People living in the “land down under” can now deposit money for a local cryptocurrency exchange at Australian Post Offices. This is the result of a partnership between the post office and the exchange.
According to an announcement on June 24, 2020, customers of Bitcoin.com.au cryptocurrency exchange can buy bitcoin at over 3500 post offices countrywide. The Australia Post will accept cash and EFTPOS payments for customers buying digital currencies via their popular Post BillPay service. Bitcoin.com.au CEO Holger Arians stated:
“This is a major milestone for digital currency in Australia and around the world. It proves that there are established businesses and organizations that want to learn about new technologies by doing and not by blocking.”
A Significant Milestone for Australians
Currently, Bitcoin.com.au customers can quickly pay for their bitcoin purchases at 1500 retail outlets of Blueshyft payment Network. The firm offers an array of services to numerous exchanges. Adding Australia Post to places users can purchase their bitcoin is a significant milestone for Australian crypto enthusiasts.
Bitcoin.com.au CEO Arians added that the objective of his company is to facilitate and secure bitcoin purchases for their customers. Arians believes that buying BTC at the post office was safer than doing online funds transfers. According to him, the partnership could enhance the mass adoption of crypto in the country. As per the report, there are close to one million Australians who own digital currencies.
Implement the Latest Technology
Australia Post’s head of Business and Government Financial Services Susan Nicholson said that they strive to implement the latest technology. Their objective is to make services accessible to as many people as possible. She added:
“Australia Post has for a long time played an important role in the community to make services accessible to all […] 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.”
At Blockchain Reporter, we reported that PayPal was planning to launch direct sales of Bitcoin. With a customer base of over 325 million, tou can’t underestimate their entry into the cryptosphere. The increasing number of physical locations offering consumers an opportunity to acquire cryptocurrencies means a lot for bitcoin’s mass adoption.