coinbase and Binance, which are already running these services and offering them to people with their wide range of crypto exchanges. A month ago, the payment company PayPal also announced that it was not expanding its crypto operations to include UK citizens and users who cannot buy or sell and store BTC and other cryptocurrencies. While the new Crypto Payment feature was made available to US users but not rolled out, it offered customers a new way to get into crypto, and since PayPal allows users to buy cryptocurrency for £ 1, the Things much better.
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