Buy Bitcoin at over 4,000 stores around Australia using Flexepin

Buy Bitcoin at over 4,000 stores around Australia using Flexepin

Coin Loft, an Australian Bitcoin agency, has empowered their customers to purchase Bitcoin using Flexepin from thousands of stores across Australia. Coin Loft’s service requires a Bitcoin purchaser to verify their identity.

Flexepin cash top-up vouchers can be purchased in retail outlets such as newsagents, convenience stores, petrol stations and travel kiosks. The unique 16-digit Flexepin code is then entered on the Coin Loft website to complete the Bitcoin purchase. Flexepin vouchers can be purchased in denominations ranging from $20 to $500.

Redemption via the Coin Loft website will exchange the Australian dollar value to the Bitcoin equivalent less commission and a voucher processing fee. The process requires customers to register using two different forms of identification to ensure a secure transfer occurs and lowers the risk of money laundering and fraud. Purchasing Bitcoin using Flexepin is also limited to $500 per week per customer.

David Temple, Co-founder of Rhino Loft said: “We are excited to be making it even easier for Australians to own Bitcoin. The integration with Flexepin has instantly increased our reach and provides our users with another payment method to complete their purchase”.

A recent PwC report has identified more than 700 companies entering the blockchain FinTech space and states that 25 of these are likely to emerge as industry leaders. “Collaborating with other FinTech companies improves Australia’s ecosystem and ensures we can compete on a global stage. This partnership will further strengthen our Flexepin product and provide consumers with more options to engage in the digital field” said Peter Cook, CEO of Novatti Group.

Both Coin Loft and Flexepin are headquartered and operational in Australia, and are expected to grow with new customer segments as a result of this partnership.

About Coin Loft:
Coin Loft is a registered business of Rhino Loft Pty Ltd. Rhino Loft was started in 2012 as a software solution provider. Coin Loft was established to provide Australians with a quick, easy and competitively priced service for purchasing bitcoin. Rhino Loft is an industry member of ADCCA, a supporter of the Bitcoin Foundation and an active participant in the Australian Bitcoin community.

About Flexepin:
Flexepin is a product owned and operated by Flexewallet Pty Ltd, a wholly owned subsidiary of the Novatti Group Ltd (ASX:NOV). Flexewallet holds an AFSL for Non-Cash Payments. Flexepin cash voucher is a prepaid voucher to make secure, hassle-free online payments. Flexepin can be purchased at a variety of locations and outlets globally, in various currencies and pre-determined dominations.

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