Australia post office now accepts Bitcoin - page 2.

bobitza

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Quote from: Faysal Fahad on June 25, 2020, 10:54:15 PM

I must say Australia is very friendly on Cryptocurrency!
On 4th May VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, focused on Australia's 76$ billion of exports to China. And now they welcoming BTC; it’s really a great sign!

Right! This is really a great sign for bitcoin in particular and cryptocurrencies in general. It proves that bitcoin still has the ability to recover after being seriously affected by the Covid-19 epidemic. If the post office in Australia accepts bitcoin, then many parts of Australia will be. It will drive bitcoin prices up. That is what we are waiting for.

Lucius

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Quote from: LeGaulois on June 30, 2020, 09:06:12 AM

Nobody is reading the discussion or visit the link posted in the original post or what?

Reading is time-consuming, and many forum users don't want to spend their time on such trivial things - even if the thread only has 2 incomplete pages. But as I already wrote, the OP was definitely wrong that BTC can be deposited at the post office, users can buy it with cash or EFTPOS (electronic funds transfer at point of sale).

The difference between the services offered by some post offices in the EU and the Australian post office is that some only allow the purchase of BTC, while others offer only the sale of the same.

I can agree that such actions do not mean that a country is completely crypto friendly, but that is only slightly more liberal than the others. It is a well-known fact that such jobs generate considerable income, so it should come as no surprise that crypto exchange offices are expanding their offer through post offices. This is not about the state starting something on its own, but about private companies that expand their business in this way.

yazher

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I'm glad to hear this kind of news because this is something we've been waiting for. I'm sure now that they are implementing it in Australia, many companies will also implement the use of bitcoin in their stores. things are going our way this year despite this deadly pandemic. We don't hear some exchange hacking nowadays which is good and every news about bitcoin is only great news like this one. Although this will not affect the price of BTC in the market today, this is something we can say a way to make that happen in the future.

btc78

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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.

I believe that Post office nowadays has no really big function at all right?because of internet the sending of letters and other works offers by post office are really having a hard time so accepting crypto means they are offering something different from normal.
And this is best for us here in Bitcoin world.

Quote from: Ulven on June 30, 2020, 08:24:16 AM

The good news for crypto users is increasing day by day, I think soon there will be widespread support from different governments around the world To accept payment by bitcoin. So let's wait for more good news, and hope my country also contribute to Bitcoin adoption!

there are some states in US that i believe are accepting also Bitcoina s payment in government service.
so this is much better for all of us cryptonians.

DdmrDdmr

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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 …

LeGaulois

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Quote from: BuNga_cute on June 30, 2020, 07:13:21 AM

I'm not surprised the Australian post office started accepting bitcoin, because Australia is a country that is friendly with crypto.
This is really positive news for cryptocurrency. More and more countries are starting to adopt bitcoin, to my knowledge there
are several countries in Europe that are do the same thing as australia. But I forgot the name of the country.

Nobody is reading the discussion or visit the link posted in the original post or what?

As @Lucius mentioned they do not accept Bitcoin!
It's about citizens able to buy Bitcoin (using their local money). And the fact people can buy bitcoins doesn't make a country crypto-friendly as several users say here. Crazy people, as soon bitcoins can be bought or used they think the country is friendly to BTC. For sure we don't have the same definition for something friendly

Nowhere does it say that people can pay for their stamps in BTC. Only people here believe that.

minairia3

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I love to hear how Bitcoin began to spread his wings all over the globe. This move could literally followed by some other countries. The post office is a huge and important sector for different deliveries having the convenientto accept btc as payment is greatly add to the soaring adoption of btc.

I hope they also extend it to some other coins like eth and other that are massively used on transaction. Im not gonna vouch for xrp but as long as they play fair in this then there is no problem. Only Australia right? I wonder whose next in line giving some acceptance of btc.

