AUSTRALIAN PAYMENTS GIANT EFTPOS BECOMES HEDERA NODE OPERATOR

In a significant move bridging traditional finance with distributed ledger technology, Australian payments giant Eftpos has announced its entry into the Hedera ecosystem.The company, responsible for operating Australia's national debit card processing infrastructure and the mobile payments app Beem It, is not only joining the Hedera Governing Council as its 17th member but will also operate the first Australian Hedera network node. Efptos, el principal operador nacional de infraestructuras de d bito de Australia, ha sido anunciado como nuevo miembro del Consejo de Administraci n de Hedera. Adem s de convertirse en el decimos ptimo miembro del Consejo, Eftpos tambi n se convertir en el primer operador de nodos de red de Hedera en Australia. Otros miembros delThis strategic partnership signals a growing interest in leveraging distributed ledger technology (DLT) for innovative payment solutions, particularly in the realm of micropayments.Eftpos joins a prestigious council that includes industry titans like Google, IBM, Boeing, and Deutsche Telekom, underscoring the potential impact of this collaboration on the future of digital payments.This announcement marks a crucial step for Hedera in expanding its global footprint and showcases Eftpos's commitment to exploring cutting-edge technologies to enhance the Australian payments landscape. SYDNEY, Australia and DALLAS, Jan. 27, 2025 /PRNewswire/ - Australian payments company, eftpos, which operates Australia's national debit card processing infrastructure and mobile payments appThe move positions Eftpos at the forefront of next-generation payment systems, ready to explore use cases that could revolutionize how Australians conduct business online. Finextra Research Australia's eftpos to set up Hedera Hashgraph node for micropayments News Cointelegraph Australian payments giant Eftpos becomes Hedera node operatorThis is more than just a partnership; it's a bold statement about the future of finance in Australia.

Eftpos and Hedera: A Partnership for the Future of Payments

The collaboration between Eftpos and Hedera is poised to reshape the landscape of digital payments in Australia and potentially beyond. Australian payments giant Eftpos becomes Hedera node operatorBy becoming a node operator and a member of the Hedera Governing Council, Eftpos is taking an active role in shaping the direction of the Hedera network and exploring its capabilities for a wide range of payment applications.

Why Hedera? Eftpos has joined Hedera s governing council after the two entities completed a successful micropayments pilot last year. ContinueExploring the Benefits of Distributed Ledger Technology

Hedera Hashgraph is a distributed ledger technology platform known for its speed, security, and energy efficiency. ladefi.comUnlike traditional blockchain systems, Hedera utilizes a unique consensus mechanism called Hashgraph, which enables faster transaction speeds and lower transaction fees.This makes it particularly well-suited for micropayments and other high-volume, low-value transactions. By joining the Hedera Governing Council and running the Australian node, alongside some of the world s largest and most influential companies, we are excited to participate in the development of next-generation micropayments technology that has the potential to open up entirely new ways of conducting business for Australian enterprises andEftpos’s interest stems from the potential of Hedera to support:

• Micropayments: Enabling small online payments for content, services, or device-to-device transactions.
• Enhanced Digital Payment Solutions: Integrating DLT to improve the speed, security, and transparency of existing payment systems.
• New Business Models: Opening up new possibilities for businesses to engage with customers through innovative payment models.

The Micropayments Pilot: A Glimpse into the Future

Eftpos and Hedera successfully completed a micropayments pilot program, demonstrating the feasibility and potential of the technology. Blockchain proponents claim that agricultural asset-backed tokens would make it easier for farmers in Argentina to attract investment and access liquidity amid a nationwide economic crisis.While specific details of the pilot remain confidential, the success of the project served as a catalyst for Eftpos to deepen its involvement with Hedera.

This successful pilot program acted as the springboard for the wider partnership, giving Eftpos the confidence to fully commit to becoming a node operator and joining the Hedera Governing Council. Eftpos has joined Hedera s governing council after the two entities completed a successful micropayments pilot last yearThe pilot allowed the two companies to test and refine the application of Hedera's technology to real-world payment scenarios, ultimately paving the way for more widespread adoption.

