The U.K. Post Office announced that crypto purchasing options now active. Meanwhile, This will be possible through its EasyID identity verification app.
However, The EasyID app introduced in August 23, currently has 10 million users.
Also, The EasyID app developed in partnership with Yoti, a global digital identity platform.
This Purchasing option will give EasyID users access to Swarm Markets, a unified crypto exchange. For instance, This will be possible directly from their mobile phones.
Also, Swarm Markets is the world’s first licensed and financial market-compliant DeFi protocol.
“Access to products and services are increasingly moving online and we’ve responded to this shift by launching our free-to-use app, Post Office EasyID, allowing people to build their own secure digital identity on their smartphone and enabling them to easily control and prove who they are to whichever business they want to interact with.”
By Post Office spokesperson.
These vouchers are redeemable for cryptocurrencies and tokens.
The report notes that the Post Office will not receive any tip on vouchers sold.
“By making it easy and safe to buy real Bitcoin and Ethereum, more people now have the option to get started in crypto.”
By Philipp Pieper, co-founder at Swarm Markets.
Moreover, Swarm Markets platform functions with the usual features of a decentralized finance protocol.
Th, This involves trading, an automated market maker (AMM), storage, lending, and yield farming built onto its operational stack.
“When people buy cryptocurrencies, they should be sold with a very clear wealth warning: that you could get back a lot less than you purchased. It’s one thing buying crypto online via an investment platform as that’s what the audience expects, but you don’t associate this with the Post Office.”
By Warren Shute, a chartered financial planner.
The Post Office’s partnership with a crypto exchange surprised many due to the market’s recent volatility. This shows how much every institution wants to be part of the growing financial system.