Litecoin cost aud
Updated August 22, A new ATM has opened in Canberra that accepts and exchanges the three major cryptocurrencies: Bitcoin, Dogecoin and Litecoin. The alternative online currencies are gaining traction nationally, with observers estimating there are close to 50, users in Australia. The ATM is the first of litecoin cost aud kind in Australia to trade all three digital currencies, but others have appeared in capital cities specifically for bitcoin users.
Alex Hume from the group behind setting up the new ATM, Bit2Bit, said more users and businesses were becoming interested in the online currencies. Chris Guzowski from the Australian Digital Currency Commerce Association said there are close to 1, Australian businesses that now accept the alternative currencies. The Australian Tax Office yesterday released guidance notes for bitcoinand said it would be taxed as a tangible asset but not as a currency. This has raised fears businesses trading in litecoin cost aud would be hit with the GST twice, once for the bitcoins and a second time for the services they offered.
Generally it's as instantaneous as an email and as cheap as an email It's quite similar to using a credit card, it's not quite as quick as cash in that there's a small process involved.
Despite this, Mr Guzowksi estimates there were about 50, people using bitcoin in Australia and that that number would grow. Chrissie Wittich runs a cafe in the centre of Canberra that has been accepting bitcoin for close to a year.
Ms Wittich said the system had drawn tech-savvy customers to her cafe and was user friendly for people on either side of the counter.
I have a tablet that's got the system on it, I just put in the Litecoin cost aud dollar amount and the system converts it to bitcoin [and] a QR code comes up, a customer puts their e-wallet up," she litecoin cost aud. Early adopters of cryptocurrencies like Matthew Dunstone believe litecoin cost aud is an exciting and underestimated technology. He said one of the greatest advantages of cryptocurrencies is that there are no litecoin cost aud exchange or transaction rates, as cypto-'money' litecoin cost aud need to pass through banks or change currencies if it is sent offshore.
Sometimes, some transactions can have a very, very small cost," he said. But Mr Clarke said recent variability in the exchange rate of the currency was worrying for users.
First posted August 21, More stories from Australian Capital Territory. If you have inside knowledge of a topic in the news, contact the ABC.
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