The Hedera Governing Council: A Decentralized Approach to Governance

The Hedera Governing Council is designed to be a highly decentralized governance model for a public distributed ledger.Members are responsible for governing the network, ensuring its stability, and guiding its future development. Debit cards have become the most popular payment choice in Australia. In 2025, debit payments accounted for 44% of all consumer payment methods, and in 2025 they accounted for 70% of the monthly electronic payments. Key drivers behind eftpos interest in Hedera are micropayments for small online payments or device to device transactionsThe council includes a diverse range of global organizations, representing various industries and sectors.

By joining the council, Eftpos gains a voice in shaping the future of the Hedera network and can contribute to its ongoing development. The Australian payments company, eftpos, which operates Australia s national debit card processing infrastructure and mobile payments app Beem It, has announced it has joined the Hedera Governing Council and will run the country s first Hedera network node this year. Designed to be the most decentralised governance model for a publicThis active participation allows Eftpos to align the network's roadmap with its own strategic goals and ensure that it continues to meet the evolving needs of the Australian payments landscape.

Who are the Other Members of the Hedera Governing Council?

The Hedera Governing Council boasts a diverse and influential membership, including some of the world's largest and most respected companies. Until Ethereum 2.0 proves it can do what it claims it can do, its full impact on DeFi and other applications remains to be determined.Here are a few notable members:

• Google: A leading technology company with a vast range of products and services.
• IBM: A global technology and consulting company known for its blockchain expertise.
• Boeing: A leading aerospace company involved in the development of advanced technologies.
• Deutsche Telekom: A major telecommunications provider in Europe.

The presence of these prominent organizations on the Hedera Governing Council underscores the platform's potential and its appeal to a wide range of industries.Eftpos joins a collaborative environment focused on fostering innovation and driving the adoption of DLT.

Eftpos in Australia: A Dominant Force in Debit Payments

Eftpos holds a significant position in the Australian payments market, processing a large portion of the country's debit card transactions. Sydney, Australia and Dallas, TX AM Thursday 28 January / 7:01AM Wednesday 27 January Australian payments company, eftpos, which operates Australia s national debit card processing infrastructure and mobile payments app Beem It, today announced it has joined the Hedera Governing Council and will run the country s first Hedera network node this year.Debit cards have become the most popular payment choice in Australia, accounting for a substantial share of all consumer payment methods.This dominant market position gives Eftpos a unique opportunity to introduce and promote new payment technologies to a large and receptive audience.

The Rise of Debit Payments in Australia

The popularity of debit cards in Australia has been steadily increasing, driven by factors such as convenience, security, and widespread acceptance. Australian payments giant Eftpos becomes Hedera node operator PANews ｜ 5:00 Eftpos has joined Hedera s governing council after the two entities completed a successful micropayments pilot last year.In recent years, debit payments have consistently accounted for a significant portion of all electronic payments, highlighting their importance to the Australian economy.

The growing preference for debit payments presents a significant opportunity for Eftpos to innovate and enhance its offerings. Eftpos ran a number of successful proofs of concept last year with Hedera, with CEO Stephen Benton saying the tests were aimed at enhancing the company's new digital payments innovation strategy.By leveraging DLT, Eftpos can potentially create new value-added services for merchants and consumers alike, further solidifying its position as a leader in the Australian payments market.

How Hedera Can Revolutionize Micropayments

One of the most promising applications of Hedera is in the realm of micropayments. Australia s national debit operator eftpos joins Hedera Governing Council cryptoninjas.net, UTC Add similar newsMicropayments are small online payments, typically for content, services, or device-to-device transactions.These payments are often too small to be economically viable with traditional payment systems due to high transaction fees.Hedera's low transaction fees and fast transaction speeds make it an ideal platform for enabling micropayments.

Examples of Micropayment Use Cases

The potential use cases for micropayments are vast and varied. Alongside becoming the 17th council member, Eftpos will also become Hedera s first network node operator in Australia. Other council members include Google, IBM, Boeing and Deutsche Telekom.Here are a few examples:

• Paying for individual articles online: Instead of subscribing to a news website, readers could pay a small fee to access individual articles.
• Tipping content creators: Viewers could tip their favorite streamers or YouTubers for their content.
• Paying for access to premium features in apps: Users could pay a small fee to unlock specific features within an app.
• Device-to-device payments: Devices could automatically pay each other for services, such as charging an electric vehicle.

These are just a few examples of how micropayments can revolutionize the way we interact with online content and services. 25 subscribers in the mrcryptolive community. Mr Crypto publish live cryptocurrency prices along with constantly updated statistics.By making it easier and more affordable to process small payments, Hedera can unlock new business models and create new opportunities for content creators and businesses.

