íàçâàíèå

Australians Can Now Purchase BTC, ETH Across 1,200 Newsstands In Win For Adoption

Australians Can Now Purchase BTC, ETH Across 1,200 Newsstands In Win For Adoption
Australian crypto exchange Bitcoin.com.au has facilitated BTC, ETH purchasing across more than 1,200 newsstands in the country.

Australian cryptocurrency exchange Bitcoin.com.au has made buying Bitcoin (BTC) and Ethereum (ETH) for fiat possible in more than 1,200 newsstands across Australia starting Thursday, March 1, local news outlet 9Finance reports.

Bitcoin.com.au, which has been in operation for around 18 months, describes itself on its website as “one of the first independent Bitcoin exchange networks in Australia.” Today, March 1, is the first time the exchange has offered purchases of ETH, having previously only hosted BTC transactions on its site.

Rupert Hackett, CEO of Bitcoin.com.au, sees introducing BTC and ETH for purchase in more in familiar retail environments as a way to make people more comfortable with cryptocurrencies in general:

“The fact that you can now buy Bitcoin and Ethereum from the same place you purchase soft drinks and stationery really speaks to how institutionalised cryptocurrency has become [...] For anyone who has hesitated about buying Bitcoin because it all seemed too complicated, this is the perfect setup that takes the fear factor out of investing in digital currencies."

In order to buy crypto from a participating Australian newsstand, consumers need to first acquire a crypto wallet, and then scan their wallet’s QR code with the newsstand’s iPad mini. The exchange has set up a minimum buy of 50 AUD (about $39 USD) worth of BTC or ETH.

Hackett told 9Finance that he expects customers to receive their cryptocurrency within an average of 20 minutes.

Bitcoin.com.au will generally charge a transaction fee of 5 percent, but that fee has been waived for the opening day, March 1, in a promotional special that coincides with Bitcoin.com.au’s expansion into Ethereum transactions.

Australia has previously made steps to bring cryptocurrencies and their technologies into both traditional financial and retail environments.

In December of last year, the Australian Securities Exchange (ASX) announced that it would start using Blockchain technologies for processing equity transactions. At the end of this January, Brisbane National Airport said that it has begun the process of making an entire airport terminal crypto-friendly, with all related business in the terminal able to accept Bitcoin, Ethereum, and Dash.

05.03.2018 / 08:55 39
PR: Rate3 Wants to Empower a Truly Global Payment and E-Commerce Network by Making It Fair, Transparent and Cheap PR: Rate3 Wants to Empower a Truly
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com
Germany Wont Tax Cryptocurrencies Used To Make Purchases Germany Wont Tax Cryptocurrencies Used
The German Federal Ministry of Finances has decided not to tax cryptocurrencies when used as a means of payment. The German Federal Ministry of
Australian Tax Office To Crack Down On Crypto Tax Evaders Australian Tax Office To Crack Down On
The Australian Tax Office is going to take strong action this year to find those who evaded taxes on their cryptocurrency transactions. The
Japan: Registered Crypto Exchanges Join Forces To Self-Regulate Local Market Japan: Registered Crypto Exchanges Join
Two trade groups representing Japans 16 registered crypto exchanges will form a self-regulatory body for the countrys crypto sphere starting in
Chinese Retail Giant To Use Blockchain To Track Beef, Prove Food Safety Chinese Retail Giant To Use Blockchain
Chinese retail giant JD.com to implement Blockchain-based food monitoring system for its beef supply. The Chinese e-commerce giant JD.com is
Japan: 132 Crypto Investors Sue Hacked Exchange Coincheck, Seek Reimbursement Japan: 132 Crypto Investors Sue Hacked
132 crypto investors are suing Japanese exchange Coincheck, seek damages following $534 mln hack. 132 crypto investors have filed a lawsuit against
Comments (0)
Add a comment
Comment on