Australia post office now accepts Bitcoin

worle1bm

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Quote from: BIT-BENDER on January 09, 2022, 01:05:18 PM

I see this as a much needed improvement to Bitcoin and crypto-currency adoption, Australia has always been a country that I consider to be free spirited, and the government aren't to Ridgid, honestly speaking it would take more than another country slowly adopting crypto-currency before other join, I believe some current government in sit who has no interest in crypto-currency first has to leave the sit, my country for example may not adopt Crypto-currency on a national level on till the present government vacates the sit.

For sure it's good news for the Australian residents but we know all are not happy about such decisions who doesn't know the true picture of bitcoin.This was one year back when this post was made and some newbie just bumped up this thread but according to me such things should be avoided to possible extent.

Although if you neee more information about the same you can check out this Australian post accepts btc

BIT-BENDER

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I see this as a much needed improvement to Bitcoin and crypto-currency adoption, Australia has always been a country that I consider to be free spirited, and the government aren't to Ridgid, honestly speaking it would take more than another country slowly adopting crypto-currency before other join, I believe some current government in sit who has no interest in crypto-currency first has to leave the sit, my country for example may not adopt Crypto-currency on a national level on till the present government vacates the sit.

Mamun74

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The news was few month ago but It's a good news and good process. Nowadays many County interested in cryptocurrency. Many investor any many companies they are interesting in investment in cryptocurrency i Think people interested more day by day.They know bitcoin is a good shape.

romero121

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This was a news that got published an year ago. From the news that is being published the service acceptance is through post billpay. This is being done through a fee of 5.9% which is something close to the exchanges and ATMs that support bitcoin deposit and withdrawal. Postal service into bitcoin shows the public ventures participation. Hope this gets followed by more public ventures understanding the need of common people.

haasanjui

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Australian post office announced that they will accept cash and EFTPOS payment for digital currency purchases through bitcoin.com.au, it is major news for crypto for get achieve goal.

Rana590

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It's really great news for bitcoin lovers. A lot of sad news are coming in recent days but this kind of good news are really appreciated. Obviously we want to see bitcoin in a good shape. It's a interesting news also and inspiration too for accepting on other sectors.

habebe

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Interesting. let's read about bitcoin.com and we will find this article and very well I think it is towards a step where mass adoption has gone well and i hope it will happen in our country and I believe it will happen this soon with the acceptance of bitcoin nationwide

rexxarofmoknathal

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Quote from: kawetsriyanto on July 03, 2020, 04:32:26 PM

Wow, very good progress.
With the increasing adoption of Bitcoin and its use, the BTC itself will increasingly have value, be more reliable, and can also increase the value of BTC itself. In addition, it would be possible for other countries to adopt this kind. However, it might be more difficult if in a country that has not legalized BTC as a means of payment. As we know, BTC is not only available for the digital assets but also for payment method. This will really be meaningful and easy if the BTC is available to be a payment method in most countries again.

I agree, this is a very good and forward progress we should have seen happening a while back. In that respect, it is all to do with how the population reacts to this new kind of thing (obviously it's +ve) and it just goes to show that in order for this to happen the authorities need to push forward after taking care of the frameworks etc.
I would like to know if this is just a pilot test, and whether this is something other countries will engage in.

ukboss

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The Hawaiian group was basically the other from Bitcoin however , these days that they're recognizing Bitcoin this is a significantly better switch for nation Bitcoin Numerous Prosperous Foreign currencies Bitcoin's commitment may take up a truly handy and also powerful part in improving upon the actual economic crisis within their state. Bitcoin will probably be involved having some other trading online websites and can change out Bitcoin seeing that comfortably for the reason that Fiat.

The Sceptical Chymist

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Quote from: mk4 on June 26, 2020, 12:03:56 AM

Keyword: may be

The article also says you'll be able to buy bitcoin at post offices, and that'd be kind of neat if it came to fruition. Not that I'd be able to take advantage of any of this since I don't live in Australia, but it would definitely be some progress toward mass adoption. Then again it could well be a service that disappears if few people use it--and that's always a possibility, just like all those retailers that stopped accepting bitcoin after finding out that there isn't a big demand to spend it.

Still, kudos to the Aussie PO for at least considering this. I don't think the US is going to see something like their post office selling bitcoin anytime soon. And they probably should, since they're on the brink of bankrupcy as it is.

concept2

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Damn, I love Australia so much. They really understand the benefits which Bitcoin can bring to them. Not only that, this implement can help bitcoin to become more famous and gain more attention from the people. More people will have a chance to interact with new tech and the blockchain will soon become an important part of the world. Haha its just my imagination which may never happen. I hope that in the near future, our people in my country have a opportunity to use bitcoin not just on the Internet but also in the real life. Rules and laws strictly ban bitcoin and dont allow it to be used a payment method right now.

Latviand

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Australia is also a first world country just like United state, Canada, New Zealand, and etc., so it is approach towards the adoption of bitcoin is not that hard for them. This another mass adoption is really what we need to help the growth of the use of bitcoin in many transactions or activities in the market.

Open-minded countries like Australia are much more likely to have improvements in their economy especially that bitcoin is a huge factor in making so much impact in the market. Hoping that this post office is not the only thing that Australia look forward into that use of bitcoin.

kawetsriyanto

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Wow, very good progress.
With the increasing adoption of Bitcoin and its use, the BTC itself will increasingly have value, be more reliable, and can also increase the value of BTC itself. In addition, it would be possible for other countries to adopt this kind. However, it might be more difficult if in a country that has not legalized BTC as a means of payment. As we know, BTC is not only available for the digital assets but also for payment method. This will really be meaningful and easy if the BTC is available to be a payment method in most countries again.

maenauaras

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It is up to the regulatory frameworks and the extent to which the population accepts payment in digital currencies.
It is the extent of acceptance and thus the achievement of economic profits, so long as there are regulatory laws and regulatory frameworks, everything is possible and acceptable.
Many countries will be like Australia over time, and in 10 years a lot will change.

