Jun 26, · gasthausamflughafen.de and Australia Post have announced a partnership that will let Australians pay for Bitcoin at more than 3, post offices around the country. It's accomplished through Australia Post's Post Billpay service, essentially letting you pay for Bitcoin like any other bill. May 04, · Buy Bitcoin through your nearest Australia Post Buying your first bitcoin can seem daunting, but it’s pretty simple once you get started. Buying your first bitcoin can seem daunting, but it’s pretty simple once you get started. gasthausamflughafen.de works with Australia Post to make buying bitcoin . Jun 26, · Australians can now pay for their bitcoin at outlets of one of the country’s oldest organizations, its postal service. In a collaborative effort between Australia Post .
Buy bitcoin australia postYou Can Now Buy Bitcoin with the Help of Australia Post | gasthausamflughafen.de
Director of Digital Surge , Josh Lehman, says the new service helps speed up the registration process that could discourage many potential users.
Australia Post has struggled with its Digital iD program, however, as seen by recent budget and staff cuts amid controversy and a potential conflict of interest with another government digital ID program, according to local news portal Innovationaus. The Digital iD project was rolled out earlier this year after development began in with 13 participating organizations, a number which has now grown to over 40, including Queensland Police, CUA, and Airtasker.
The process is simple. Customers submit their national ID such as a driver license or passport once, and then only use a smartphone app and QR codes instead. The service does give users control over which bits of personal data are shared. Using this new way to buy bitcoin in Australia may indeed become the easiest method currently available.
At the same time, there is a tradeoff for people who may value privacy over speed and convenience. In other words, users should expect to pay capital gains tax since their newly-purchased bitcoin can be easily traced to their digital ID. Nevertheless, this has not stopped Australians from buying bitcoin as the number of cryptocurrency holders has nearly tripled since the beginning of Could you be next big winner?
I consent to my submitted data being collected and stored. In the past month, European business hours became extremely active for bitcoin futures trading on BitMEX futures. First Block Bitcoin Firstly, despite all the reports on the demise of cash, the cold hard currency is still plenty popular. Admittedly, most of the cash in circulation is being lost, hoarded or used for illicit purposes, but it still has a robust fan base.
Plus, there's likely some overlap on the Venn diagram of cash hoarders and Bitcoin buyers, so there might be more demand than one would expect. There's also still an understandable preference for cash as a trusted, tangible payment method and it's the perfect match for an entity like Australia Post, which is often ranked as one of Australia's most trusted institutions, especially in regional areas.
There's an argument to be made that when you buy Bitcoin with cash at Australia Post, the digital currency is infinitely more tangible than it would be any other way. Plus it's worth drawing attention to the partnership itself as an achievement, and as the joining of one of Australia's most venerable institutions with the idea of cryptocurrency.
Once we take them off, that heartwarming story of trusted institutions partnering to advance cryptocurrency fades away, and it's replaced with a scene where a cryptocurrency platform with a snazzy URL takes advantage of people's trust to charge exorbitant fees.
It's not innately any more or less trustworthy than other exchanges. But newcomers in search of a trustworthy platform could get blinded by its URL and don't necessarily know that.
Plus, Australia Post's Post Billpay service has been around and enabling payments for a long time now. This almost certainly shouldn't be construed as some kind of big endorsement or giant leap by Australia Post. It's great that people can feel comfortable buying cryptocurrency with a trusted payment method, it's great that people can surround themselves with trusted entities and it's great that Bitcoin is receiving a congenial nod from Australia Post, but it's less great that all this is being used as a vehicle to charge exorbitant fees.
And it's hard to see why those high fees would be necessary to cover costs. Australia punches above its weight in its number and quality of cryptocurrency exchanges and there are a great many examples of exchanges that do much more than Bitcoin. Everything else aside, this looks a lot like a new way to take advantage of people's trust to extract high fees from them.
The royal commission into Australia's banks laid bare a similar scene, of formerly-trusted financial institutions deteriorating under the weight of their own protracted abuse of customer trust , after years of searching for maximum profit with minimum effort. There's something ironic about seeing crypto companies at risk of falling into the same hole after all the bank bashing and "don't trust, verify" speeches. If you're shopping without the rose-tinted glasses, and with verification rather than trust, you can confirm for yourself that these fees are really high and that even if you want to pay by cash there's no reason to be paying this much.
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