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#Binance Now Lets Australians Purchase Bitcoin With Cash in Over 1, 300 Shops



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Cryptocurrency exchange Binance has revealed a new platform in Australia which allows users to buy bitcoin with cash from high-street stores.

 Launching the news on Wednesday, Binance said the new gateway, called Binance En and Australia, is cash-to-bitcoin broker agent service accessible through a network of 1, 300-plus supported newsagents across the country.

 The platform presently provides the option to buy the only bitcoin using Aussie dollars (AUD), but the exchange said its programs to support more cryptocurrencies and fiat options in the future.
Once users have carried out an account verification processes, they can place an order to buy bitcoin online, deposit cash at the nearest newsagent and receive crypto “within minutes, ” based on the announcement.

 Binance Lite Australia charges a 5 % transaction charge plus goods and services tax (GST) on all bitcoin purchases.

 Binance CFO Wei Zhou declared that the new platform further expands cryptocurrency adoption “by providing easier ways to buy bitcoin. ” He added that the exchange will in future offer more fiat-to-cryptocurrency gateways around the world.

 Binance has been quickly growing its procedures globally. In January, it launched a fiat-to-crypto exchange on the island of Jersey, a British self-governing dependency, allowing users to industry bitcoin and ethereum against the British pound and the euro. Last June, the exchange also launched a fiat-to-crypto exchange in Uganda.

 Recently, Binance as well as official wallet, Trust Budget, moved to allow users to buy cryptocurrencies with credit cards, through a collaboration with Israel-based payments processor Simplex.

 France-based crypto new venture Keplerk similarly partnered with local tobacco retailers to sell bitcoin through their stores in November.

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