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The new Bitcoin digital cryptocurrency has been gaining in popularity in Australia with both early adopters of the payment technology as well as those merchants that are willing to accept Bitcoin as payment for goods and services. The growing acceptance and popularity of spending for goods and services in Bitcoin have caused the development of some associated industries and business such as Bitcoin exchange merchants that allow people to swap their currency such as dollars, euros, or yen for Bitcoin. One of the advantages of denominating a portion of your cash in bitcoins Australia is that the currency itself varies mostly from other major world currencies since it is not vulnerable to reserve bank inflationary pressure and quantitative alleviating due to the fact that there are a fixed number of bitcoins that can ever be developed. This, nevertheless, would not decrease the capability to use bitcoins for transactions as the systems of currency can be divided down by 8 digits, or the hundred millionth decimal location.