3000 Bitcoin ATMs in Australia

in #bitcoin • 9 years ago

Ok for those who has been hiding under a rock, like me, this is great news! The first ever ATM for bitcoin in Australia went live in Sydney 3 years ago. Allowing passers by to transact with bitcoin.

At present, there are only 15 bitcoin ATMs all over Australia. By the end of December this year, there will be 3000 ATM. These ATMs will let you cash out, sell or invest in Bitcoin. I don't know why you would trade via ATM, while you can do it in the comfort of your own home but hey it gives you options other than just withdrawing cash.

It's a great way to convert your BTC to cash instantly in your hands. Just wondering how much are the fees going to be.

Three thousand Bitcoin ATMs to launch across Australia

The future of Bitcoin and cryptocurrency in general is bright in the land down under.

#teamaustralia #technology #blockchain #busy
9 years ago in #bitcoin by
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     9 years ago 

    That is huge if they get them all in place!

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       9 years ago 

      They are big companies and it will surely profit. Enough incentives for them, it will go through.

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         9 years ago 

        I wonder what the fee's are like...

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           9 years ago 

          Lets hope for low transaction fees. Might go chase one in Sydney in the weekend.

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             9 years ago 

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               9 years ago 
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                 9 years ago 

                It would certainly make it simple for a person to invest a few dollars each week.

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                   9 years ago 

                  I think that is the magic word, "simple". People don't really care what goes on in the background of cryptocurrency. This is the truth. Bitcoin is a great store of value but not for day to day uses. Imagine the fees you rack up if you used it like a credit card. Bitcoin will be used to buy other cryptos that will do just that.

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