The fintech service Cashinout has launched a euro cash withdrawal service through the Ria Money Transfer network. This option, available in 14 European countries, targets tourists, expatriates, and crypto investors, according to a press release.
Users can convert Bitcoin, Ethereum, and other digital assets into euros for subsequent cash withdrawal. The service is available in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Cyprus, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, Spain, and Sweden.
To receive cash, users need to:
- In the app, on the website, or via the Telegram bot, select the “Send” option, then “Euro” and CASH 3%. Specify an amount between €50 and €5000.
- Find the nearest location on the Ria Money Transfer website.
- Present identification and receive cash.
The fixed fee for the transaction is 3%. The company emphasized that all transactions are protected by EU licenses.
“Our goal is to make financial management while traveling as convenient as possible. A tourist in Rome can convert cryptocurrency into €1000 and receive it at the nearest Ria location in 15 minutes,” commented Cashinout.
The company added that they plan to expand the service’s geographical reach in the future.
Previously, Cashinout introduced a feature for paying for goods and services in Russia using digital assets through the Fast Payment System via QR code.