haha we Aussies are way ahead of you guys. We already have COINSPOT exchange where we can buy STEEM with fiat and just transfer it to steemit.com.
However, cashing out we needed BLOCKTRADES or CHANGELY to convert STEEM to BTC, LTC or DOGECOIN to be transferred to our COINSPOT wallet.
Hey @jerrybanfield, have a look at LIVINGROOMOFSATOSHI.COM, you might get an idea as well.
We Aussies are using LIVINGROOMOFSATOSHI.COM to cash out our STEEM straight to our bank, pay bills, rent and mortgages and loans.
I have tried it and written a short review and tutorial for LIVINGROOMOFSATOSHI.COM, you might want to check it out HERE FOR THE PART 1 SHORT REVIEW and HERE FOR THE PART 2 SHORT TUTORIALS
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@webcoop wonderful thanks for letting us know about Coinspot!! Love it
you are welcome