Binance will let you buy Bitcoin with cash from 1,300 stores in Australia

Binance says cryptocurrency fans in Australia will soon be able to purchase Bitcoin from over 1,300 supported Newsagents across the country.

The new service, “Binance Lite,” marks the first time the Malta-based exchange has managed to open a fiat gateway in Australia. While it will only support buying Bitcoin at launch, press materials say more digital currency and fiat options will be added in the future.

“Binance Lite Australia further expands digital currency adoption by providing easier ways to buy [Bitcoin],” said Wei Zhou, Binance CFO. “Australia has been at the forefront of blockchain innovation, and we hope Binance Lite Australia can play a role to help further this cause.”

Once users complete specialized account verification (read: Know-Your-Customer and Anti-Money-Laundering procedures), Binance says users will be able to place an order online, deposit cash at their nearest Newsagent store, and then receive their Bitcoin “within minutes.”

Binance has opened other fiat gateways lately, too, albeit in other parts of the world.

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Source: Binance will let you buy Bitcoin with cash from 1,300 stores in Australia