CoinJar is the Aussie enterprise bringing Bitcoin into the everyday realm

Although Bitcoin is one of the most widespread Internet currencies, it can seem intangible compared to EFTPOS or cash.

CoinJar is a Bitcoin platform based in Melbourne which offers users a seamless way to pay for anything with digital currency. Making use of an EFTPOS card means that CoinJar isn’t only for online purchases, but can give consumers more choice about their daily purchases.

With the core intention of transforming the way money flows within and between communities, CoinJar is used by 70,000 customers worldwide. Techly spoke to Asher Tan, the co-founder and CEO of CoinJar, about what makes the Aussie Bitcoin biz tick.

Explain what CoinJar does, and why young Aussies should take notice.

CoinJar is a digital currency account that allows you to sell, buy, and transact in Bitcoin. We have features such as a Bitcoin-enabled debit card that make holding even a small amount of digital currency useful.

Young Australians who spend a lot of time online will see the inherent value of digital currency both as a form of payment and store of value that is borderless and decentralised – just like the internet.

How did CoinJar start?

CoinJar started as an idea in Melbourne-based accelerator program Angelcube (now Slingshot). In our first three months, the team worked through various iterations of a consumer Bitcoin platform which then became CoinJar.

What’s been the most challenging & most rewarding aspect of running an innovative business in Australia?

The challenges are numerous and I would likely fill several tomes if I listed down every hurdle we’ve faced.

On the flipside, the Australian technology sector is still in its formative stages and the spirit of collaboration to build an ecosystem (incubators, investors, start-ups, mentors) really resonates. The idea that we are all in this together is also encouraging especially when facing challenges.

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Source: CoinJar is the Aussie enterprise bringing Bitcoin into the everyday realm – Techly