ByteConnect Launches Nationwide, Bringing Bitcoin Payments to Australian Merchants
- ByteFederal Australia is launching ByteConnect, a national Bitcoin payment terminal and online gateway specifically designed for retail and hospitality merchants.
- The rollout is regulated under ASIC’s Enhanced Regulatory Sandbox, ensuring the service operates within a legal and compliant framework for digital assets.
- The platform uses the Lightning Network to enable near-instant settlements and low transaction costs, making it practical for everyday, real-world purchases.
ByteFederal Australia said it will roll out ByteConnect nationally, a Bitcoin-enabled payment terminal and online payment gateway aimed at letting Australian merchants accept cryptocurrency.
The company said ByteConnect is being launched with ByteFederal Inc. in the United States and is being introduced through the Australian Securities and Investments Commission’s (ASIC) Enhanced Regulatory Sandbox. ByteFederal Australia said the sandbox provides a regulator-approved framework and sets the compliance parameters under which the service can operate.
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ByteConnect is positioned as an integrated in-store terminal and digital-asset payment gateway built for “real-world” merchant settings, with an initial focus on retail and hospitality. ByteFederal Australia said it is targeting adoption hurdles it sees in those sectors, including checkout speed and transaction efficiency.
The platform supports Bitcoin payments using both standard on-chain transactions and the Lightning Network.
Expanding Payment Optionality in Australia
Ace Gorgievski, ByteFederal Australia’s head of operations, said the rollout is meant to expand payment optionality for merchants while keeping a compliance-first model under ASIC’s sandbox rules.
This marks a significant step forward for Australia’s digital asset ecosystem. ByteConnect gives merchants access to next-generation payment infrastructure that enables broader payment optionality, improved operational efficiency, and the ability to support the use of digital assets in alignment with applicable regulatory requirements.
Ace Gorgievski, Head of Operations at ByteFederal Australia
The company said it is designed to support payments “across all payment values,” with an emphasis on speed, reliability, and lower transaction costs, letting merchants accept different payment sizes, with Lightning used for faster settlement and better scalability where needed.
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The post ByteConnect Launches Nationwide, Bringing Bitcoin Payments to Australian Merchants appeared first on Crypto News Australia.
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