The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Massive Institution in Australia Fuels Bitcoin Adoption for 11 Million People

by Daily Hodl Staff
October 26, 2018
in Bitcoin

A 200 year old institution in Australia is fueling Bitcoin adoption for its huge customer base of more than eleven million people.

The country’s post office is offering a new digital identity service called Digital iD that can legally be used to make the process of signing up to local Bitcoin exchanges quick and painless. Users no longer have to upload selfies and wait days for verification.

As first reported by the local news outlet Mickey, Australians can use Digital iD to get onto an exchange within minutes.

“Digital iD gives people more control over the personal data they share with organizations,” says Digital iD general manager Cameron Gough. “For example, most people hand over their driver’s license to prove they can legally go to a bar, but all that is needed is a name and birth date – not that information plus your full residential address.”

The first Bitcoin business to adopt Digital iD is the Brisbane-based Bitcoin exchange Digital Surge, which told us that the service is currently up and running. It also works with Australian companies Coinjar and Coinloft.

This is one of many advances Australia has made in the blockchain space.

Whether it’s the influx of Bitcoin ATMs, experiments with smart city technology, or the $750 million partnership with IBM to accelerate emerging technologies such as AI and blockchain, it’s clear Australia aims to be a leader in the cryptosphere.

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
[the_ad id="42537"] [the_ad id="42536"]
Submit a Press Release

Industry Announcements

  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$38,796.39
$38,796.39
2.74%
Ethereum
$2,093.87
$2,093.87
2.68%
Cardano
$0.383894
$0.383894
2.2%
XRP
$0.610607
$0.610607
1.21%
Dogecoin
$0.083332
$0.083332
0.09%

Spotlight

  • Bitcoin (BTC) Could Explode by Over 400% As ‘Major Risk-On Move’ Looms, According to Glassnode Co-Founders
    November 24, 2023
  • Trader Says Ethereum-Based Altcoin Looking Massively Bullish, Updates Outlook on Polygon, Chainlink and XRP
    November 24, 2023
  • Someone Just Paid $3,140,000 in Bitcoin Fees for a Single BTC Transaction: On-Chain Data
    November 24, 2023
  • Crypto Analyst Says Ethereum Competitor Solana Primed To Surge by at Least 70% – Here’s the Timeline
    November 24, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl