Exciting news! We have just listed Shiba Inu (SHIB)

Like, comment or tag a friend for a chance to win $100 of SHIB

T&C's apply*#bitcoin #crypto #shibainu #shib pic.twitter.com/8woDkN06YH

— Bitcoin.com.au (@bitcoin_com_au) March 25, 2024

Read Also: Australians Can Now Use Crypto to Buy Fuel and Other Goods via Crypto.Com

A Trusted Platform for Australian Crypto Investors

Founded in 2015, Bitcoin.com.au is a veteran digital asset trading platform serving approximately 300,000 Australian customers.

It boasts a robust selection of cryptocurrencies, including industry leaders like Bitcoin (BTC) alongside altcoins such as Aave (AAVE), Basic Attention Token (BAT), Bitcoin Cash (BCH), Compound (COMP), and Dai (DAI). Notably, Bitcoin.com.au also offers Dogecoin (DOGE), the forerunner of the meme coin community.

SHIB Joins the Ranks: Expanding Options for Australian Investors

The listing of SHIB on Bitcoin.com.au comes after CoinJar, Australia’s longest-running digital asset exchange, introduced support for the meme coin in December 2021. This underscores the growing popularity of SHIB among Australian cryptocurrency investors.

Interestingly, a survey conducted during the previous bull market indicated that SHIB even surpassed established players like XRP and Cardano in terms of recognition within the Australian market. SHIB is trading at 0.00003041, according to Coinmarketcap with a 2.77% increase in the last 24 hours.

Australian Regulatory Landscape for Cryptocurrencies

The Australian government is actively shaping the regulatory environment for cryptocurrency trading platforms. In late 2023, a proposal was introduced requiring these platforms to obtain licenses from the Australian Securities and Investments Commission (ASIC), the country’s financial services regulator.

This regulatory framework aims to enhance consumer protection and prevent potential collapses of digital asset platforms by establishing stricter oversight and outlining minimum operational standards.

While Senator Andrew Bragg, a prominent figure in Australian politics, has voiced criticism regarding the perceived delay in implementing crypto regulations by the current government, his proposed bill was ultimately rejected.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: XRP Lawsuit: Top Australian Lawyer Found No Error in Judge Torres Ruling, Deaton Willing to Bet

Reasons cited for the rejection included a lack of comprehensive details, concerns about alignment with international regulations, and potential negative consequences for the nascent Australian cryptocurrency industry. The listing of SHIB on Bitcoin.com.au signifies a significant step towards wider adoption of the meme coin within the Australian cryptocurrency market.

With established platforms embracing SHIB, Australian investors now have greater access to this digital asset. However, the evolving regulatory landscape in Australia presents both opportunities and challenges for the future of SHIB and the broader crypto industry in the country.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Shiba Inu (SHIB) Wins Listing On Major Exchange appeared first on Times Tabloid.

According to the report, through the program, CryptoSpend Card users will be rewarded with up to 3% back in XRP within the same day of purchase.

Reacting to the new development, Andrew Grech, the CEO of CryptoSpend, stated that the XRP rewards program was introduced to add value to the company’s user base. He’s also delighted for being the first in the Australian market to launch an XRP rewards card program for crypto and fiat spenders.

Read Also: Ripple CTO David Schwartz Takes a Dig at Stellar Lumens to Show that XRP is Bigger than XLM

Andrew Grech said:

“This XRP rewards card program is all about bringing additional value to our customers and CryptoSpend cardholders. By rewarding CryptoSpend Card users up to 3% back in XRP through the CryptoSpend app on the same day they spend, it provides another fantastic value add for our customers.”

Growing Crypto Adoption in Australia

Grech also revealed that there is growing adoption of cryptocurrency in Australia. He said more Australians are using crypto for everyday items such as groceries, online shopping, and others.

“We have seen the popularity of Australians using crypto for their everyday spending increase massively. Not only have we seen a huge increase in people using the card for spending crypto, but we have also seen our repeat users increase daily,” Grech stated

CryptoSpend CEO said this implies that people are not only using crypto to pay for items in Australia, but they are also coming back for it on a daily basis. He thereby described the asset class as a new way for people who want to spend on consumer goods.

Read Also: XRP Adopted By Binance Card as Ripple Opens Blockchain Hub in Toronto

Why XRP Rewards Card Program is Unique?

According to the report, the XRP rewards card program is unique because users can top up and spend AUD off the CryptoSpend Card and still earn up to 3% back in XRP Rewards transactional sales.

Grech further described the partnership and rewards offering as great news for the company’s customers, including the aged ones:

“We have customers at 80-years of age who use their CryptoSpend Card to buy cakes and at the other end of the scale we have tech-savvy crypto traders who use our app regularly to buy and spend their preferred popular crypto. It’s no one size fits all. This partnership and rewards offering is great news for all of them.”

It should be noted that CryptoSpend had a strong start to the year despite the overall collapse of crypto prices in the market. The transactional card has been a breakthrough for the company and the people of Australia.

Follow us on Twitter, Facebook, Telegram, and Google News

The post First Australia’s XRP Rewards Card Program Launches. Here’s Why This Is Important appeared first on Times Tabloid.