Australia is slowly adopting cryptocurrency
Australia is certainly going all in on the cryptocurrency bandwagon. Although the banks don't like it, businesses are adopting the blockchain. The big four banks in Australia are trying to stop it by warning customers of investing in cryptos, even freezing accounts.
More and more, I am seeing and hearing news of Bitcoin being accepted in Australia and banks are starting to get scared.
First it was the installation of thousands of Bitcoin ATM all across Australia. The adoption of Bitcoin apparently has reached the stage where a mass roll out of ATM around the country is viable.
Then there was the Brisbane airport now accepting cryptocurrencies, most notably our very own Steem. The company Travelbybit is responsible for pushing this adoption to the travel company. They have setup merchants so they are able to accept cryptos for processing payments.
Now we have 1200 newagencies accomodating purchase of cryptocurrencies, namely Bitcoin and Ethereum with cash. Due to the recent announcement of the banks' hatred of cryptocurrencies in Australia, an Australian exchange bitcoin.com.au have provided a service for everyone to buy cryptos from news agencies with a digital wallet. All you need is a phone, cash and an email address. There is a purchase minimum of $50.
I think banks should be scared. Blockchains are here to destroy them and save the world of their tyranny.
One of the advantage of crypto currencies is that it will be less hassle and we can save time as well as money.
peer to peer no middle men...
Very interesting! I think banks EVERYWHERE are becoming scared. I would be curious to hear more about what the government and various businesses in Australia think of crypto. I bet the general public is for it! Always love pieces from a fellow crypto writer.
yeah, the goal is to get rid of banks. let us be our own bank.
Big Banks want to destroy Bitcoin before it destroys them.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
WE JUST LOVE IT😍😍
hear hear!
good post
In my option, after the Brisbane airport, it makes a lot of sense for an airport to start accepting coins and tokens. It is an inevitable situation...
the world would soon follow suit.
Great stuff mate. Very exciting times to be alive!
yeah! trying to stay that way, alive.. ahahh
Crypto-Enthusiasts in Australia Can Now Purchase BTC, ETH Across 1,200 Newsstands:
http://bit.ly/2F95n9l