Scott Morrison drops the mic again today following the September 29th budget.
Australia to invest $800 million into digital technology.
COVID-19 has accelerated the adoption of digital technologies by countries around the world, but particularly in Australia. The government is seeking to make policies to enable this technology to thrive and our economy with it.
Here's what the Treasurer has to say.
“Our Digital Infrastructure package is estimated to increase Australia’s GDP by $6.4 billion a year by 2024 and around $1.5 billion of this additional economic activity is estimated to flow to regional Australia each year.”
That's why I have this blog, because the world is moving digital, and I want to help you know how to navigate it with success.
Watch Scott Morrison explain Australia's Plans here.
So needless to say, it was a HUGE day for digital technology in Australia.
On September 29th, 2020 The government committed the following funds to this booming industry.
$9.6 million to support fintechs to export financial services and attract inward investment;
$6.9 million for two blockchain pilots directed at reducing business compliance costs;
See the breakdown of the budget and how it's allocated to digital technologies.
Things are moving fast. Today's video was focused on eCommerce, which of course will run on a form of currency, most likely a digital currency. All to help Australia recover and rebuild.
It can't be a coincidence, as this is all happening while the US is doing the following;
There is a lot going on behind the scenes in governments all around the world, racing to get blockchain technology to the point of mass adoption (meaning that a large majority of the population uses it in their daily lives).
So, are you making the most of the world moving digital?
Australia has a secure, credible and trusted exchange where you can get your piece of the digital pie by buying digital assets. It's called CoinSpot.
Create a CoinSpot account for free today to follow Australia into the digital future.
Here you can buy digital assets like Bitcoin, Ethereum and XRP. These digital assets are increasingly being recognised as long term investments, and is awaiting mass adoption across the world.
Australia is going digital and I want to get on that rocket before it takes off. Would you like me to save you a seat?
- Mitch Hamilton