Commonwealth Bank Bitcoin News

Comparing Bitcoin to Western Union, Currency Fair and Commonwealth Bank when sending money overseas.

Edit: Redoing the calculations after user yugegb pointed out an error in my calculations - turns out using bitcoin-central was only $3 more expensive than the cheapest alternative.
I recently posted this at http://forums.whirlpool.net.au/forum-replies.cfm?t=2100981&p=113#r2242
Having seen http://www.reddit.com/Bitcoin/comments/208smd/bitcoin_surpasses_western_union_in_daily/ this afternoon reminded me of this test.
An Experiment: Sending money overseas via different methods.
Hi All :) I decided to sit down and try to actually use Bitcoin for international payments. Here are the results..
Aim: Send 364.33 Euros to my partner in Ireland.
Options: Paypal, Commonwealth Bank, Bitcoin-Central, Bitstamp, CurrencyFair#, WesternUnion%
Additional: Bitcoins Purchased via CoinJar.
End Costs:
Paypal: $584.00
Commonwealth Bank: $616.82
Bitcoin-Central: $567.29
BitStamp: $589.60
CurrencyFair: $564.17 #
WesternUnion: $581.16 %
My Conclusion: At the time of this experiment (3:30pm 8/3/14) The combination of bitcoin-central and CoinJar was only $3 dearer than the nearest alternative. Bitcoin is actually competitive!
'# User 'demod' suggested CurrencyFair after I did this assessment – I have not tested this service. Calculation 5 hours beyond initial test.
'% Remembered Western Union. Calculation 6 hours beyond initial test. Optional instant cash transfer would add $20
Edit: Forgot the 2% buy fee on CoinJar – thanks 'Bixxus' – recalculated.
Working:
We want to send € 364.33
€ 1.00 = $1.53 AUD € 1.00 = $1.39 USD
Paypal: To send € 364.33 would cost $584.00 Inc. Fee € 1.32
CBA: To send € 364.33 would cost $616.82 Inc. Fee $22
CoinJar: 1BTC = $703.77 AUD Fee to buy 2% So actual cost is $717.85
BitcoinCentral 1BTC= € 465.00 Trading Fee 0.59% SEPA Fee € 0.99 To get € 367.47 Would cost 0.790264301 BTC Which is $567.29 AUD
BitStamp 1BTC= 620.16 USD Trading Fee 0.50% SEPA Fee € 0.90 To get € 367.06 Which is $509.36 USD Which is 0.821340015 BTC Which is $589.60
CurrencyFair: (#untested) To send € 364.33 would cost $564.17 Inc. Fee $4
WesternUnion To send € 364.33 would cost $581.16 Optional Instant Cash Fee $20 not included.
submitted by cccmikey to Bitcoin [link] [comments]

After closing the bank accounts of Bitcoiners (Bitcoin businesses), National Australia Bank & Commonwealth Bank of Australia joins the R3 project to design their own 'blockchain' protocol

After closing the bank accounts of Bitcoiners (Bitcoin businesses), National Australia Bank & Commonwealth Bank of Australia joins the R3 project to design their own 'blockchain' protocol submitted by Sherlockcoin to Bitcoin [link] [comments]

Commonwealth Bank of Australia closes PERSONAL accounts of bitcoin startup founders

I run a bitcoin startup and the PERSONAL accounts of my co-founders and I were closed yesterday. This happened without the bank informing us. They are also not giving us access to our PERSONAL money.
I can only say that CBA is now unfriendly not only to bitcoin but to Australian startups.
http://blog.coinjar.io/2013/08/14/your-australian-startup-should-bank-with-nab/
submitted by atmy to Bitcoin [link] [comments]

Commonwealth bank banning bitcoin purchase on credit cards as of 14/02/2018

Commonwealth bank banning bitcoin purchase on credit cards as of 14/02/2018 submitted by Drzayas to Bitcoin [link] [comments]

