Bitcoin to be sold in Australian newsstands over the counter

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Australians will soon be able to buy some Bitcoin along with the newspaper and a pack of gum.

Launching Thursday, a new initiative will help people buy Bitcoin with cash at around 1,200 newsagents nationally, Fairfax Media reported.

The project is being rolled out as a partnership between the retail network Blueshyft and Australian Bitcoin exchange, Bitcoin.com.au. Blueshyft’s technology already allows customers to connect in-store with the bookmaker Ladbrokes, among other services.

According to Rupert Hackett, general manager of Bitcoin.com.au, the joint venture should help promote trust in Bitcoin, which doesn’t exactly have the best reputation as a reliable place to put your money.  Read more…

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