While those of us in the United States are limited in how and where we purchase Bitcoin (let alone spend it), an Australian Bitcoin agency has reached into 4,000+ stores. This is great news for our friends down under that are interested in jumping into the Bitcoin world. Coin Loft, located in Melbourne Australia, now offers their customers the convenience of purchasing Bitcoin through the Flexepin service. This potentially opens Bitcoin use to millions of Australians.
The Flexepin service offers cash top-up vouchers in retail locations such as convenience stores, gas stations and even travel kiosks. This elevated exposure for Bitcoin can only be viewed as a good thing as the digital currency gains ground across the globe.
David Temple, Co-founder of Rhino Loft said: “We are excited to be making it even easier for Australians to own Bitcoin. The integration with Flexepin has instantly increased our reach and provides our users with another payment method to complete their purchase.”
Purchases of Bitcoin are limited to a minimum of $20 but no more than $500 each week, per customer. There are security measures that must be met prior to purchasing Bitcoin via Flexepin, nothing out of the ordinary versus opening a bank account.
A recent PwC report has identified more than 700 companies entering the blockchain FinTech space and states that 25 of these are likely to emerge as industry leaders. “Collaborating with other FinTech companies improves Australia’s ecosystem and ensures we can compete on a global stage. This partnership will further strengthen our Flexepin product and provide consumers with more options to engage in the digital field,” said Peter Cook, CEO of Novatti Group.
Bitcoin is picking up steam, sadly, most of that steam is not focused in the United States. This is disheartening because the USA used to be the place of innovation but as we have seen industry leaders rise, we have seen less innovation in those fields. Maybe Bitcoin is the thing to disrupt the norm enough to open up innovation again?