AUDD Available Through CoinFlip ATMs

The addition of Australian Digital Dollar (AUDD) to CoinFlip ATMs marks a significant milestone in the digital currency ecosystem in Australia. Stablecoins like AUDD play a crucial role in the digital economy, offering stability and trust in a sometimes-volatile market, and by using CoinFlip services users now have a stable and reliable option to acquire AUDD. 

Want to buy AUDD right now? Find your local CoinFlip ATM or call our team of crypto experts at CoinFlip Preferred.  

What is AUDD? 

AUDD is a stablecoin fully backed 1:1 by Australian Dollars. It is available on multiple blockchains, including Ethereum, Stellar, and XRP Ledger. AUDD is accessible globally, 24/7. This helps enable seamless international transactions without the typical delays often experienced when using traditional from bank transfers. 

AUDD uses distributed blockchain technology to provide security and traceability. A quorum of connected but independent verifiers (also called nodes) maintain the network and each transaction is recorded on the blockchain, providing a public ledger that is immutable and verifiable by anyone with an Internet connection. This transparency allows users to trace the history of their transactions, ensuring that all movements of AUDD are visible and accounted for. Once a transaction is recorded on the blockchain, it cannot be altered or deleted. To track a transaction, all you need is a blockchain explorer for whichever ledgers AUDD appears on.  

Customers can use physical AUD to purchase AUDD at CoinFlip ATMs and deposit it directly into their CoinFlip Digital Wallet, converting AUD to AUDD instantly. This provides a direct link between Australian cash dollars and digital currency, simplifying the cryptocurrency on-ramp process. To make it even easier, CoinFlip offers round-the-clock customer support by phone or online. The Support team can also answer questions about wallets and other crypto-related topics. 

Benefits for Businesses 

Businesses can use AUDD to track payments to their vendors and review the public blockchain to verify transactions. Since anybody can audit the ledger, disputes can be resolved with transparency and fairness. For international businesses, AUDD simplifies cross-border payments by presenting values in dominations of the Australian dollar, so if you spend 15 AUDD you know its value in Australian dollars without consulting a chart. If your AUDD is not being actively used to trade, you can store corporate funds in AUDD as a stable digital asset, reducing exposure to volatility. And for the tech-savvy finance departments, AUDD provides a safe entry into DeFi platforms for lending, borrowing, and yield farming with minimal volatility. 

Benefits for Individuals 

Individuals can use AUDD for purchases with participating retailers. AUDD also offers an efficient solution for sending money internationally, as transfers from one wallet to another typically take a few seconds. When not being used for payments or transfers, AUDD serves as a hedge against the volatility of traditional cryptocurrencies, providing a secure and more stable asset for traders and investors, or regular people who just want to be their own bank. 

How to Buy AUDD 

Purchase AUDD with cash through your local CoinFlip ATM or buy with a wire transfer through CoinFlip Preferred. AUDD is compatible with several major crypto wallets, or you can use the AUDD-branded wallet from their website. Buying AUDD through CoinFlip is a great way to enter the digital currency ecosystem in a stable, secure, and efficient way.