What Is BitPOS?
This is said to be Australia’s newest Bitcoin and cryptocurrency, as well as one of the only ATM providers on the platform. They claim to be the countries longest running payment processor for Bitcoin.
How BitPOS Bitcoin & Crypto ATM Machine Payments Work
Apparently, the laws in Australia are changing and one of them is the Anti-money laundering and counter terrorism financing act of 2006 is one of them. It’s being updated to make it more effective and now because of it, cryptocurrencies in Australia are being given the same rules governing regular Australian Dollars.
This means that before you use your BitPOT ATM card on the continent, you’ll need to go through an identification process that gives you an identity for the system. And it will give you some different advantages, mainly being able to use the BitPOS ATM so you can buy as many cryptocurrencies as you want. If you’re interested in learning more, you can read the Amendment Bill on the company website to learn more about the way things are changing in the country.
And the thing is, if you wan to get ready for the law early on. You can register right now with Bitpos and also get a BitPOS ID. And why would you want to do that? Because each time you use you ATM card, the cheaper it will be. And besides that, the it’s safer for you from a legal standpoint.
As for the coin, the company has a major vision that is primarily based on two different principles. First, they are designed to make it super easy for people to spend cryptocurrency. And they’ve created a house payment system for the processing of thousands and thousands of transactions since the year of 2013.
They also want it to be simple for people to buy Bitcoin. And to make this happen, BITPOS has created a secure platform that is guaranteed to help make purchases in a matter of seconds. There is even a GPS Locator that will show you where the ATMs are. And you can see what the spot where they are looks like on a Google Street view.
The platform will essentially let you spend your bitcoin if you’re a customer or accept them if you’re a merchant. And they use technology that will allow you to put more energy into your business. The cryptocurrencies also make it easy to setup and send invoices through a fast-acting merchant portal, it’s said to take a matter of minutes.
Payments are fast as well and designed to provide excellent service. They are said to literally take a matter of seconds. The other cool thing is that you can use either dollars or bitcoins when using the BitPOS system.
The system is set up by the Australian government from the sound of it. And it’s too make it safer to use cryptocurrencies in the country as well as protect them from the wrong people being able to use it. If you’re an Australian citizen and into cryptocurrency, you can head over to bitpos.me and register for an ATM card right now.