Digital Assets: Australian Digital Exchange Ties Up with Australia Post For Bitcoin

July 1, 2020 | Digital Assets, News
https://dailyalts.com/wp-content/uploads/2020/06/1024px-Inglewood_Post_Office_Western_Australia.jpg

Australians can drop into a Post Office and pay for bitcoin.

The global digital assets community is buzzing over news that Australian digital exchange bitcoin.com.au has made it easy for Australians to purchase bitcoin. They can now place an order on the exchange but then walk across to an Australia Post office and pay for the ordered bitcoins.

Bitcoin.com.au CEO Holger Arians believes that the arrangement will enhance the legitimacy and adoption of bitcoin in Australia.

“For many people, paying for Bitcoin at an Australia Post office feels safer than transferring funds online — particularly for first-time buyers,” he said to Coin Telegraph. “We’re proud of this partnership and would like to thank Australia Post for their continued openness to new technologies.”

How it works

Bitcoin.com.au customers interested in buying bitcoin (or even Ethereum) can pay for their cryptocurrencies at any of the 4500 Australia Post offices in the country.

Customers need to log into the exchange, create and order, and then select “pay at Post Office” as the payment option.

They can head across to the neighboring Australia Post office, and using their Post BillPay service, pay from $ 50 – $ 50,000 with EFTPOS or cash.

The Post Office may want a government-issued ID for identity verification.

Once paid, the cryptocurrency would be transferred to the customer’s wallet. The customer will get a receipt from Australia Post and a tax invoice by email after the order has been processed.

Bitcoin (BTC) adoption

According to Coin Telegraph, the signs are good for the growing adoption of the digital currency by customers and investors. Over 8,000 bitcoin ATMs are now functional across the globe.

Investors can now buy bitcoin by paying cash at over 20,000 retail locations across the USA such as CVS, Rite Aid, and 7-Eleven.

In Venezuela, Panamanian crypto exchange Cryptobuyer has tied up with Venezuelan local payments processor Mega Soft to enable the use of BTC by shoppers at Venezuela’s biggest retail chains.

Meanwhile, there have been rumors that PayPal (NASDAQ: PYPL) and its digital wallet subsidiary Venmo are likely to offer cryptocurrencies for buying and selling.

Last month, Canadian e-commerce giant Shopify (NYSE: SHOP) added another crypto payment processor to its retinue of digital platforms facilitating crypto payments. It entered a strategic partnership with CoinPayments, the world’s largest cryptocurrency payments processor. Before this, Shopify already had the Coinbase Commerce, BitPay, and GoCoin crypto processors on board.

Related Story:  Crypto Adoption Growing Apace – CoinPayments Ties Up with Shopify

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/03/Buy-1.jpg
Digital Assets: Ledger, Maker Of Crypto Security Hardware, Raises Nearly All Of $100M Series C Round
March 31, 2023     Digital Assets, News, Venture Capital

Paris-based startup Ledger, which makes hardware wallets for cryptocurrency investors, has raised €100m ($109m) in funding, valuing the company at €1.3bn. The round was led by investors including Digital Finance…

https://dailyalts.com/wp-content/uploads/2023/03/Three-phones-dropping-v3-2021-prosumer.jpg
FinTech: Cogo And Eliq Partner To Help Banking Customers Enhance The Energy Efficiency Of Their Homes
March 31, 2023     ESG and Sustainability, FinTech, News

Cogo, a fintech which collaborates with banks to assist customers in decreasing their carbon footprint as a carbon footprint management firm, is partnering with Eliq, a company that specializes in…

https://dailyalts.com/wp-content/uploads/2023/03/steven-hwg-zBsdRTHIIm4-unsplash.jpg
Venture Capital: The LSP Dementia Fund Closes €260M (US$283M) To Address Dementia, One Of The Most Significant Health Crises Of Our Era
March 31, 2023     Latest News, News, Venture Capital

The LSP Dementia Fund has reached a final close at €260 million (US$ 283 million), surpassing its initial target of €100 million. The fund, which is managed by EQT Life…

https://dailyalts.com/wp-content/uploads/2023/03/faq26.jpg
Artificial Intelligence: The DAGGER AI Model Gives Advance Warning Of Dangerous Solar Storms
March 31, 2023     Artificial Intelligence, News

Researchers have developed an AI-based model that combines satellite data and machine learning to predict where an impending solar storm will strike on Earth, offering 30 minutes of advance warning….