The Australian cryptocurrency exchange Bitcoin. com. au has launched a new service, with which the country's residents can purchase Bitcoins and Ether for Fiat. Since March 1, this service has become available in more than 1200 newsagents, reports 9Finance.
When your product is totally digital it can be hard to gain trust from consumers because there's no tangible product being handed over. Using newsagents provides consumers with a convenient and trusted way for investors to buy cryptocurrency. Traditionally, the only people who knew about Ethereum or wanted to buy it were those who already had bought Bitcoin. But now that cryptocurrency is more well-known we found that Ethereum's cheaper price point made it a more digestible value proposition for buyers.
CEO, Bitcoin. com. au
Bitcoin. com. au, which has been operating for a year and a half, is described on the site as "one of the first independent bitcoin-exchanges in Australia". Since March 1, the site also began to support operations with Ethereum for the first time.
To purchase crypto-currency in newsagents participating in the program, users only need to register their own wallet. During the purchase, the seller will scan the QR code, after which the corresponding amount of coins will be transferred within 20 minutes, Hackett added. The minimum purchase amount is AUD 50 (about $ 39). The Bitcoin. com. au commission is 5%.