bitcoins without requiring customer verification

Lithuanian stores will start selling bitcoins without requiring customer verification

Lithuanian convenience stores Narvesen and Lithuanian Press kiosks will start selling bitcoins, Cointalegraph reports citing local media.

Lithuanian stores will start selling bitcoins without requiring customer verification

According to the publication, outlets will distribute coupons, which can then be exchanged for bitcoins. Narvesen and Lithuanian Press were selected due to their wide network of dealerships and their favorable attitude towards cryptocurrencies.

Lithuanian stores will start selling bitcoins without requiring customer verification

“IN present time we have about 60 stores in which we are constantly striving to expand the range of products and services, – said CEO Narvesen Vigintas Bartaševičius. “We recently offered a cash-out service for customers in our busy city, and now we are starting to sell bitcoin vouchers. By selling bitcoin coupons, we are targeting a younger audience “.

Converting euros to bitcoins does not require any documents. It will be enough to provide an email address and a Bitcoin wallet. Founder of the Rebiton service, which will be used for converting coupons, Raimundas Asauskas believes that there are problems with regulators his company should not arise.

“Although we have greatly simplified the process of acquiring bitcoin, we strictly adhere to the requirements for countering money laundering, fraud and comply with other legal aspects in our operations, he says. – We guarantee no violations. We assess and validate the email address and IP with help partner solutions, providing services similar to those offered by brands such as Disney, IBM, American Airlines and Santander “.

It is noteworthy that in June, the same Lithuanian publication reported that local authorities are preparing to approve new rules for the implementation of cryptocurrency transactions, which will require businesses to confirm the identity of customers with a transaction amount of more than € 1,000. In this case, however, it is planned to limit the amount of one coupon to € 999.

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