Binance Now Lets Australians Buy Bitcoin With Cash during Over 1,300 Stores
Cryptocurrency sell Binance has denounced a new height in Australia that allows users to buy bitcoin with money from high-street stores.
Announcing the news on Tuesday, Binance said the new gateway, called Binance Lite Australia, is cash-to-bitcoin brokerage use permitted through a network of 1,300-plus upheld newsagents opposite the country.
The height now offers the choice to buy only bitcoin using Australian dollars (AUD), but the sell pronounced it skeleton to support more cryptocurrencies and fiat options in the future.
Once users have carried out an comment corroboration processes, they can place an sequence to buy bitcoin online, deposition money at the nearest newsagent and accept crypto “within minutes,” according to the announcement.
Binance Lite Australia charges a 5 percent transaction fee for bitcoin bought around the service.
Binance CFO Wei Zhou pronounced that the new height serve expands cryptocurrency adoption “by providing easier ways to buy bitcoin.” He combined that the sell will in destiny offer more fiat-to-cryptocurrency gateways around the world.
Binance has been fast flourishing the operations globally. In January, it launched a fiat-to-crypto sell on the island of Jersey, a British self-governing dependency, permitting users to trade bitcoin and ethereum opposite the British bruise and the euro. Last June, the sell also launched a fiat-to-crypto sell in Uganda.
Recently, Binance and the central wallet, Trust Wallet, changed to allow users to buy cryptocurrencies with credit cards, through a partnership with Israel-based payments processor Simplex.
France-based crypto startup Keplerk similarly partnered with internal tobacco retailers to sell bitcoin through their stores in November.
Bitcoin in Australia picture around Shutterstock