Quote from: stompix on February 09, 2018, 09:11:05 PM

Quote from: silent17 on February 09, 2018, 07:26:29 PM

As the title said,
Some of the important Banks in Australia is allowing their customer to purchase cryptocurrency using their Bank account. Because of this, bitcoin can now be easily purchased in Australia.
Reference Link: https://usethebitcoin.com/australian-bank-allow-customers-purchase-cryptocurrencies/

I think this will be the start, hopefully, other banks around the world will follow so we will have a convenient way to buy and selling cryptocurrency to fiat.

Talking about non-news

Quote

ANZ and Westpac, two of the most important banks in Australia are opened to cryptocurrencies. They announced that they will allow customers to freely purchase bitcoin and other digital currencies or accepting them as a form of payment. What the bank will keep doing is protecting customers against potential fraud and other possible scams.

An ANZ spokesperson has explained that they do not provide support or banking services to unregulated businesses like cryptocurrency exchanges or issuers. Westpac has also taken a similar stance with regards to its customers. They will allow them to buy cryptocurrencies with credit cards, but they did not comment on whether the bank was thinking about a prohibitive policy.

They will let you transfer funds to an exchange via your bank account.

Or let me put it this way:
"They will allow you to use your money how you want!!!".
Indeed, a milestone! /s

Like visa debit cards and credit cards, they can directly transfer money like forex trading & binary options tradings. Banks can have a higher fee for the transfer of money to exchangers which they can profit also. This is a good news because. Hope the FUD will be lessen with this positive media feedbacks.