Australian Cryptocurrency Exchange Bitcoin.com.au has allowed Buy Bitcoin (BTC) and Ethereum (ETH) for more than 1,200 newsstands across Australia as of Thursday, March 1, 9Finance local news reports.
Bitcoin.com.au, which has been in operation for about 18 months, describes itself on its website as "one of the first independent network for bitcoin exchange in Australia. " Today, March 1, is the first time the stock exchange offers ETH purchases, having previously only hosted BTC transactions on its site.
Rupert Hackett, CEO of Bitcoin.com.au, sees introducing BTC and ETH for buying in more in familiar retail environments as a way to make people more likely to be in business. with cryptocurrencies in general:
"The fact that you can now buy Bitcoin and Ethereum from the s If you hesitated to buy Bitcoin because it all seemed too complicated to you is the perfect setup that allows you to not invest in digital currencies. "
In order to buy crypto from a participating Australian newspaper kiosk, consumers must first acquire a crypto wallet, then scan the QR code of their wallet with the kiosk mini iPad.The exchange has set up a minimum purchase of 50 AUD (about $ 39 USD) of BTC or ETH.
Hackett told 9Finance that he is waiting that customers receive their cryptocurrency in 20 minutes on average.
Bitcoin.com.au will generally charge a 5% transaction fee, but these fees have been canceled on the opening day, March 1st, in a special promotion that coincides with the date of the auction. Bitcoin.com.au expansion in Ethereum transactions.
Australia has already taken steps to introduce cryptocurrencies and their technologies into traditional financial and retail environments.
In December of last year, the Australian Securities Exchange (ASX) announced that it would start using Blockchain technologies. for the treatment of stock transactions. At the end of January, Brisbane National Airport announced that it had begun to make a terminal fully compatible with cryptography, and that all related activities in the terminal could accept Bitcoin, Ethereum and Dash.