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Currency One launches currency exchange platform in Czech Republic

Tuesday 27 January 2015 | 12:53 PM CET

Currency One exchange has launched a currency exchange platform in the peer-to-peer system, called Valutomat.cz, in the Czech Republic.

It works with five banks in the Czech Republic: Czech Savings Bank, Commercial Bank, UniCredit Bank, ČSOB and Raiffeisen BANK.

Currency One is the owner of the Polish Walutomat web service, the world's first social networking platform for currency exchange. In Poland it enables the exchange of EUR, USD, CHF, GBP and PLN. Users fix the exchange rate for sale/ purchase of currencies. The exchange is carried out on the basis of bank transfers. From 2009 onwards, the website attracted 132.000 customers who made four million transactions worth EUR 3.8 billion.

Currency One's Walutomat and Internetowykantor.pl (online currency exchange) turnover accounts for half of the turnover of the entire Polish currency exchange market in the Internet, which in 2014 earned almost  EUR 6 billion.

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