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wilslaw

Australian Institution is fueling Blockchain adoption for 11 million people

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A massive Institution in Australia has fueled bitcoin adoption for its huge customer base having over 11 million people.

 

Digital iD is a new digital identity service offered by the country’s post office, which can legally be used to hasten the signing up of local bitcoin exchanges. Selfies don’t have to be uploaded by users anymore neither will they have to wait days for verification.

 

Mickey, a local news outlet first reported that Australians can get onto an exchange within minutes, using the Digital iD. Cameron Gough, the Digital iD general manager said: “Digital iD gives people more control over the personal data they share with organizations. For example, most people hand over their driver’s license to prove they can legally go to a bar, but all that is needed is a name and birth date – not that information plus your full residential address.”

 

The Brisbane-based bitcoin exchange digital surge happened to be the 1st bitcoin business to make use of Digital iD. They revealed that the service is currently functioning well. Also working with it are two Australian companies: Coinloft and Coinjar. This is one of the great achievements Australia has made in the blockchain space.

 

Whether it’s the experiments with smart city technology, or the influx of Bitcoin ATMs or its partnership with IBM worth $750 million to hasten emerging technologies like Blockchain and AI, it’s obvious that Australia hopes to be one of the leaders in the cryptocurrency world.
 

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