Currency One starts its international expansion

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Currency One, the owner of the Polish Walutomat currency exchange platform, enters the markets of other European countries. It starts from the Czech Republic, where Valutomat.cz web service has just been launched.

International expansion is a natural consequence of our development. The Czech Republic is the first step in this key direction for us

Currency One, the owner of the Polish Walutomat web service, enters the markets of other European countries. It starts from the Czech Republic, where Valutomat.cz web service has just been launched. This is the currency exchange platform in the peer-to-peer system. In Poland it beats records of popularity, having the turnover of 3.8 billion Euros.

Walutomat was the world's first social networking platform for currency exchange. In Poland it enables the exchange of EUR, USD, CHF, GBP and PLN in the 24/7 system, at rates up to 8 percent lower than banks and traditional currency exchanges offer. Users themselves fix the exchange rate for sale or purchase of currencies. The exchange is carried out on the basis of bank transfers.

Within five years the website attracted 132,000 customers who made four million transactions in the amount of 3.8 billion Euros (i.e. 16.5 billion zlotys). Now, Currency One wants to succeed internationally.

"International expansion is a natural consequence of our development. The Czech Republic is the first step in this key direction for us" says Lukasz Olek, the board member of Currency One.

Valutomat.cz has been launched this week. It offers fast and secure exchange of four currencies. It works with five largest banks in the Czech Republic, i.e.: Czech Savings Bank, Commercial Bank, UniCredit Bank, ČSOB and Raiffeisen BANK.

The Polish platform was established in 2009 as the world's first social networking web service for currency exchange. It was founded by Tomasz Dudziak, who co-founded one of the most successful and largest CEE web auction services, Allegro.pl (e-commerce platform).

Currency One, the Polish market leader in currency exchange through the Internet, now includes Walutomat and Internetowykantor.pl (online currency exchange). Their turnover accounts for half of the turnover of the entire Polish currency exchange market in the Internet, which in 2014 earned almost 6 billion Euros.

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Katarzyna Moszko-Stachowska
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