AUSTRALIA COULD BE FORCED TO TAKE “UNCONVENTIONAL” METHODS TO SAVE THEIR ECONOMY – HOW YOU CAN SAFEGUARD YOUR FINANCES
The Reserve Bank of Australia (RBA) has exposed that in the very near future it could be forced into “unconventional” methods of trying to claim back the Australian economy and get it back on track. It has been suggested by the RBA that Australians, for the first time in history, could soon be paid to borrow money from the banks in order to stimulate and recover the economy. RBA Governor, Phillip Lowe, explained to the governments standing economic committee on Friday, that the bank was now considering “unconventional” approaches in order to get the country moving forward in a positive …
AUSTRALIA SET TO LIMIT CASH PAYMENTS BUT NOT CRYPTOCURRENCY
Australia’s Department of Treasury has recently published a new set of guidelines under the Currency (Restrictions on the Use of Cash) Act 2019, and it is not surprising to see that cryptocurrency has made the exceptions list. The draft legislation, which puts forward a new set of preliminary guidelines that govern the size of cash based currency payments, proposes that a, “Payment limit of $10,000 for payments made or accepted by businesses for good and services.” Further stipulating in the draft that, “Transactions equal to, or in excess of this amount would need to be made using the electronic payment …
TOP 10 BITCOIN-FRIENDLY COUNTRIES
A cryptocurrency is just one of the many ways you can make a transaction in a marketplace, and the ability to carry out the payment depends on the acceptance of such a system and many factors including, but no limited to Internet access and societies recognition of digital payment options compared to physical fiat currencies. To break it down into simple terms, Bitcoin’s (BTC) decentralised network allows users to transact directly, peer to peer, without the need for a middleman to manage the exchange of the funds. By allowing this and having this option available is increases system efficiency and …
TOP PLUMBING COMPANY ON THE GOLD COAST NOW ACCEPTS CRYPTO
Tomkinson Plumbing and Gas, the leading company on the Gold Coast, Australia for all things plumbing is the latest industry frontrunner to announce that they now accept crypto as a cash alternative payment solution. You can now pay for your plumbing services with Bitcoin. Company owner and operator, Ben Tomkinson, has opened up the payment gateway to ensure that all customers have a stress free and secure payment option available to them 24/7. “Yes we accept Bitcoin, we are staying ahead of the game”. This is a progressive step forward for the Gold Coast based plumbing company, following in the …
Australian Mansion Will Go Under The Hammer In World-First Live Crypto Property Auction
In a world first, Australia is set to host a live property auction where prospective online buyers and bidders are being asked to pay for their purchase in cryptocurrency, not cash. “It’ll be the first of its kind for a live bidding,” stated listing agent, Nick Witheriff, from LJ Hooker Kingscliff. The property, which is being dubbed the “Jetsons House” due to its futuristic architecture, is a beachfront home located in the northern NSW town of Casuarina. With bidders already registered, both internationally and locally the property will go to auction online on the 8th April 2019, and is expected …
Life Made Easier For Australians
Living Room of Satoshi has just launched its latest technology, making life for Australians that much easier. You can now pay for any Australian bill, including your rent instantly using your chosen crypto currency, in one easy step. Simply go to the Living Room of Satoshi website, choose one of three options; pay BPAY bill, pay to credit card or pay to Bank Account, enter the details required and click submit. You will even be rewarded for paying your bills with crypto, and will automatically collect one point for every $1 spent on all bills and payments. You then have …
Australia Set To Become Worlds Next Crypto Currency Hub After Banks Exposed
The Royal Commission has released their report into the misconduct in the Australian Banking and Super Annuation sectors and their findings are nothing short of an absolute disgrace to the financial treatment of Australians. Commissioner Kenneth Hayne yesterday finally delivered his findings to the public after an extensive investigation, which was originally opposed and put off by the Australian Government for the last 16 months. So, what did Hayne expose? Evidence of 100s of millions of dollars being taken from Australians through the charging of fees but offering no service, misleading customers and charging dead people, just as a few …
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