Digital currency exchange Binance announced on 20 March the launch of Binance Lite Australia. The platform allows a seamless way to buy Bitcoin with cash in the land down under.
Binance commenced by highlighting that Binance Lite Australia signals Binance’s first fiat gateway on the continent. Binance conveyed that the service provides a secure and reliable cash-to-bitcoin brokerage service. This is enabled through a network of over 1,300 supported newsagents across Australia. Binance Lite is operated by InvestbyBit, an independently operated subsidiary of Binance.
Binance informed that Binance Lite Australia currently offers the option to buy bitcoin in Australia using Australian dollar (AUD). There are plans to support more digital coins and fiat purchasing options in the future. Binance averred that the gateway provides easy usability and further supplements cryptocurrency adoption in Australia.
Wei Zhou, Binance Chief Financial Officer, cited –
“Binance Lite Australia further expands digital currency adoption by providing easier ways to buy bitcoin. We are excited to continue to roll out more fiat to crypto gateways around the world to support the growth of our industry. We firmly believe that more adoption will lead to more innovation and more economic opportunities.”
Binance conveyed that after an account verification on the Binance Lite portal, the users can place an order online. After depositing cash at the nearest newsagent store, customers can own crypto within minutes. Binance emphasized that Binance Lite Australia is marked by its easy usability and advanced order processing technology.
Binance further added that in January the exchange integrated credit card payments and launched a fiat-to-cryptocurrency exchange. This offering featured zero deposit fees and one of the most economical exchanges for trading Euros (EUR) or British Pounds (GBP) with Bitcoin (BTC) and Ethereum (ETH).
Binance sustained that fiat gateways launched by Binance also includes Binance Uganda, an exchange that supports the trade of Ugandan Shillings for the cryptocurrency. Binance also touched upon its investment of 2.5 million U.S. dollars in TravelbyBit, an Australian Bitcoin travel startup. This startup offers global travel booking services via cryptocurrency payments.
Binance concluded by capturing Wei’s insight that Australia has always been at the forefront to accept blockchain technologies. Wei added that with Binance Lite Australia, the endeavor of the continent would be further supported.