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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices

Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices

Australian residents can now pay for bitcoin at more than 3,500 national post offices. The new service launched by Bitcoin.com.au is aimed at promoting cryptocurrencies to mainstream audiences, alongside established businesses and organizations.

On June 24, 2020, the firm Bitcoin.com.au announced a partnership with the local Australia Post. The collaboration makes it so Australian residents can purchase bitcoin (BTC) effortlessly at 3,500 national post offices. Essentially, each branch member will accept EFTPOS payments and Australian dollars for crypto-asset purchases stemming from Bitcoin.com.au and the Post Billpay service.

Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices

Purchases will be facilitated by Bitcoin.com.au, a firm that is already working with 1,500 retail stores in the country. This collaboration is due to a partnership with Blueshyft and it also gives Australians the ability to acquire BTC.

“This is a major milestone for digital currency in Australia and around the world. It proves that there are established businesses and organisations that want to learn about new technologies by doing, and not by blocking,” Holger Arians, CEO of Bitcoin.com.au said during the announcement. Arians added:

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. We’re proud of this partnership and would like to thank Australia Post for its continued openness to new technologies.

The Australia Post believes it has been at the forefront of innovation since its creation 200 years ago. Adding BTC support to over 3,500 Australia Post stores across the country will add more accessibility to those living in the country.

“Australia Post has for a long time played an important role in the community to make services accessible to all,” Susan Nicholson, Australia Post’s Head of Business & Government Financial Services stressed. Nicholson further said:

Post Billpay has been one of Australia’s most trusted bill payment methods for over 20 years, and we’re pleased to now provide the ability for Bitcoin bills to be paid at a post office, which will come with a product enhancement that offers ID verification and real-time bill payment confirmation back to the biller.

The Australia Post and Bitcoin.com.au announcement was originally revealed to the public on May 4, 2020. The May announcement gives Australians step-by-step instructions on how to leverage the Australia Post for bitcoin purchases.

Bitcoin and cryptocurrencies have been becoming quite popular in Australia, as the Australia Post stores’ latest service follows the recent partnership between Coca-Cola Amatil and Centrapay. Thanks to this collaboration over 2,000 Coca-Cola brand vending machines in Australia and New Zealand accept bitcoin (BTC) for purchases.

What do you think about the 3,500 Australia Post stores providing bitcoin sales? Let us know what you think about this story in the comments section below.

The post Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices appeared first on Bitcoin News.



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