CoinJar gives Aussies more Bitcoin Freedom with BPAY
Australia’s pioneering exchange CoinJar is set to add increased flexibility to its payment scheme by allowing users to purchase bitcoins with fiat via BPAY.
Australia’s pioneering exchange CoinJar is set to add increased flexibility to its payment scheme from May 10.
The exchange announced on its blog yesterday that customers will be able to purchase bitcoins with fiat via electronic payment system BPAY, increasing the functionality of its ‘Coinfiller’ feature.
Users wanting to purchase BTC currently need to input the recipient details themselves, which CoinJar says accounts for over 25% of customer queries.
“Topping-up Filler via bank deposit has been a difficult and confusing part of the CoinJar experience,” it adds in a blogpost about the upgrade. Now, a BPAY reference number and biller code will be all that is required for account top-ups.
CoinJar is also adding a regular deposit function to allow customers whose banks permit it to have their wallet balance automatically replenished.
In addition to the switch to BPAY, CoinJar has stated that it will no longer be accepting over-the-counter cash deposits as of May 10.
The move will complement existing operations by the colorfully-named Living Room of Satoshi, which allows payment of BPAY expenses such as electricity and gas bills with Bitcoin.