The graphic accompanying the report in Coin Telegraph about the launch of a service where newsagents will be able to sell Bitcoin is, well, it’s hard to say. Check it out for yourself.
As for the news itself, it is big news in crypto currency circles with plant reporting the move.
CryptoNewsZ has more details in their report including this in the transaction process:
Firstly, an order needs to be created. Then one has to Deposit cash at any one of the 1300+ engaged newsagents across Australia. Only minutes later, the ordered bitcoin is received. One does not have to be an Australian citizen for placing an order on the website. But a residential proof with a valid Australian mobile number is necessary for performing the KYC. One also needs to be physically present in Australia for depositing cash at the newsagent stores.
For newsagents who are focussed on the agent side of the business, this new product line could be of interest.
As a Newsagent I sold 9k of Bitcoin in 4 trans in one day to a lady (plus earlier smaller trans). It all went Dubai. There were other Newsagencies involved, I guess half a million dollars. NSW Police became involved and it is now a police matter with the lady doing the transactions identified and now involved with Police (to her detriment, if you can’t do the time don’t do the crime).
I was going to post this where the included link led, howerver as I wasn’t on Twitter Faced Book etc It would not allow me to post till I joined which I do not wish to do.
The percentages on Blueshift are not worth it.
Peter