Australians Can Now Pay for Bitcoin at Post Offices

UTC by Muhaimin Olowoporoku · 2 min read
Australians Can Now Pay for Bitcoin at Post Offices
Photo: Depositphotos

Holger Arians believes the new payment option at Australian post offices will make some people feel more comfortable with buying crypto.

Bitcoin.com.au and the Australian post have entered into a new partnership enabling Australians able to make payment for purchasing Bitcoin at post offices. In an announcement by the crypto firm, it is said that the partnership would allow their clients to be able to make payments for Bitcoin at over 3,500 Australian Post offices.

The partnership primarily is to bring about safety and convenience as regards crypto payment. Holger Arians, Bitcoin.com.au CEO, said he believes the new payment option will make some people more comfortable with buying crypto. He stated that people would feel safer paying for Bitcoin in Australia post offices than transferring money online.

Bitcoin.com.au clients before this Australian post office partnership were able to pay for Bitcoin at over 1,500 retail outlets in the Blueshyft payment network. Speaking on behalf of Australia Post, Susan Nicholson, Australia Post’s Head of Business and Government Financial Services, said Australia Post has, for a long time, played an essential part in the community to make services accessible to everyone.

“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,” she said.

Surge in Number of Physical Retail Stores to Buy Bitcoin

Reportedly, there’s a rise in the number of physical locations where people can buy cryptocurrencies. Alongside this, a rise in Bitcoin automated teller machines has made this easier. Recent data shows that Bitcoin Automated Teller machines have crossed the hallmark or over 8,000 installed worldwide.

Alongside this, reports have it that across the united states, over 20,000 retail locations are available where people can buy Bitcoin with fiat. In 2019 also, about 7-Eleven Philippine began selling crypto alongside certain French tobacco shops.

Another Australian Bitcoin-Related Benchmark

Australia is begging to become more crypto-friendly, easing crypto affairs and making dealing with digital assets more accessible. A few weeks ago, Centrapay and Coca Cola enabled Australia and New Zealand residents to buy Coca-Cola with crypto. The distributors would allow customers to use cryptocurrencies to pay at vending machines at over 2,000 machines across New Zealand and Australia.

With Centrapay and Coca-cola partnership, clients now keep Bitcoin and other cryptos a payment method in their Sylo Smart Wallet.

Bitcoin News, Cryptocurrency news, News
Muhaimin Olowoporoku
Author Muhaimin Olowoporoku

Muhaimin is a journalist, a fintech and crypto enthusiast who is passionate about its development in Africa and across the globe. Muhaimin derives pleasure in reporting and analysing happenings in the crypto world and a believer in Blockchain technology.

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