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RE: It's 2018 and the CryptoWars Have Begun
I just discovered the other day that you can deposit cash directly into Coinspot without using a bank account - through newsagencies. other exchanges will likely follow.
Thanks for the heads up! I'll have to check that out.
are you from australia?
No... is it one of those Australia only things? :/
well coinspot is an australian exchange - allows deposits in AUD to purchase a very large selection of altcoins.
until recently, they allowed the use of a service called PoliPay - that was in partnership with 8-10 of the largest banks in australia - and you could just literally log into it using your internet banking credentials, and pick an account, and the deposit would go straight over instantly. a few australian exchanges used PoliPay.
in the last week of december PoliPay got withdrawn from all crypto exchanges, so we've been left using BPay (which is a bill payment platform and takes 2-3 days to process payments), or bank account deposits.
Now coinspot takes direct cash deposits where they give you a QR code, and you go to participating newsagency, they take the cash, scan the barcode, and the money lands in the account immediately.
just another chapter in the banks fighting against crypto.. i wrote a couple of blogs about it..