Coinjar partners with EML for Aus first ETFPOS bitcoin solution

"Leading Australian bitcoin startup CoinJar has begun trialling Australia’s first bitcoin EFTPOS card, which co-founder and chief executive officer Asher Tan says is a “huge step” for adoption of the cryptocurrency in Australia.

Users open a CoinJar bitcoin wallet, activate the card, then they can set it up to automatically top up with an amount of Australian dollars they’re comfortable with. It effectively enables CoinJar users to use their Coinjar wallet funds in any store that accepts EFTPOS.

Customers can also manually top up their CoinJar Swipe if they prefer that to automation.

CoinJar teamed up with prepaid payments solution provider emerchants to develop the card."

From a PR point of view this is just further validation that EML are the guys you need to work with if you want a reloadable EFTPOS solution out there in the market. Coinjar isn't massive (yet) so can't see this having a huge impact on the bottom line, but really love seeing innovative startups working with other innovative startups.

Would love to see EML come out with a PR release on this one too. Bitcoins are a good story to sell to the media.

http://www.startupsmart.com.au/fina...-first-bitcoin-eftpos-card/2014091713234.html