Australia’s BTC.com.au Offers New Crypto Debit Card to Use on 30,000 ATMs and 1 Million Payment Locations
Australia Joins the Crypto Card World – Crypto Credit Cards Now Available On Over 1 Million Payment Terminals And 30,000 ATMs
Cryptocurrencies are fast moving off the digital space and into the world of ATMs and Cards transactions, in Australia, at least. This is thanks in large part to a Sydney-based startup company that wants to change the way people use cryptocurrencies, while also shaking up the world of debit and credit cards.
How does it do this? By enabling people to use their cards on an ATM or within businesses throughout Australia with its line of cards. One of the advantages that it has over other companies involved in pre-loaded payment cards, BTC.com.au has announced its line of cards are completely free to acquire, meaning that consumers will not have to pay any kind of initial start-up fees whenever they need to top up.
Along with these cards providing a greater level of flexibility and accessibility for its users, any amount of cryptocurrency placed onto the card will be available for immediate use, meaning that users will not have to wait for an inordinate amount of time in order to make payments. It should be pointed out, however, that these cards do include a $4.99 fee on a monthly basis as a maintenance. For those that load $500 of more in crypto onto these cards will be refunded to them, which aims to incentivize more intensive use.
It has been a long term motivation of this company is to give Australian consumers more access to cryptocurrency, while also allowing it to be an easier inclusion to the everyday lives of people that wouldn't otherwise be exposed to crypto. This is according to a statement made by BTC.Com.au's CEO, Danny Ariti, who goes on to add that the adoption of the Bitcoin card has been far higher than initially expected – and has seen far more in the way of crypto users, including professionals as old as 80.
The cards include a very simple to follow the activation process which can be done the moment the user receives the card. The delivery process is also an incredibly fast one, taking roughly a day for users to receive the card they order online. For the moment, users are able to store a maximum cryptocurrency amount of $999 onto the card and, unfortunately for those outside of the Oceania region, these are only effective within Australia.
The New Opportunities And Horizons
Late 2017 and early 2018 were high watermark moments for the likes of Bitcoin and Ethereum, both being successful in reaching staggering new heights of $20,000 and nearly $1,000 respectively. While this was the case, Ariti believed that the bearish downturn that consumers had observed would enable them “to enter the marketplace at a price point that they are more likely to feel comfortable with.”
Getting involved in the world of cryptocurrency if you're newly initiated into the space can be a truly arduous journey, and one that can be difficult to wrap your head around. That's exactly why BTC.com.au provices its new users with an easy to understand and highly intuitive system of purchasing cryptocurrency. This is made possible thanks to an already existing partnership they took on with the BlueShyft network, meaning that users would be able to complete cryptocurrency purchases by using cash at over 1,200 competing stores and retail outlets across Australia.
An alternative to this system is for POLi transfers which can allow for the completion of purchases using conventional banking services and transactions.
BTC.com.au has also announced that it will make a move to allow people to pay utility bills or send money over to friends and family using cryptocurrency. The website allows for them to settle accounts with operators that allow for payments to be made using BPAY or to transfer funds to other participants in this kind of account.
A Brave New World
These cards, while also being perfectly fine for users to place into over 30,000 different ATMs across Australia, BTC.com.au's card will also be fine to use with existing EFTPOS systems. According to the Australian Payments Network, there are nearly one million of these in operation across the country. When this is coupled with the more than 30,000 ATMs which are operating as of research conducted in September 2018. It means that there are a staggering number of pro-crypto mediums for making a payment or settling a bill using a cryptocurrency of the users choice.
The brokerage system that BTC.com.au provides is being put forward to those that are interested in putting cryptocurrency to use in their own lives, without all of the confusing jargon which they may believe follows shortly after any talk of Bitcoin or Ethereum.