One of the leading exchange in Europe, Bitpanda recently announced that IOTA and Komoda are now available in 400 post offices across Austria. Bitcoin, Bitcoin Cash, Ripple, Litecoin, Ethereum, and Dash are the other options available along with the use of “EUR, CHF, GBP or USD to pay or cash out” option.
Buy KMD and MIOTA with fiats or cash out
Bitpanda is the leading retail exchange of Europe for buying and selling cryptocurrency in a fast and secure manner. Previously known as Coinmal, it hosts both exchanges and wallets. According to the latest developments, IOTA (MIOTA) and Komoda (KMD) can now be purchased with cash in about 400 postal offices across Austria.
At the beginning of June, Bitpanda announced the posting of IOTA and Komoda. On June 12, the exchange officially added KMD and on June 14, MIOTA was listed on the exchange. Now, Bitpanda took to Twitter to make the announcement of IOTA being available for purchase with cash widely in Austria.
You can now also buy @iotatoken with cash at over 400 Austrian Post Office branches via Bitpanda To Go! All you need is an email address and your coins will land directly in your integrated wallet #bitpanda #bitpandatogo pic.twitter.com/JHnIGDZvDn
— Bitpanda (@bitpanda) June 25, 2018
A Twitter user, Henrik Wallin commented,
“Any plans to expand this services to other EU countries? In Sweden, @PostNordSverige has 1600 franchised “post offices” so 4 times as common as in Austria.”
While another user, Dominik Schiener shared his sentiments with:
“Next time I’m in Vienna I will definitely buy some #IOTA’s at the Post. Great job Bitpanda Team.”
At the time of writing, IOTA has been up by 1.16 percent at $0.996 while sitting at the 9th spot. With a market cap of $2.7 billion, it has been managing the daily trading of about $56 million.As for the Komoda, Bitpanda team announced: “Bitpanda To Go means you can now buy @KomodoPlatform with cash at over 400 Austrian Post Office branches! All you need is an email address and your coins will land directly in your integrated wallet #bitpanda #bitpandatogo”
At 60th spot, according to coinmarketcap, Komoda is currently at $1.59 with a loss of about 0.73 percent in the past 24 hours.
Crypto adoption to get a boost
Apart from the latest additions, Bitpanda also offers Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Dash (DASH).
One of the strong features of the exchange is the availability of a variety of fiat options. Bitpanda supports Euro (EUR), Swiss Franc (GBP), British Pound (GBP), and US Dollar (USD). It also offers the option to cash out your choices as stated on its website.
Another important feature of this exchange is its wide availability as put by the official website: “Available in over 400 Post branches and about 1300 Post partners throughout Austria. Conveniently redeemable online within seconds into Bitcoin, Ethereum, Litecoin, IOTA, Ripple, Dash, Komodo and Bitcoin Cash.”
Bitpanda to go offers nationwide availability in Austria without requiring a verification while using one code to support all cryptocurrencies. This will certainly give a boost to the crypto adoption as ease of access, cash and fiat options and a huge market base works in its favour.
What are your views on Bitpanda offering such a huge market to these eight cryptocurrencies? Share your thoughts with us!
Passionate about Blockchain and has been researching and writing about the Blockchain technology for over a year now. Also holds expertise in digital marketing. follow me on twitter at @sagar2803 or reach out to him at sagar[at]coingape.com