from and Australian Organisation called "COINJAR" and I can't wait to use it for the very first time ๐ค. Up until now I have mainly been researching and purchasing cryptocurrency to hold for the future but it's now time to take things to the next level and start spending Crypto! ๐.
Almost 3000 Bitcoin automatic teller machines will launch across Australia as part of a venture between an ATM operator and a blockchain service provider.
The joint venture between StarGroup and DigitalX will see 2900 existing ATMs across Australia equipped with technology that will allow Bitcoin enthusiasts to buy and sell the digital currency.
Source
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COINJAR OVERVIEW
CoinJar has notched up an impressive 70,000 + happy customers, mainly from Australia and the US, and it has processed more than $100 million transactions since start of business. The main focus of their operation is to deliver simplicity and security to it's customers. People who choose to use CoinJar's services which include exchange/payment and Bitcoin purchase services, are protected by multi-factor authentication process. In addition to having to entering their account passwords for transactions, all transactions will also be verified via SMS for better security. To ensure that no large scale digital currency theft or attack can take place under any circumstances, CoinJar keep the majority of their clientsโ digital holdings securely in offline storage.
It is a simple verification process to sign up for an account, and once to have added funds you can order your CoinJar Swipe Card and use it wherever they accept VISA payments. They also have a very low transactions fee of only 1%.!
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I personally give CoinJar the @crypto-expo tick of approval as reliable, trustworthy and credible service provider, especially for Australian and US citizens ๐
Check them out for yourself at www.CoinJar.com
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This has been an @crypto-expo Production, image'shave been sourced from Google images
Check them out for yourself at www.CoinJar.com
My problem with spending bitcoin via debit/credit cards is the continuing rising price of bitcoin. You could spend a dollar on a coffee and it would just be a 0.0001 btc transaction. But let's say in one year the price of bitcoin doubles. You end up having spent twice that money for that same coffee. Does that make sense? Hodl your coins!
It is all relevant to the value of Bitcoin at the time of purchase I believe. If people who are believers in Cryptocurrency do not spend Bitcoin or other Cryptocurrencies then how can we convince the masses that it is the future of monetary exchange? It is a huge issue. Thanks for your opinion @kingabelicio โบ
Great post. +1 to Coinjar. I have been with them for almost 3yrs. Ordered my credit card last week too. :-)
Awesome @memloc ๐ great to hear ๐