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NewsBTC 2021-09-10 23:00:29

U.K. Post Office Now Allows Users Purchase Bitcoin Through Its App

Bitcoin adoption is indeed ramping up in recent months. From retail outlets announcing users can checkout using their bitcoins to El Salvador officially accepting bitcoin as a legal tender, there is no doubt that bitcoin is headed for mainstream adoption. Coming hot on the heels of recent news of adoption is a peculiar situation with the U.K. Post Office. A report from The Telegraph said that the Post Office was allowing the purchase of bitcoin through a new partnership. Swarm Markets, a German-based and regulated crypto exchange, entered into this partnership with the U.K. Post Office. It will allow users that have verified their identities through the Post Office EasyID app to directly access and purchase cryptocurrencies from Swarm’s websites. Related Reading | As Crypto Market Goes Into “Extreme Greed,” Is Bitcoin Set For New All-Time High? Users will be able to purchase cryptocurrency vouchers with just a few clicks, which they can then go on to redeem for cryptos like Bitcoin. This has worried financial markets experts, who have warned that cryptocurrencies are very risky to invest in. Thus, users should be presented with a clear and concise warning when they are purchasing them. Concerns were also raised about associating assets as volatile as cryptocurrencies with the Post Office. “When people buy cryptocurrencies, they should be sold with a very clear wealth warning: that you could get back a lot less than you pu...

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