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One of the major world’s exchange has announced the launch of its new platform dubbed Lite Australia. It will provide Australian residents with an extremely easy way to purchase using cash. Initially, it will be possible to buy only one crypto – .
What Binance Lite Australia Offers
The launch of Lite Australia is a new milestone for as it will be its first fiat gateway on the continent. The platform’s reliable and absolutely secure fiat-to- brokerage service is to be provided through a wide Newsagent network. Now, the network already includes over 1300 members across Australia.
Though at the current moment, there is only one option offered: people in Australia can use the services of the new platform to buy paying in AUD, the company is planning to add support for other digital and fiat currencies with a view to expanding the opportunities for its users.
Lite Australia is expected to reduce the gap that currently exists between fiat currencies and digital assets which will contribute to further in Australia.
Speaking about their new initiative, Wei Zhou, CFO, stated:
“ Lite Australia further expands digital currency by providing easier ways to buy . 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 will lead to more innovation and more economic opportunities.”
To use the services of Lite Australia it is necessary to go through a verification procedure on the official . After verification is completed, users get an opportunity to place their orders online. To deposit their cash, they need to visit the nearest Newsagent . Within several minutes crypto will be received.
Lite Australia is a secure and absolutely simple way to purchase crypto using cash. “Australia has been at the forefront of innovation, and we hope Lite Australia can play a role to help further this cause,” added Zhou.
Binance Bridges the Fiat-Crypto Gap
It’s far not the first, and as we can suppose, not the last initiative of aimed at facilitating the way people can interact with crypto using cash.
This year in January, it became known that had credit card payments on .com and launched a new exchange platform named .je which is a fiat-to- exchange. The exchange has no deposit fees and one of the lowest fees for Euros and British Pounds with and .
Moreover, Uganda exchange that allows of Ugandan Shillings for .
As for the activities of in Australia, in 2018, it supported TravelbyBit, an Australian travel startup having invested $2.5 million in it.
Published at Wed, 20 Mar 2019 01:46:42 +0000
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