Nova Poshta comments on rumours of plans to offer cryptocurrency transfers

The Ukrainian company Nova Poshta plans to diversify its activities and begin offering a range of financial services, but there is no talk yet of cryptocurrency transfers. This was stated by company representatives to ForkLog.

They said they have registered the NovaSpace trademark to bolster the financial side of the business.

“We plan to expand the activities of the NovaPay financial division, increasing the number of financial products and services that are not related to logistics,” they said.

Earlier, local media outlets распространил information that Nova Poshta planned to provide cryptocurrency transfer services. In their speculation, the publications cited the КВЭДы, указанные при регистрации торговой марки в Укрпатенте.

They include:

• development of computer software, as well as applications and platforms;
• provision of brokerage services;
• issuance of credit cards;
• transfers of virtual currency and payment processing;
• IT consulting and computer systems design.

Nevertheless, Nova Poshta representatives told ForkLog that they are not yet publicizing the product types and specific services, as they are still under development.

The company added that it has received inquiries about new services from both individuals and corporate clients.

“The second factor was the adoption this year of the new Law on Payment Services, which significantly expanded opportunities for financial non-bank institutions,” they said.

The Law on Payment Services, signed on July 30, delineates the concepts of central bank digital currencies and electronic money, and also allows the National Bank to issue its own digital currency.

In August, Nova Poshta lost part of its customers’ parcels as a result of a fire. As compensation for the burned ASIC miner worth $4,000, the company proposed to pay the client $7, according to the amount stated on the invoice.

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