“In Australia, where excessive bank profits and fees are universally resented, Bitcoin’s ‘dramatically lower’ transaction fees stand to win wide appeal. The Old Fitzroy pub, which accepted its first bitcoin in September, was the first Australian bricks-and-mortar business to use the currency. In Melbourne, St Kilda businesses cafe imbiss25 and music, fashion and jewellery store Eclectico now accept the bitcoin. So too do food and vegetable supplier Earth and Sky Organics, and Oakleigh South all-terrain vehicle manufacturer Tomcar. There is a way for merchants to avoid the bitcoin’s volatility by signing up to Australian company Bitpos.”
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