The Commonwealth Bank is jointly creating a CryptoCurrency (like Bitcoin)

The Commonwealth Bank is jointly creating a CryptoCurrency (like Bitcoin) submitted by _etoxin to australia [link] [comments]

Commonwealth Bank settles AU$110m blockchain bond #bitcoin #ethereum #btc https://t.co/15FvlY9LVD - Crypto Insider Info - Whales's

Posted at: August 24, 2018 at 06:08AM
By:
Commonwealth Bank settles AU$110m blockchain bond #bitcoin #ethereum #btc https://t.co/15FvlY9LVD
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submitted by cryptotradingbot to cryptobots [link] [comments]

Commonwealth Bank of Australia (CBA) to Launch First-ever Blockchain Bond • Live Bitcoin News

Commonwealth Bank of Australia (CBA) to Launch First-ever Blockchain Bond • Live Bitcoin News submitted by bitnewsbot to bitnewsbot [link] [comments]

Australia Commonwealth bank to embrace bitcoin and air miles as fintech goes mainstream

Australia Commonwealth bank to embrace bitcoin and air miles as fintech goes mainstream submitted by djleo to Bitcoin [link] [comments]

Commonwealth bank banning bitcoin purchase on credit cards as of 14/02/2018

Commonwealth bank banning bitcoin purchase on credit cards as of 14/02/2018 submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Commonwealth Bank of Australia (CBA) to Launch Fir... #blockchain #bitcoin #crypto blockchain innovation… https://t.co/NnNv0KiyOI - Crypto Insider Info - Whales's

Posted at: August 12, 2018 at 04:45AM
By:
Commonwealth Bank of Australia (CBA) to Launch Fir... #blockchain #bitcoin #crypto blockchain innovation… https://t.co/NnNv0KiyOI
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submitted by cryptotradingbot to cryptobots [link] [comments]

Commonwealth Bank hit with new class action over money-laundering breaches /r/Bitcoin

Commonwealth Bank hit with new class action over money-laundering breaches /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

"Rob Jesudason has just stepped down as Commonwealth Bank of Australia’s (CBA) Chief Financial Officer (CFO) to helm the chief operating officer position of Blockchain software company https://t.co/HX8rnA6utu. https://t.co/SXu1LN9msd" $btc $ltc $neo $eth #btc #bitcoin #crypt…

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

"Rob Jesudason, the CFO of Australia’s Commonwealth Bank resigns in order to become the group president and COO of EOS token developer https://t.co/HX8rnA6utu https://t.co/XPHZU6zzxW" $btc $ltc $neo $eth #btc #bitcoin #crypto #ethereum

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

Former CFO of Commonwealth Bank has signed on with founders of EOS [EOS... #cryptocurrency #bitcoin #eth… https://t.co/8Lbh6x7BQS - Crypto Insider Info - Whales's

Posted at: May 14, 2018 at 03:26PM
By:
Former CFO of Commonwealth Bank has signed on with founders of EOS [EOS... #cryptocurrency #bitcoin #eth… https://t.co/8Lbh6x7BQS
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
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submitted by cryptotradingbot to cryptobots [link] [comments]

One of Australia's Big 4 banks, Commonwealth Bank admits to losing financial statements of 20 million accounts /r/Bitcoin

One of Australia's Big 4 banks, Commonwealth Bank admits to losing financial statements of 20 million accounts /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

[uncensored-r/CryptoCurrency] Commonwealth Bank Baning Bitcoin Credit Card Purchases

The following post by Drzayas is being replicated because the post has been openly greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7xfai0
The open modlog reason it was greylisted as reported by /CryptoCurrency was: *Section 15B - Filtered for not meeting karma and/or age standards. *
The original post's content was as follows:
https://imgur.com/a/uohoY
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Commonwealth Bank Halts Payment Card-based Bitcoin Purchases Without Prior Warning

Commonwealth Bank Halts Payment Card-based Bitcoin Purchases Without Prior Warning submitted by bitnewsbot to bitnewsbot [link] [comments]