Oyarebu

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Quote from: InvoKing on June 30, 2020, 06:48:29 AM

Interesting. Read bitcoin.com and searched the article thinking it was Bcash but it is written BTC clearly. I find it like a one step toward mass adoption Wink

That is a very good move from the country because bitcoin adoption has just began. We have experience and seen some good news about the Australia post office accepting bitcoin. The world is coming to bitcoin gradually and when it's due for the global adoption bitcoin will expand tremendously. Hope to see other countries looking for ways to get bitcoin involve in their activities.

Ulven

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The good news for crypto users is increasing day by day, I think soon there will be widespread support from different governments around the world To accept payment by bitcoin. So let's wait for more good news, and hope my country also contribute to Bitcoin adoption!

Serious475

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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.

Crypto currency in Australia is now legal and we can expect to it that it will be having a big improvement in many factors of being a rich country. The first factor that can be affected by crypto currency is their financial system because their currency can be replaced by crypto currency so that they don't need to waste a lot of materials to make a paper money. Second is their way of living because trading will be an option for them if they don't want to take job outside of their house and the crypto community there will be bigger than before.
Source: https://complyadvantage.com/knowledgebase/crypto-regulations/cryptocurrency-regulations-australia/

BuNga_cute

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I'm not surprised the Australian post office started accepting bitcoin, because Australia is a country that is friendly with crypto.
This is really positive news for cryptocurrency. More and more countries are starting to adopt bitcoin, to my knowledge there
are several countries in Europe that are do the same thing as australia. But I forgot the name of the country.

LbtalkL

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I don't know if we have the same situation about the Post office, In my country post office is only controlled by the government, is it the same with Australia too? So their government approves all of it or I am just too excited lol, If it is that is a huge adoption incoming given that Australia has a huge population too. I hope it will happen in my country I believe it will happen soon.

InvoKing

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Interesting. Read bitcoin.com and searched the article thinking it was Bcash but it is written BTC clearly. I find it like a one step toward mass adoption Wink

Bitcoinislife09

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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.

Bitcoin is becoming available in a lot of countries and a lot of companies are starting to accept bitcoin as a great asset. This is surely good news as Australia is now accepting bitcoin even at these post offices. I'm not expecting that even the government is going to accept bitcoin when it comes to some countries for sure bitcoin is not year acceptable as it is not yet popular or trusted by some of the countries. Recently a lot of articles online when bitcoin is becoming more accessible and accepted in a lot of countries I'm thinking it is possible that in the past year's bitcoin is surely going to be used in a lot of transactions or a top digital currency that is used.

Compared to our countries which bitcoin is not really having a good image I think it would really take a long time before bitcoin is completely accepted as a digital currency. There are already digital currencies that are used in some of the stores here but not cryptocurrencies as they are not handled by big companies.

taufik123

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Bitcoin adoption on a large scale makes bitcoin more popular and more widely known. The adoption of bitcoin at the Australian post office are some examples of the Australian government being serious about using bitcoin technology.

Australia recognizes that future technologies such as bitcoin need to be developed. Australia is one step ahead of the surrounding countries. Australia has cryptocurrency laws that are well regulated. The local government continues to work to create a safe & better place for the crypto community.

CoinFoxs

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It seems like 2020 has proven to be a great year for cryptocurrency as we have seen a massive adoption of BTC worldwide. Few days ago, there was a news that Venezuelan government is now accepting bitcoins to renew passports and now Australian post offices are accepting BTC which is very encouraging. I hope to see more adoption in near future.

Lucius

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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 is very erroneously worded, it is not about any BTC deposits, but about the possibility of buying BTC in post offices. A similar thing exists in Croatia in some 50+ offices across the country, but it's just about buying BTC, they do not offer any other service for now.

A similar service is also available in several EU countries :

Quote from: https://www.ccn.com/bitcoin-investors-in-this-european-country-can-now-buy-crypto-at-the-post-office/

Liechtenstein’s official post office is offering fiat-to-bitcoin exchange services through a partnership with Swiss blockchain company Värdex Suisse, a regulated payment service provider based in Switzerland.

