Croatian Post Offices Flag Off Pilot Project To Convert XRP, Bitcoin and Three Other Cryptocurrencies To Fiat

Croatia is one country that identifies herself as a crypto-friendly nation. The country has taken another huge step to showcase its support of the blockchain technology as well as digital currencies.

In a press release, the country’s post office announced that its huge network of 1016 post offices would be part of a pilot project to convert fiat into top cryptocurrencies. The tokens that would benefit from this program include XRP, Bitcoin, EOS, Stellar and Ethereum.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.442
2.40%

Zadar Post Office Pilot is Collaborating With Electrocoin

According to the press release:

The goal of the Croatian Post is to offer the possibility of replacing crypto valued in all major settlements and tourist centers in Croatia.”

This post office pilot is supported by Electrocoin, a Croatian firm that has run the affairs of Bitcoin-mjenjacnica crypto exchange since 2014.

The pilot program was set to start on July 15. Both foreign tourists and domestic users of crypto are allowed to change their tokens into fiat. The process was also simplified to encourage more people to use the services.

All the users need to do to use this service is to fill an application form, and scan a QR code to receive cash at the post office. At the moment, only users who have Bitcoin, Ethereum, Stellar, XRP and EOS can participate. Perhaps more options would be added in the future.

This isn’t the first time a post office is offering support for crypto holders.

Similar Projects Have Sprung up In Recent Times

About a year ago, the Austrian post also launched a program that allows users to buy cryptocurrency. The post office partnered with BitPanda and offered users Bitcoin, Ethereum, IOTA, Litecoin, XRP, Dash, Bitcoin Cash, and Komodo. However, this program only covered 400 post office branches in the country.

Also, Eligma launched the Elipay system in May this year. The program was launched in Croatia as well and allows shoppers to pay for their services and goods in cryptocurrency. The accepted coins include Bitcoin, Ethereum, Bitcoin Cash, and some other cryptocurrencies. CEO of Bitcoin.com, Roger Ver was the first person to initiate a transaction using this service in Croatia. He used it to pay for hotel services in Navis Design hotel.

Such Small Steps Lead to Mass Adoption of Cryptocurrencies

The digital revolution has started already and countries like Croatia are at the forefront. Despite the problems plaguing the Crypto industry, analysts believe it can achieve mass adoption. As use cases for coins like XRP and Bitcoin grow, the industry moves closer to adoption. High volatility and security issues have slowed down the process, but more and more institutional leaders are showing interest in cryptocurrency.

Ripple is one of such companies that aim to achieve mass adoption of its native token, XRP. It’s countless partnerships help push the coin. Sadly, the effects have yet to be seen as volatility kicks in.

XRP is trading at $0.310201 at press time. The market cap of the token is $13.29 Billion with a 24 hour volume of $823.41 Million. XRP price has grown by 0.23% in the last hour. The crypto market started the day in the red zone since Bitcoin fell below $10k. The coins appear to be recovering from the recent losses.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.