Australian digital currency agency Coin Loft has announced the launch of their Flexepin bitcoin purchasing program. Australian consumers will be able to buy up to $500 worth of bitcoin at thousands of retail location across the continent.
Coin Loft is fully compliant with KYC rules and requires all customers to submit ID documents with every purchase. According to the release, once purchased, Flexepin 16-digit voucher codes can be redeemed for actual bitcoin at the Coin Loft portal:
“Customers need to register using two different forms of identification to ensure a secure transfer occurs and lowers the risk of money laundering and fraud. Purchasing Bitcoin using Flexepin is also limited to $500 per week per customer.”
Coin Loft, a subsidiary of software solutions firm Rhino Loft Pty Ltd, is a member of The Australian Digital Currency Commerce Association and a silver member of the Bitcoin Association. Co-founder of Rhino Loft, David Temple, launched Coin Loft to simplify the complexities of digital currencies for the average Australian.
Temple explained:
“We are excited to be making it even easier for Australians to own Bitcoin. The integration with Flexepin has instantly increased our reach and provides our users with another payment method to complete their purchase.”
The Flexepin voucher system – operated by Flexewallet Pty Ltd, a subsidiary of award-winning payments solutions company Novatti Group Ltd – has been successfully adopted by other bitcoin-related business as well. For instance, in March of this year, Canadian digital currency ATM manufacturer BitAccess, launched a Flexepin voucher system at 6000+ retail locations across Canada.
Peter Cook, CEO of Novatti Group, added that this partnership bodes well for the Australian digital currency economy, “Collaborating with other FinTech companies improves Australia’s ecosystem and ensures we can compete on a global stage.” said Cook.
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