Yatsan

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Quote from: cheezcarls on June 25, 2020, 10:47:12 PM

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

It is a great news to know that Australia have already implemented such actions of accepting Bitcoin usage at their post offices. Even though it was simple for me to think, it is still a great move done towards adaptation of Bitcoin because by that way, people will get into using Bitcoin not just the people who have already using it but as well as the other people might get encourage to use and acquire Bitcoin because of that.

Well mate, I am also looking forward for that thing to happen in the Philippines but I think that was still too far to happen since there are still lots of issues that are in need to be attended first before pursuing to adapt Bitcoin usage in the Philippines. Not just Bitcoin but as well as all the other cryptocurrencies. But still I am not losing hope for that day to come. It is just that time will tell when will that thing can happen. Let us just see.

coinfinger

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Quote from: cheezcarls on June 25, 2020, 10:47:12 PM

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

That's okay. Someone has said something like this about their country as well, but I can't remember which country was that again. They said their citizens can exchange their Bitcoin at the embassy. These are the type of news I always like to see and not the ones of how the government is planning to place a ban on cryptocurrency, which is very bad.

But, it's not like this in my country and I do wish that the government in my country will consider, although I do know that there are lots of things we are facing and that might be why no one is looking at that direction for now.

Quote from: ?? on ??

I hope that, every rich and powerful country will legalize BTC very soon and we will able to make all kind of payments through Bitcoin. it will make our life easier.

In my understanding, those under-developing countries will be having more possibilities for adopting bitcoins before developed counties. Some 3/4 years back itself Swiss post offices started adopting bitcoins/selling bitcoins and now Australia and Japan must be the first counted legalizing bitcoins and USA is always a crypto friendly country. From all these, I guess it is time for tier-2 and tie-3 countries to think about bitcoins for their people better life style.

lionheart78

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Quote from: cheezcarls on June 25, 2020, 10:47:12 PM

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

Same here, it would be awesome if Phippines Post office will implement such adoption but I doubt that it will happen soon because as far as I know Government offices are the last one to implement trending stuff unless it is really a necessity.

Well, it is Australia today and soon after we will see more countries to adopt Bitcoin as payment mode. Aside from that, Bank of America had already declared that Bitcoin along with ether has been recognized as cash advance.

Mpamaegbu

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This is some cheery news to the community, I should think so. We need more outlets outside Australia to join in the queue.

Quote from: cheezcarls on June 25, 2020, 11:07:03 PM

A couple of years ago, Paypal CEO did say that Bitcoin is the biggest scam in history due to pump and dump. Now he threw off his hat and decided not to be left behind, and they realized it very much because more and more people are now shifting to Bitcoin.

Gradually, the chickens are coming to roost. It remains Warren Buffet to renounce his scam disposition on Bitcoin. They were too quick to conclude on something they didn't have a complete grasp of.

The Cryptovator

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We know that Australia is crypto friendly country, but accept bitcoin on post offices is a big move. Post office is a government organization and that's why we might say this is a massive adoption for bitcoin. Who know if Australia start accept bitcoin in other sectors as well if post office plan work good. I believe now even general people from Australia will know about bitcoin when they will go post office for something. It would motive for others crypto friendly countries as well. Hope soon we will see more adoption of bitcoin worldwide.

JayJuanGee

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Quote from: DdmrDdmr on June 30, 2020, 09:29:35 AM

Getting to understand the process of purchasing Bitcoins at an Australian (not Austrian) post office may shed some light on whether this is a sweet deal or not : https://bitcoin.com.au/australia-post/ and https://www.finder.com.au/you-can-now-pay-for-bitcoin-at-australia-post-offices-with-5-9-in-fees

Quote

1.   Make sure you have a cryptocurrency wallet ready to receive the funds.
2.   Go the Bitcoin.com.au website.
3.   Click "Buy Bitcoin".
4.   Enter the amount you want to buy and your Bitcoin wallet address.
5.   Verify your identity by providing some personal information (only if it's your first purchase).
6.   Double check the details and lock in your transaction.
7.   Complete your transaction by going into an Australia Post branch, showing them the locked-in transaction on your phone and making payment.
8.   Experience a sinking feeling in the pit of your stomach as you realise you just paid a total of 5.9% in fees plus about 1.2% on the spread.

Quote

The total cost of about 7% here consists of:
•   Bitcoin.com.au's standard commission fee of 3.9% + GST
•   A 2% surcharge for this particular payment method
•   Roughly 1.2% on the spread

Not precisely the simplest of methods, and pretty steep commisions. Sometimes we need to save the fireworks for a better occasion …

I am glad to see some clarification regarding the purchasing process. Thanks DdmrDdmr.

Even though I agree with the overall sentiment regarding a cumbersome process and high fees, I continue to appreciate that buying and selling locations are continuing to expand - and surely some people are going to find out about bitcoin because it is being offered for purchase (or able to sell in other locations) through seemingly official channels.

Many of us likely realized that a lot of direct p2p channels had dried up last year when local bitcoins became more strict on many locations, yet even though premiums may have existed through some of that p2p exchanging, at least the KYC/AML had opportunities to be lower, and we are likely going to continue to be looking out for the expansion of p2p options - which may take a decent amount of time, including the onboarding of more people who are ready willing and able to transact in BTC.. which comes after becoming a HODLer rather than from starting out as a nocoiner. In other words, it is will be easier to attempt to convince a HODLer to directly exchange some BTC than a nocoiner who has no clue about any of it, including not having a wallet.

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