There’s no doubt that Bitcoin, as well as other cryptocurrencies are relatively new technology. And while the general public may be struggling to grapple with what it means, many are willing to learn and participate in its trading. Is bitcoin popular in Australia?Where to buy btc in Australia? More so than it used to be 5 years ago. And if the upward trend continues at this pace, it will be even more acceptable by the general population in the coming years. The world’s moving away from traditional paper more, with most currencies stored in digital cashless form, using cryptocurrencies isn’t stretching the cashless concept too far. Here’s why bitcoin is becoming even more popular in Australia today.
Reason for Bitcoin Popularity in Australia
- Many stores now accept bitcoin as a means of payment. So instead of using Australian dollars, you can just go into a store, use a Cryptocurrency POS and pay. Everything from supermarkets to Cafes and restaurants now accept bitcoin payments. If you’re looking for property, lots of luxury properties and car dealerships also accept bitcoin as a means of payment. With the rising popularity of cryptocurrency POS, it’s only a matter of time before it becomes a normal means of payment. Imagine being able to pay for pizza with your bitcoin.
- Apps like Coinmap, which show directions to all stores that accept bitcoin worldwide, are operational in Australia. And they’re becoming even more populated, thanks to both demand by bitcoin customers to stores to begin accepting cryptocurrencies, and the willingness of businesses to stay competitive by accepting cryptocurrencies.
- Lots and lots of cryptocurrency traders. With more exchangers popping up in every nook and cranny, it’s now easier than ever to convert fiat money to cryptocurrency. Thanks to its liquidity and low trading costs, more Australians than ever are willing to use cryptocurrencies. And this trend is only moving upwards.