UK’s Post Office Allows Bitcoin Purchase Through Its App

The post office of the U.K now allows their verified users to buy Bitcoin through their apps. 

In the present time the crypto industry is in high level discussion. Bitcoin is getting more attention by almost all kinds of services, whether they are government or not. Or non-govt, like El Salvador. The Post Office of the UK became the latest one to give Bitcoin buy facility through their app directly. 

The U.K post office established a partnership with Swarm Markets. Swarm Markets is a regulated digital asset exchange of Germany. Under the partnership, the U.K post office will give customers Bitcoin buyers and Swarm will allow crypto purchases through their website. And all will be done through the official app of the U.K post office. 

Here it should be noticed, that only those people will be able to purchase Bitcoin, which are verified users of the U.K post office. And also users will only get vouchers to buy crypto assets, not directly crypto assets. 

This news of the Bitcoin purchase feature for the U.K post office, ends up tension for the many economic experts. And they claimed that it is a risky step. And also suggested to people that they keep in their mind what they are buying with their money. 

Warren Shute, Chartered Financial Planner, shared his poin of view on the partnership of Post office with Swarm Markets and said 

“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”

On the other hand, Swarm Markets stated that the new partnership will give better and easier options for the people to buy Bitcoin.

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