Spend Bitcoins

From Bitcoin Wiki
Jump to navigation Jump to search

Spend Bitcoins (also referenced as SpendBitcoins) was an Australian service that bought and sold bitcoin and offered cash-out paths into bank transfers, bill payment, and gift cards. It is distinct from Spendbitcoins.com, a merchant directory, and from BitSpend / bitspend.net, a different 2013 merchant service.[1]

Buy

AUD

Historical rails included cash deposit at NAB, Commonwealth Bank, Westpac and ANZ.

Sell

Historical cash-out paths included:

  • Online payments where the customer supplied a URL and the service made the payment
  • Bank transfer (AUD) to NAB, Commonwealth Bank, Westpac and ANZ
  • International bank wire transfer
  • AustPost reloadable VISA (AUD)
  • Australian bill-payment services

Gift cards

Historical gift-card paths included Fishpond eCodes (AUD) and Coles Myer Group physical cards redeemable at Coles Myer stores and related Australian retailers.

History

The service was launched on May 18, 2011[2]. Also sometimes referenced as SpendBitcoins.

On August 7th, 2012, the service stopped support for U.S. retailers, citing the costs due to regulatory obstacles[3].

See also

External links

References