Right now there are about 16 Bitcoin ATMs in Australia that are located in the major cities. However, investors are willing to add a large network of 2900 more ATMs to be deployed all over the country, and if things go well – globally too.
The companies that are aiming at Bitcoin ATM domination are DigitalX (a blockchain startup) and Stargroup (ATM developer). Their next big step is creation of the software platform to service the future ATMs.
Using the ATMs-to-be users will be able to withdraw their Bitcoins as Australian dollars. The details (fee structure, privacy, etc) are not disclosed yet, but the venture looks extremely promising considering the profile background of both companies.