Addressing Common Questions About Eftpos and Hedera

The partnership between Eftpos and Hedera raises several important questions. The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John OliverHere are some answers to address common inquiries:

What Does Becoming a Hedera Node Operator Mean?

Operating a Hedera network node involves running the software that validates transactions and maintains the integrity of the distributed ledger. Eftpos has joined Hedera s governing council after the two entities completed a successful micropayments pilot last year. Australia s top national debit infrastructure operator, Efptos, has been announced as the newest member of the Hedera Governing Council. Alongside becoming the 17th council member, Eftpos will also become Hedera s first network node operator in Australia. OtherAs a node operator, Eftpos plays a crucial role in ensuring the security and reliability of the Hedera network in Australia.This involves significant technical infrastructure and expertise, further demonstrating Eftpos's commitment to the project.

How Will This Affect Australian Consumers?

While the immediate impact on Australian consumers may not be readily apparent, the long-term benefits could be significant.By enabling micropayments and improving the efficiency of payment systems, this partnership could lead to lower transaction fees, new and innovative payment options, and a more seamless online experience.Ultimately, consumers could benefit from more choice, greater convenience, and enhanced security in their digital transactions.

What are the Long-Term Goals of This Partnership?

The long-term goals of this partnership are to explore the full potential of DLT for payments and to create new value for Australian businesses and consumers.This includes developing new payment solutions, fostering innovation in the Australian payments ecosystem, and positioning Australia as a leader in the adoption of DLT for financial services.Eftpos aims to be at the forefront of this technological shift, shaping the future of payments in Australia and beyond.

The Technical Aspects of Running a Hedera Node

Operating a Hedera node is a complex undertaking that requires significant technical expertise and resources.The node operator is responsible for ensuring the node is properly configured, maintained, and secured.This involves tasks such as:

• Software Installation and Configuration: Installing and configuring the Hedera node software on suitable hardware.
• Network Connectivity: Maintaining a reliable and high-bandwidth network connection.
• Security Management: Implementing security measures to protect the node from cyber threats.
• Performance Monitoring: Monitoring the node's performance and ensuring it is operating optimally.
• Software Updates: Staying up-to-date with the latest software updates and security patches.

Eftpos's decision to become a node operator demonstrates its commitment to the Hedera network and its willingness to invest the resources necessary to support its growth and development.

The Future of Payments in Australia: A DLT-Driven Revolution?

The partnership between Eftpos and Hedera represents a significant step towards the adoption of DLT in the Australian payments landscape.While DLT is still a relatively new technology, it has the potential to revolutionize the way we conduct financial transactions.By embracing DLT, Eftpos is positioning itself as a leader in the future of payments.

The Potential Impact on Traditional Financial Institutions

The growing adoption of DLT could have a significant impact on traditional financial institutions.As DLT-based payment systems become more widespread, traditional banks and payment processors may need to adapt to the changing landscape.This could involve embracing DLT themselves or finding new ways to compete with DLT-based solutions.

The challenge for traditional financial institutions will be to leverage their existing infrastructure and customer base while also exploring the potential of new technologies like DLT.Those that are able to successfully navigate this transition will be best positioned to thrive in the future of payments.

Conclusion: Eftpos and Hedera – A Catalyst for Change

The collaboration between Australian payments giant Eftpos and Hedera is a landmark event, signifying a growing acceptance and exploration of DLT within established financial systems.Eftpos's commitment to becoming a node operator and joining the Hedera Governing Council reflects a forward-thinking approach to innovation and a desire to shape the future of payments in Australia.By focusing on micropayments and other innovative payment solutions, this partnership has the potential to create new opportunities for businesses and consumers alike.

Key takeaways from this partnership include:

• Eftpos is embracing DLT to enhance its payment infrastructure.
• Hedera's technology is well-suited for micropayments.
• The Hedera Governing Council is a decentralized approach to governance.
• Debit payments are increasingly popular in Australia.
• This partnership could revolutionize the way we conduct online transactions.

The future of payments in Australia is looking increasingly digital and decentralized, and the partnership between Eftpos and Hedera is a catalyst for this change.Keep an eye on this space as these two companies continue to innovate and shape the future of finance.The potential impact on the Australian economy and the global payments landscape is significant, and this partnership is one to watch closely.