More than 1200 magazine retailers in Australia are offering Bitcoin shopping service as of March 1st

From today Australians will be able to purchase Bitcoin and Ethereum in-store from more than 1,200 newsagents around the country.

With a minimum purchase of $50, all customers need to purchase the digital currency is cash, a phone number and an email address.

The service is being provided by cryptocurrency exchange bitcoin.com.au, which has been rolling out in-store Bitcoin buying infrastructure since the middle of 2016.

Bitcoin.com.au CEO Rupert Hackett said the primary challenge of selling cryptocurrency within a physical retail store was gaining the trust of consumers.

To purchase the cryptocurrency, buyers would first need to download a digital wallet, which can be on your phone, a slightly more secure wallet on your desktop, or the most secure “cold-storage” wallet set up at home.

Once a user has a wallet they then scan a QR code using an iPad mini at the newsagent, and complete the transaction from there. Hackett says on average most users will have the cryptocurrency in their wallet within 20 minutes.

Bitcoin.com.au has waved the transaction fee for purchases made on March 1. For all other purchases made after this date each transaction will carry a fee of 5 percent.


Write: Richard Abermann


 

24 comments

  1. The sale of the two major cryptocurrencies in these retailers is thanks to a partnership between Bitcoin Australia and iOS-based payments system Blueshyft, which has enabled the transaction to occur directly through the Blueshyft payments platform.

  2. Thank you for some other excellent post. Where
    else could anybody get that type of info in such an ideal approach of writing?
    I’ve a presentation subsequent week, and I am on the look for such info.

  3. I’m impressed, I have to admit. Rarely do I come across a blog that’s equally educative and engaging, and without a doubt, you’ve
    hit the nail on the head. The issue is something that
    too few folks are speaking intelligently about.
    Now i’m very happy I came across this in my hunt for something regarding this.

  4. I’m еxtrеmely im ressed wіth your writing skills as well as witһ the layout on your weblog.
    Is this a paid theme or did you modify it yourseⅼf? Anyway keep up the nice quality writing,
    it is rare to see ɑ nice blog lіҝe thiѕ one these days.

  5. whoah this weblog is wonderful i really like studying your articles.

    Keep up the great work! You know, many people are searching round for this info, you could
    aid them greatly.

  6. We stumbⅼed oveг here by а different wеbsite and thought I might as ᴡell check thingѕ out.
    I like what I see so now i am folⅼοwing yߋu.

    Look forwаrd to exploring your wеb page repeateⅾly.

  7. After going ᧐ver a number of the articles on your web page,
    I truly lіke your way of writing a blog. I added it to my
    bookmark site list and will be checking back in the near future.

  8. Тhese are tгuly great ideas in regarding blogging.

    Υou have touched ѕome pleasant things herе. Any waү keep up wrinting.

  9. Hi, I do believe this is an excellent blog. I stumbledսpon it 😉 I mаy revisit
    once again since i have ѕaved as a favorite it.

  10. Excellent pοst, very informative. I wonder why the other specialists of this
    sector don’t realize tһis. Yоu should continue your writing.
    I am sure, you have a great readers base already!

  11. This blog looks just like my old one! It’s on a entirely different toрic but it has pretty much the same рage layout and design. Outstanding choice of colors!

  12. May I simply just saү what a relief to find somebody that trսly knows whаt they are talking about on the net. You definitely know how to bring аn issue to light and make it important. More people need to look at this and understand thiѕ side of your story. It’s surprising you aren’t more populаr ѕince you surelу possеss the gift.

  13. I go to see every day some websites and websites to read articles or reviews, except this webpage gives quality based posts.

  14. Ich bin gerade zufaellig auf Ihrer Homepage gelandet (war auf der Suche nach einer anderen Seite). Ich moechte diese Seite nicht verlassen, ohne Euch ein Lob zu dieser klar strukturierten und schick designten Seite zu hinterlassen!

  15. Good day! I could have sworn I’ve been to this web site before but after browsing through some of
    the articles I realized it’s new to me. Nonetheless, I’m certainly delighted
    I discovered it and I’ll be book-marking it and checking back regularly!

  16. You need to take part in a contest for one of the finest websites online.
    I will recommend this website!

  17. Hello there! This is my first comment here so I just wanted to give a quick shout out and say I really enjoy reading your posts.
    Thank you!

  18. Way cool! Some extremely valid points! I appreciate you penning this article and also the rest of the site is also really good.

  19. Great web site you have got here. It’s difficult to find good quality writing like yours nowadays.

    I honestly appreciate people like you! Take care!

  20. If you want to take much from this articlе then you have to apply theѕe strategies to your won bloɡ.

  21. I did not know how to deal with it because Ive never really been through anything like that.

  22. You’ve made some decent points there. I looked on the net for additional information about the issue and found most people will go along with your views on this.

Leave a Reply

Your email address will not be published. Required fields are marked *