Commonwealth Bank to embrace Bitcoin and air miles as fintech goes mainstream

Commonwealth Bank to embrace Bitcoin and air miles as fintech goes mainstream submitted by digidollar to litecoin [link] [comments]

Bitcoin mentioned around Reddit: Commonwealth Bank announces $9.93 billion profit amid intelligent deposit machine scandal /r/australia

Bitcoin mentioned around Reddit: Commonwealth Bank announces $9.93 billion profit amid intelligent deposit machine scandal /australia submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Commonwealth Bank of Australia: Bitcoin is Overstated

Commonwealth Bank of Australia: Bitcoin is Overstated submitted by bitcoin_andylee to Bitcoin [link] [comments]

Chinese Bitcoin Exchange BTCC Stops Withdrawals for a Month - Commonwealth Bank Plans More Blockchain Investments in 2017 - BitSee: Check Crypto Prices on Your Watch - Finanzen.net Lists Bitcoin as Major Currency

submitted by cryptocompare to cryptocompare [link] [comments]

Financing a business - Bitcoin start-up calls out Commonwealth Bank on accounts suspended without warning or explanation

Financing a business - Bitcoin start-up calls out Commonwealth Bank on accounts suspended without warning or explanation submitted by xezirone to Bitcoin [link] [comments]

Who Created Bitcoin? Lorien Gamaroff Interview CBA Bans All Credit Card Crypto Purchases!! (Banks Getting Worried...) Commonwealth Bank 1997 Ad Commonwealth bank exposed again MKC1200 Video Project: CommBank's reduction of over-the-counter transactions

The Commonwealth Bank has banned its customers from buying bitcoin on credit cards after the recent plunge in the cryptocurrency's value, saying such purchases are no longer "appropriate." How the Commonwealth Bank helped a Bitcoin fraud suspect accused of laundering billions By Mario Christodoulou, Geoff Thompson and Benjamin Sveen . 25/09/2020. Analysis: Japan's ANA charts course ... Australia’s Biggest Bank: No to Bitcoin, Yes to Mafia Money Laundering. Wilma Woo Mar 31, 2018 08:00 . Share. Tweet. Send . Share. Commonwealth Bank of Australia (CBA) has come under fire after an investigation accused it of helping the Italian mafia launder money. Bank Suspends Corrupt Workers After Press ‘Questions’ CBA, the largest Australian listed company on the Australian ... Alexander Vinnik is in a world of trouble.Key points:FINCEN Files reveal the secret role of the Commonwealth Bank and an Australian foreign exchange broker in s How the Commonwealth Bank helped a Bitcoin fraud suspect accused of laundering billions - TheBitcoinDesk ‘Agile, Efficient and Transparent’ Australia’s Commonwealth Bank has successfully shipped and tracked seventeen tonnes of almonds in a blockchain-based collaboration with five domestic and international supply chain leaders. The platform used purportedly utilizes distributed ledger technology, smart contracts, and the internet of things (IoT).

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Who Created Bitcoin? Lorien Gamaroff Interview

They won't let you buy crypto, but gambling... that's no problem I highly recommend CoinSpot for cryptos including Bitcoin, Litecoin, Ethereum and countless more alt coins. Join safely, receive ... A short video for a Monash University marketing module, explaining the forces that have influenced Commonwealth Bank of Australia’s decision to remove over-the-counter cash transactions from ... Quite fun to use it :) If all banks in China can buy at least one for themselves, that will be great for the people there and quite connivence. Commonwealth Bank (CBA) have banned the purchase of digital currencies as of the 14th of February, 2018. At this stage they still allow purchases using debit cards. Banks are also getting nervous ... As Africa’s reputable Blockchain expert, he has addressed and advised the United Nations, IMF, World Bank, FBI, and Commonwealth Secretariat, the South African Reserve Bank, the Reserve Bank of ...

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