Australia post office now accepts Bitcoin

[cheezcarls]

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

[Faysal Fahad]

I must say Australia is very friendly on Cryptocurrency!
On 4th May VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, focused on Australia's 76$ billion of exports to China. And now they welcoming BTC; it’s really a great sign!

[mk4]

Quite surprising how much sudden adoption we've been getting in just the past month alone.

• The PayPal rumours[1]
• Venezuelan bitcoin payments on passports[2]  ; EDIT: apparently it's now unavailable lol[4]
• Grayscale racking up on bitcoin like there's no tomorrow[3]

And now this. Quite interesting what caused the really sudden domino effect. Also knowing that these entities aren't just your small local convenience stores. These entities are quite significant.

[1] https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling
[2] https://decrypt.co/33376/venezuela-test-bitcoin-payment-passports
[3] https://cointelegraph.com/news/at-this-rate-grayscale-will-own-34-of-all-bitcoin-by-january
[4] https://cointelegraph.com/news/btc-payments-reportedly-now-disabled-for-venezuelan-passport-purchases

[cheezcarls]

Quite surprising how much sudden adoption we've been getting in just the past month alone.

• The PayPal rumours
• Venezuelan bitcoin payments on passports
• Grayscale racking up on bitcoin like there's no tomorrow

And now this. Quite interesting what caused the really sudden domino effect. Also knowing that these entities aren't just your small local convenience stores. These entities are quite significant.

As for the Paypal rumors, they're currently hiring cryptocurrency and blockchain engineers which may be a signal for this payment processor to finally jump in.

A couple of years ago, Paypal CEO did say that Bitcoin is the biggest scam in history due to pump and dump. Now he threw off his hat and decided not to be left behind, and they realized it very much because more and more people are now shifting to Bitcoin.

Even myself, I set aside Paypal for Bitcoin almost three years ago as my main gateway for receiving payments in doing freelance stuff. I seldom use Paypal only to buy plane tickets and other few clients who doesn't have a Bitcoin wallet or balance to pay me yet.

[mk4]

As for the Paypal rumors, they're currently hiring cryptocurrency and blockchain engineers which may be a signal for this payment processor to finally jump in.

Keyword: may be

While there's definitely a chance that this might be that they're hiring engineers for their bitcoin buy/sell feature, but then again, I'll believe it when I see it. There's also a chance that they could just be experimenting for now. Product features can easily be scrapped.

[maxreish]

It is indeed a good move from Australia country. Their government is actually pro bitcoin because they allow such bitcoin payments in collaboration with their local exchange (Bitcoib.com.au) to make this possible. If such actions were widely used by government's different agencies then we could see positive bitcoin adoptions.

[Daniel91]

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

Great news!
Yes, we already had the same news recently for Croatia
https://bitcointalk.org/index.php?topic=5168879.msg51950892#msg51950892
Croatian post office also accepts bitcoin and some other crypto currencies.
I'm sure other countries and post offices in the world will also accept bitcoin in the near future,  including Philippines 😁

[jseverson]

Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

One thing that has to be noted here is that this doesn't seem like government initiative. This was a result of Bitcoin.com's (Roger Ver's company btw lmao not that that has anything to do with it) collaboration with them, so unless your local exchanges are willing to step up for the community, this doesn't really set a precedent for other post offices to follow suit.

This is good news nonetheless because we can never have enough room for adoption, but I'm getting the impression that some people think government agencies are actively seeking out Bitcoin payment options, and that's not really the case here.

[20kevin20]

And now this. Quite interesting what caused the really sudden domino effect. Also knowing that these entities aren't just your small local convenience stores. These entities are quite significant.

Could it be that they're trying to suppress the actual volume of BTC and get the authorities accumulate and centralize large amounts? It's very weird that they all suddenly "wake up" after so long, makes me doubt their real motive.

Remember that Bitcoin has also been part of the Goldman Sachs conference this year and appeared in Land Rover's commercial. Almost looks like a plan on a massive scale.

[KrisAlex18]

That was a great move for Austria, adopting bitcoin in their country is the best choice, we should implement it in our own country so we could get benefit from it in the future and even in the current situation. I have seen many articles about accepting bitcoin in their own country, it seems like bitcoin is really great because there are already many countries that are using it right now. Good move for the government.

