Lithuanian Press Kiosks and Narvesen Stores to Start Selling Bitcoin
Convenience stores in Lithuania, such as the Lithuanian and Narvesen press kiosks will now begin to sell Bitcoin according to a report compiled by Delfi, a local news outlet. The report was released on September 17th.
BTC in Lithuanian Kiosks and Stores
The report published by Delfi noted that the stores will start stocking coupons that can, in turn, be exchanged for Bitcoin tokens online. Lithuanian and Narvesen press are some of the shops that have been selected for this project. The two were chosen for their favorable attitude towards crypto use as well as their extensive network coverage.
When combined, the two factors are expected to grant the two stores access to a bigger audience. It will also ensure that the populace is in a position to purchase coupons quickly and efficiently. Vigintas Bartaševičius, the Narvesen CEO added that they currently had a total of sixty Narvesen stores.
The brand is always on the lookout for methods and techniques that it can use to expand its current offerings. The CEO went on to note that the store had recently provided its city customers with a cash withdrawal service, and was now looking start selling Bitcoin vouchers.
According to the CEO, the vouchers can be paid for by both card or cash. The sale of the BTC vouchers is a move aimed at attracting a younger and more vibrant audience to its client base.
No KYC Checks
Customers will not need to furnish any document or ID for them to convert their euros into BTC if they use the coupon to complete the transaction. All the clients will need is a Bitcoin address and an email address. According to Raimundas Asauskas, the founder of Rebiton, a company tasked with coupon processing, the transactions will not involve any regulatory concerns.
He added that while the company was eager to simplify the BTC acquisition process, it was also committed to adhering and abiding by all money-laundering laws. All its operations will be conducted in accordance with local rules and regulations, thereby ensuring that the process is not abused in any way.