Altcoin News: Chain Stores and Newsstands in Lithuania Now Offer Bitcoins

September 18, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Lithuanian chain of convenience stores Narvesen and the network of newsstands Lithuanian Press have announced the start of retail sales of Bitcoins, and buyers do not need to show identification.

The local publication Delfi reports that stores and kiosks offer customers to purchase special coupons, which can then be exchanged for Bitcoins on a special site. At the same time, due to the popularity of stores and kiosks, cryptocurrencies can attract a new audience.

“We currently have a network of nearly 60 Narvesen stores, where we are constantly looking to expand our selection of products and services. We recently offered a cash withdrawal service to our busy city customers, and now we are starting to sell Bitcoin vouchers, both cash and card. Bitcoin coupon sales are geared to meet the needs of a younger audience,” said Narvesen CEO Vigintas Bartaševičius.

To convert the coupon to Bitcoins, you will only need an email address and a cryptocurrency wallet address. According to Raimundas Asauskas, CEO of Rebiton, which handles coupons, the lack of user verification is not a problem from the point of view of regulators.

“While we have greatly simplified the process of acquiring Bitcoin, we strictly comply with money laundering, fraud prevention and other legal requirements regarding our operations. We also make sure there are no abuses. We perform evaluation and validation of email and IP addresses using solutions from partners providing similar services to brands such as Disney, IBM, American Airlines or Santander.”

Interestingly, this summer it was reported that the Lithuanian government plans to significantly tighten supervision of cryptocurrency companies.

Author: Marko Vidrih