Customers using The Post Office’s EasyID App will be able to buy cryptocurrency such as Bitcoin starting next week.
While the mobile app helps users securely verify their identity and age in order to gain online services, it can also be used to make payments on Swarm Markets (a decentralised cryptocurrency exchange).
Customers will be able to purchase crypto vouchers with just a few clicks from their smartphones, which can be used to buy Bitcoin and Ethereum.
Philipp Pieper is co-founder of Swarm Markets.”People have been locked out DeFi for years because there hasn’t been a trusted, secure and regulated platform to access it.
He said that by making it simple and secure to buy Ethereum and Bitcoin real Bitcoin, more people have the opportunity to get into crypto and reap the benefits of DeFi. This is not only for those who are fluent in crypto jargon.
The Post Office spokesperson stated that “access to products, services, and information are increasingly moving online.” They also launched Post Office EasyID, which allows people to create their own digital identities on their smartphones and allows them to prove their identity to any business they choose.
This news comes just days after cryptocurrencies made a huge step towards mass adoption when El Salvador legalized Bitcoin on Tuesday.
This was due to Bitcoin’s volatile price movements. The currency lost 50% between April and May.
Swarm Markets claims it is the first global regulated Decentralized Finance (DEFI), protocol, and has been licensed by BaFin, Germany’s financial watchdog
