[2015-10-04] Bitcoin Takes a Back Seat in Australia. Merchants Stop Accepting it

[upsidedown75]

Bitcoin Takes a Back Seat in Australia. Merchants Stop Accepting it
Bitcoin is now up against another challenge in Australia. Things have never been smooth to this digital currency in the land of kangaroos and koalas. Many merchants across Australia have stopped accepting bitcoin payments, dealing a severe blow to bitcoin adoption in the country.
http://www.newsbtc.com/2015/10/04/bitcoin-takes-a-back-seat-in-australia-merchants-stop-accepting-it/

[Kprawn]

They stopped accepting it, because a group of banks started to block their accounts when they convert to fiat. The banks are very clever and will do anything in their power to

slow Bitcoin down. Leave them to fight this out in the courts and continue as normal in the other countries that do accept Bitcoin. By the time the rest of the world have evolved,

and adapted...they will be left behind... or they would allow the banks to introduce their own flavor of Blockchain technology and function as a island... Oh.. they are a island

already. 

[Carlton Banks]

I understand the Australian Dollar is under a little pressure in the FX markets (along with many other commodity export/East Asia import dependent nations). I wonder how quickly Australian merchants might start changing their minds back again if that problem gets any worse.