There is fake news about the crypto news about the Philippines saying that President Duterte has approved the bitcoin in the Philippines but there are many feedback from the citizen of Philippines that it is not true because using of bitcoin is not familiar from them and they don't know how does it work. Only a few people are using it for some crypto activities and online transactions.

[ChrisPop]

There are more and more signs that Bitcoin is ready to take off. A few days ago PayPal and now the fact that Australian Post Offices are supporting Bitcoin is encouraging news.
In my country there are some forex exchange shops that offer this feature. However Australia is on whole other level. Keep it up!!

[Juggy777]

Quite surprising how much sudden adoption we've been getting in just the past month alone.

• The PayPal rumours
• Venezuelan bitcoin payments on passports
• Grayscale racking up on bitcoin like there's no tomorrow

And now this. Quite interesting what caused the really sudden domino effect. Also knowing that these entities aren't just your small local convenience stores. These entities are quite significant.

As for the Paypal rumors, they're currently hiring cryptocurrency and blockchain engineers which may be a signal for this payment processor to finally jump in.

A couple of years ago, Paypal CEO did say that Bitcoin is the biggest scam in history due to pump and dump. Now he threw off his hat and decided not to be left behind, and they realized it very much because more and more people are now shifting to Bitcoin.

Even myself, I set aside Paypal for Bitcoin almost three years ago as my main gateway for receiving payments in doing freelance stuff. I seldom use Paypal only to buy plane tickets and other few clients who doesn't have a Bitcoin wallet or balance to pay me yet.

Keyword: may be

While there's definitely a chance that this might be that they're hiring engineers for their bitcoin buy/sell feature, but then again, I'll believe it when I see it. There's also a chance that they could just be experimenting for now. Product features can easily be scrapped.

@mk4 PayPal is not going to launch support for bitcoins as of now, because they’re more interested in utilising Blockchain technology, and they may soon launch a PayPal backed crypto (basically another stable coin). @cheezcarls if you read PayPal CEO statements carefully then you’ll realise that he has no intention of integrating bitcoins on PayPal, but he’s keen to use the blockchain technology, and that’s something worth waiting for if it can help in reducing the transfer fees.

Source:

https://news.bitcoin.com/paypal-ceo-admits-he-owns-bitcoin-2/

[Negotiation]

The Australian community was the opposite of Bitcoin but now that they are accepting Bitcoin it is a much better move for their country Bitcoin Many Profitable Currencies Bitcoin's investment will play a very helpful and effective role in improving the economy of their country. Bitcoin will be integrated with other exchange sites and will be able to replace Bitcoin as easily as Fiat.

[CarnagexD]

I must say Australia is very friendly on Cryptocurrency!
On 4th May VeChain and Mastercard are among the heavy hitters backing the new APAC Provenance Council, focused on Australia's 76$ billion of exports to China. And now they welcoming BTC; it’s really a great sign!

Another bitcoin adoption! It is more likely that other countries will also adopt this concept that they will accept bitcoin in their post office for a much faster and efficient transaction. Especially that there are lot of country right now who are engaging in the use of bitcoin as our technology is continuously advancing.

Let's just wait for a more adoption of bitcoin not only in this post office, but also as a mode of payment in any transaction no matter how big or small a transaction is. I read some news about another adoption of bitcoin which is the expanding of bitcoin ATM globally. Let's support and help the promotion even in a simple way.

[kryptqnick]

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

I think this is a great small step forward. I remember when a similar thing happened in Croatia, and it also seemed like big news, but I'm sure it wasn't a game-changer even on the level of Croatia. The post office is something more significant than, say, a café or a shop because it's a governmental institution which signifies a mild approach towards cryptos from the government. I am glad for Australia, and I do hope it's one step that will lead to many more. It seems to be a big step specifically for this country as previous news regarding Australia and Bitcoin seem neutral or negative, I don't see anything bullish from the past.

[mk4]

@mk4 PayPal is not going to launch support for bitcoins as of now, because they’re more interested in utilising Blockchain technology, and they may soon launch a PayPal backed crypto (basically another stable coin). @cheezcarls if you read PayPal CEO statements carefully then you’ll realise that he has no intention of integrating bitcoins on PayPal, but he’s keen to use the blockchain technology, and that’s something worth waiting for if it can help in reducing the transfer fees.