Quote from: https://www.coindesk.com/postal-service-customers-austria-can-now-buy-bitcoin-ether

Austrian postal services provider Österreichische Post has confirmed it is now offering offline exchange trading for bitcoin, ether, dash and litecoin in a collaboration with Bitpanda, a Vienna-based cryptocurrency exchange. (2017)

Quote from: https://bitbay.net/en/helpdesk/payments-and-withdrawals/how-to-withdraw-cash-at-polish-post-office

To complete a Cash withdrawal with proof of identity in Polish mail via the payment operator Payment Technology, you’ll need to go to „Wallets” tab, choose PLN currency and next choose: „Post Office Withdrawal”. Then type in the amount of PLN you wish to withdraw. The amount cannot contain pennies. You can withdraw up to 15 000 PLN once. To receive your cash go to the Polish Post Office near you. You can choose from over 4,5 thousand Post Offices. Remember that you won’t be able to complete the withdrawal in postal agencies.

It is possible to buy BTC in Switzerland via SBB ticket machines for years :

Quote from: https://www.railtech.com/digitalisation/2018/11/15/bitcoin-sales-becomes-regular-service-sbb/?gdpr=accept

Swiss Federal Railways (SBB) started the sale of Bitcoin as a pilot project two years ago and as of Thursday, it has become a regular service. About 6,000 customers buy the cryptocurrency at SBB ticket machines, half of them buy it regularly.

As you can see, Australia has not made any revolutionary move, such things have been quite normal in Europe for years.

mk4

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Quote from: Juggy777 on June 26, 2020, 02:01:52 AM

@mk4 PayPal is not going to launch support for bitcoins as of now, because they’re more interested in utilising Blockchain technology, and they may soon launch a PayPal backed crypto (basically another stable coin). @cheezcarls if you read PayPal CEO statements carefully then you’ll realise that he has no intention of integrating bitcoins on PayPal, but he’s keen to use the blockchain technology, and that’s something worth waiting for if it can help in reducing the transfer fees.

Source:

https://news.bitcoin.com/paypal-ceo-admits-he-owns-bitcoin-2/

Yep, people have been speculating about PayPal releasing a cryptocurrency product for a while now, but this was last year. While I still heavily doubt that PayPal will be allowing the buying or selling of bitcoin or at least allowing bitcoin on their platform, let's not take everything they said as sort of "set in stone". It's not like just because they haven't mentioned bitcoin last year, it doesn't automatically mean that they can't decide upon utilizing bitcoin this year.

But in the end, we're pretty much just speculating. 🤷‍♂️

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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.

I think this is a great small step forward. I remember when a similar thing happened in Croatia, and it also seemed like big news, but I'm sure it wasn't a game-changer even on the level of Croatia. The post office is something more significant than, say, a café or a shop because it's a governmental institution which signifies a mild approach towards cryptos from the government. I am glad for Australia, and I do hope it's one step that will lead to many more. It seems to be a big step specifically for this country as previous news regarding Australia and Bitcoin seem neutral or negative, I don't see anything bullish from the past.

CarnagexD

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Quote from: Faysal Fahad on June 25, 2020, 10:54:15 PM

I must say Australia is very friendly on Cryptocurrency!
On 4th May VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, focused on Australia's 76$ billion of exports to China. And now they welcoming BTC; it’s really a great sign!

Another bitcoin adoption! It is more likely that other countries will also adopt this concept that they will accept bitcoin in their post office for a much faster and efficient transaction. Especially that there are lot of country right now who are engaging in the use of bitcoin as our technology is continuously advancing.

Let's just wait for a more adoption of bitcoin not only in this post office, but also as a mode of payment in any transaction no matter how big or small a transaction is. I read some news about another adoption of bitcoin which is the expanding of bitcoin ATM globally. Let's support and help the promotion even in a simple way.

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