By James Stewart, Business Insider This week, the world’s largest bitcoin ATM maker announced it is expanding its operations to Australia.
The Australian Bitcoin Association has been working with the firm since late 2016, when it first announced it would open its doors to Australia’s small and medium sized businesses.
The new Australian branch, which is currently based in Melbourne, will now open in January, and will allow users to send bitcoin directly from their mobile phones.
Users can send up to $1,000 worth of bitcoin per month.
“The aim is to build a strong network of small businesses to help them scale up and grow,” said David McWilliams, head of operations for the Australian Bitcoin Assn.
“That means that if a small business wants to launch a business in Australia, they can get support from the Bitcoin Association.”
Bitcoin is a form of digital currency that allows users to store and transfer value using a public ledger.
It has a low transaction cost, is not controlled by a central authority and has a peer-to-peer nature.
Bitcoin transactions can take place on any computer network, so the ability to send or receive money on the Bitcoin network is limited.
“We’ve seen a lot of interest from businesses in Australia who are interested in the technology and we’re delighted that they’re now able to offer it to them,” said McWilliams.
Bitcoin is an innovative payment technology that has become increasingly popular since it first became available in 2013, when the first Bitcoin ATM was launched in London.
Since then, the cryptocurrency has exploded in popularity.
It’s now valued at more than $600 billion.
The rise in popularity has made it one of the fastest-growing forms of digital money in the world, accounting for more than half of all digital currency transactions.
According to McWilliams and his team, the company plans to expand its operation to other countries in the coming years.
In a statement, Bitcoin Association CEO, Andrew Gentry, said that the new Australian operation would be the first to expand to the UK and the US.
He added that the ATM is intended to be an easy-to use, secure, and fast way for businesses to accept Bitcoin.
“Bitcoin has exploded as a way of payment for many individuals and businesses in the last year, and now more than ever we’re proud to have an Australian branch in Australia to support our growing network of merchants and investors in the new digital currency era,” he said.
Bitcoin has been growing in popularity in Australia.
In October 2016, it was valued at just $1 in Australian dollars.
Bitcoin was initially created by an anonymous programmer who dubbed it Bitcoin Cash, a reference to a Bitcoin wallet software he created that is incompatible with Bitcoin.