Bitcoin has sustained its growing acceptance as a ‘complementary’ currency to the official monetary systems around the world as of mid-November 2017. In Australia, for example, an increasing number of Bitcoin automated teller machines (ATM) are being installed around the country due to its continuous popularity as an online currency. The installation of ATMs around Australia will give opportunities to Bitcoin owners to exchange their virtual currency for cash. This will result in a seamless transition from virtual to real money.
There are many positive features of Bitcoin that attract a growing number of users to the number one digital currency. One major draw is the ability for users to remain anonymous while conducting their transactions. Once a user has already created an account to the Bitcoin system called the Blockchain, he/she can already create any number of ‘addresses’ that he/she can use in their sales and purchases.
There is a very promising future for Bitcoin and other digital currencies in Australia based on the growing number of Bitcoin ATMs being established across the country at a time when bank closures are being reported around the nation. Read more here...Amid the ongoing "civil war" between groups supporting Bitcoin and those in the side of BitcoinCash, its is refreshing to be reading news like this as it is telling us that the future really belongs to Bitcoin the one and only and the original. In the next few months, am sure there can be more countries and people adopting Bitcoin and in the course gradually make it to the mainstream adoption. We should also hope that the Bitcoin ecosystem can be upgraded so it can be able to handle the coming barrage of transactions.
Bitcoin is supposed to be fast, efficient and cheap and when things are not the way it should be then we have to do something about. It is just sad that in many cases, we are getting blinded by our own interests and then we throw common sense into the gutter.
Indeed, there is that growing interest for Bitcoin in Australia and this is just the tip of iceberg as the full potential can be staggering. Let us not waste this opportunity -- an opportunity to cement the market already established for Bitcoin and expand it gradually. Long live, Bitcoin in Australia!
