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flag ByteFederal Australia launches Bitcoin payment system ByteConnect, approved by ASIC, enabling secure, low-cost crypto payments via on-chain Bitcoin and Lightning Network for merchants across key industries.

flag ByteFederal Australia has launched ByteConnect, a Bitcoin-enabled payment system approved under ASIC’s Enhanced Regulatory Sandbox, allowing merchants to accept crypto payments via on-chain Bitcoin and the Lightning Network. flag The platform includes compliance features like AML and counter-terrorism financing controls, real-time monitoring, and a merchant dashboard with analytics and onboarding support. flag Targeting retail, hospitality, property, automotive, luxury goods, and professional services, ByteConnect aims to expand secure, low-cost digital payment options while aligning with Australia’s regulatory framework.

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