Bitcoin Continues To Rise In This Country!

In News
Bitcoin Rise

Bitcoin is still being used in this country.

We all know that the past few days had been one of the critical moments for Bitcoin. There were a lot of segwits, forks, and regulations happening round the world. There are also huge countries turning their backs on cryptocurrencies. There were a lot of negative events that luckily changed the leading crypto to become even stronger and more resilient.

Yes! Despite all those, Bitcoin was still able to rise and reach new higher prices! And more countries still trust the crypto, just like Australia.

Bitcoin has sustained its growing acceptance as a ‘complementary’ currency to the official monetary systems around the world as of mid-November 2017. In Australia, for example, an increasing number of Bitcoin automated teller machines (ATM) are being installed around the country due to its continuous popularity as an online currency.

The installation of ATMs around Australia will give opportunities to Bitcoin owners to exchange their virtual currency for cash. This will result in a seamless transition from virtual to real money.

How does it sustain its growth?

There are many positive features of Bitcoin that attract a growing number of users to the number one digital currency.

One major draw is the ability for users to remain anonymous while conducting their transactions.

Once a user has already created an account to the Bitcoin system called the Blockchain, he/she can already create any number of ‘addresses’ that he/she can use in their sales and purchases.

Another attractive feature of the virtual currency is that there is no need for a third party or a middleman to effectively complete a transaction. This is because Bitcoin users can transact directly with each other. As compared to banks, which charge their customers in withdrawing and managing their own funds, Bitcoin transactions are marginally lower when compared to bank fees.

For investors, the phenomenal performance of Bitcoin’s price in the financial market provides an opportunity for them to buy or sell the virtual currency for high profits.

There is a very promising future for Bitcoin and other digital currencies in Australia based on the growing number of Bitcoin ATMs being established across the country at a time when bank closures are being reported around the nation.

These closures show that an increasing number of people are already favoring online banking and there is already a significant decline in the use of cash by consumers.

It is, indeed, interesting to see whether Bitcoin will continue its expansion in Australia and around the world in the near term.

via Cointelegraph


You may also read!

Cryptocurrency

Chief Means of Exchange for Cryptocurrency Transaction

South Korean won is one of the major currency used for virtual currency transactions. (flickr/Karl Baron)   South Korea

Read More...
Blockchain

How Blockchain Promotes Win-Win Situation Between Advertisers and Consumers

The world is now in the era where almost everything is dominated by technology such as robot employees, electric

Read More...
Cryptocurrency Market

South Korean Cryptocurrency Market is Booming with Possibilities

Bitcoin has been performing well and has reached an all-time-high while some of its counterparts gain a little loss.

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu