In a joint venture between Australia’s crypto exchange, Bitcoin.com.au, and Australia Post, customers can now buy Bitcoin and altcoins from over 3,500 outlets scattered across the country.
Much like paying for delivery services, customers can choose to either pay cash or use any major credit card or debit card to purchase crypto from any of the outlets. However, all crypto payments will be processed by Bitcoin.com.au.
Holger Arians, CEO of Bitcoin.com.au, praised the Australian government for being open to adopting new technology as opposed to finding ways to block them. The unlikely venture came as a surprise to many, as Australia Post has been around since 1809. It is generally believed that old institutions are slow to adopt changes, especially technological changes.
However, Australia’s crypto adoption rate has been on a steady rise recently. According to a report by the Australian Taxation Office (ATO), “it is estimated that there are between 500,000 to one million Australians that have invested in crypto-assets.”
Bitcoin.com.au simply leveraged the institution’s wide network to increase crypto-asset adoption and provide easy accessibility. Speaking to CoinDesk, Arian said:
“Our mission is to make bitcoin safe and easy for every Australian. For many people, paying for bitcoin at an Australia Post office feels safer than transferring funds online – particularly for first-time buyers.”
Image Credits: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
