It is now possible for people of Australia to deposit money for a local Bitcoin exchange at the post office. According to a recent report on June 24, this has become possible because of the collaboration between the exchange and the post office services.
The announcement noted that customers of local cryptocurrency exchange Bitcoin.com.au will have the opportunity to pay for Bitcoin at over 3,500 Australian post offices.
The chief executive of the company Holger Arians said he believes the new payment option will make some people more comfortable with the purchase of Bitcoin. Arians noted that many individuals feel safer to pay for Bitcoin at an Australia Post office instead of transferring funds online, especially people who are buying for the first time.
“We’re proud of this partnership and would like to thank Australia Post for their continued openness to new technologies,” said Arians.
Before now, the users of Bitcoin.com.au customers could pay for Bitcoin at 1500 retail outlets on the Blueshyft payment network. Blueshyft which was established by Synthetix’s Kain Warwick likewise services several other exchanges.
There are now more physical locations where people can sell cryptocurrency. Hence, with an increase in the number of physical locations, people are now presented the opportunity to obtain cryptocurrencies.
Monitoring resource CoinATMRadar reported that at the moment, there are 8,208 ATMs in 73 countries which allow the purchase and sale of Bitcoin (BTC) and altcoins for cash. This represents a 17 percent growth from March, when the number was over 7,000. More than 6,000 of them are in the United States.
Reports have it that people can purchase Bitcoin for cash at over 20,000 retail locations across the U.S. including 7-Eleven, CVS and Rite Aid. Similarly, in the Philippines, people have been able to buy cryptocurrency in all 7-Eleven stores since September 2019.