Source:

https://news.bitcoin.com/paypal-ceo-admits-he-owns-bitcoin-2/

Yep, people have been speculating about PayPal releasing a cryptocurrency product for a while now, but this was last year. While I still heavily doubt that PayPal will be allowing the buying or selling of bitcoin or at least allowing bitcoin on their platform, let's not take everything they said as sort of "set in stone". It's not like just because they haven't mentioned bitcoin last year, it doesn't automatically mean that they can't decide upon utilizing bitcoin this year.

But in the end, we're pretty much just speculating. 🤷‍♂️

[Lucius]

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This is very erroneously worded, it is not about any BTC deposits, but about the possibility of buying BTC in post offices. A similar thing exists in Croatia in some 50+ offices across the country, but it's just about buying BTC, they do not offer any other service for now.

A similar service is also available in several EU countries :

Liechtenstein’s official post office is offering fiat-to-bitcoin exchange services through a partnership with Swiss blockchain company Värdex Suisse, a regulated payment service provider based in Switzerland.

Austrian postal services provider Österreichische Post has confirmed it is now offering offline exchange trading for bitcoin, ether, dash and litecoin in a collaboration with Bitpanda, a Vienna-based cryptocurrency exchange. (2017)

To complete a Cash withdrawal with proof of identity in Polish mail via the payment operator Payment Technology, you’ll need to go to „Wallets” tab, choose PLN currency and next choose: „Post Office Withdrawal”. Then type in the amount of PLN you wish to withdraw. The amount cannot contain pennies. You can withdraw up to 15 000 PLN once. To receive your cash go to the Polish Post Office near you. You can choose from over 4,5 thousand Post Offices. Remember that you won’t be able to complete the withdrawal in postal agencies.

It is possible to buy BTC in Switzerland via SBB ticket machines for years :

Swiss Federal Railways (SBB) started the sale of Bitcoin as a pilot project two years ago and as of Thursday, it has become a regular service. About 6,000 customers buy the cryptocurrency at SBB ticket machines, half of them buy it regularly.

As you can see, Australia has not made any revolutionary move, such things have been quite normal in Europe for years.

[CoinFoxs]

It seems like 2020 has proven to be a great year for cryptocurrency as we have seen a massive adoption of BTC worldwide. Few days ago, there was a news that Venezuelan government is now accepting bitcoins to renew passports and now Australian post offices are accepting BTC which is very encouraging. I hope to see more adoption in near future.

[taufik123]

Bitcoin adoption on a large scale makes bitcoin more popular and more widely known. The adoption of bitcoin at the Australian post office are some examples of the Australian government being serious about using bitcoin technology.

Australia recognizes that future technologies such as bitcoin need to be developed. Australia is one step ahead of the surrounding countries. Australia has cryptocurrency laws that are well regulated. The local government continues to work to create a safe & better place for the crypto community.

[Bitcoinislife09]

It looks like the massive adoption of Bitcoin has begun in Australia. The Aussie citizens can now deposit BTC at the post office due to the collaboration of Bitcoin.com.au and 3,500+ post offices in Australia.

What do you think of this move guys? Do you think other countries would follow suit? Or are there other countries before Australia who have implemented this in their own post offices as well?

This was posted by CoinTelegraph: https://cointelegraph.com/news/australians-can-now-pay-for-bitcoin-at-the-post-office

I would love to see it being implemented in the Philippines as well in the near future.

Bitcoin is becoming available in a lot of countries and a lot of companies are starting to accept bitcoin as a great asset. This is surely good news as Australia is now accepting bitcoin even at these post offices. I'm not expecting that even the government is going to accept bitcoin when it comes to some countries for sure bitcoin is not year acceptable as it is not yet popular or trusted by some of the countries. Recently a lot of articles online when bitcoin is becoming more accessible and accepted in a lot of countries I'm thinking it is possible that in the past year's bitcoin is surely going to be used in a lot of transactions or a top digital currency that is used.

Compared to our countries which bitcoin is not really having a good image I think it would really take a long time before bitcoin is completely accepted as a digital currency. There are already digital currencies that are used in some of the stores here but not cryptocurrencies as they are not handled by big companies.