Croatia: Hrvatska pošta offer crypto in exchange, with 55 branches for its national currency

On December 11, 2019, according to Poslovni Dnevnik, Croatia Post (Hrvatska pošta) announced on Wednesday that it would expand its cryptocurrency buying service to a total of 55 post offices in all districts of Croatia. Furthermore, they have also announced that they will be able to buy cryptocurrencies in the future at Croatian Post branches.

Croatian Post

Hrvatska pošta company.

Hrvatska pošta is the largest postal service provider in Croatia. It is a government-controlled joint-stock company, so their decision to provide cryptocurrency exchange services is news that cannot be ignored in the passionate community. By the end of the first test phase, the service has now been extended to 55 post offices across the country and supported, at least so far, five cryptocurrencies, namely Bitcoin, Ethereum, Stellar, XRP, and EOS.

Hrvatska pošta’s website lists all 55 service providers and also has a utility that allows users to calculate the change between different cryptocurrencies and local currencies first. All this is possible thanks to a partnership with Electrocoin, a local intermediary and payment processor, which involves managing the exchanges from a purely technical standpoint.

Hrvatska pošta currently offers cryptocurrencies in exchange

Cryptocurrencies have just received a major boost in Croatia as 55 post offices now provide a means to exchange cryptocurrencies for national currencies, Hrvatska Kuna (HRK).

This information was suggested by a Twitter user named XRP_Cro. Cryptocurrencies currently available for exchange include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and EOS.

The Post stated:

“Starting December 11, all users of Croatian and foreign services will be able to convert their cryptocurrencies to HRK in just a few simple steps.”

After applying, the QR code is scanned and cash received at the post office. Can replace the five most commonly used cryptocurrencies – Bitcoin, Ethereum, Stellar, Ripple, and EOS. Croatia Post explains, more detailed information about all services can be found on the website crypto.posta.hr.

Hrvatska pošta’s website lists it all with the crypto exchange service and provides a calculator for customers to find out how much HRK they will receive from the Post to exchange their cryptocurrencies. Crypto exchanges are made in collaboration with Electrocoin, a Croatian cryptocurrency brokerage and payment service provider.

“One of our development strategies is digitalization and the driving force of many business ventures,” The Post announced.

“In the future, we also plan to introduce the option of buying cryptocurrencies at Croatian Post post offices, thus making them the central point for cryptocurrency transactions across Croatia”.

According to its website, Hrvatska currently has 1,016 post offices, 2,135 counters and more than 10,000 employees. Crypto exchange service launched at 55 post offices after “successful implementation and positive results of the pilot project of cryptocurrency exchange at post offices in Zadar”.

Five similar cryptocurrencies were provided in the pilot project, implemented at three post offices in Zadar, a city on the Croatian Dal Dalian coast.

The Post details, adding:

“The pilot project has shown that there is an interest in this type of service, which is why Hrvatska pošta will introduce cryptocurrency exchange services at post offices across the country.”

Post offices in a few other countries offer similar services as in Liechtenstein and Austria. In February, the Liechtensteinische Post began selling BTC. Since then, ETH, LTC, and XRP have been added and the service is now available at post offices in Vaduz and Schaan.

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