Cashing in on the crypto currency wave.

Spending cryptocurrency as easily as cash or using a credit card will soon be made possible thanks to a new Aussie start-up.

It is good news for crypto investors, allowing them to use crypto as currency and not just trade it as stock.

The Digital Currency reserve (TDCR) aims to enable people to make purchases in cryptocurrency without having to first convert into “regular” currency – all with the same protections as traditional financial services. It will also enable members to convert crypto to currency at any time, even at the point of purchase.

The high-powered team behind Digital Currency Reserve (TDCR), which includes former Australian Federal Communications Minister and Senator, Stephen Conroy, is currently capital raising – providing an opportunity for people already invested in crypto.

“The concept was born out of all of us making small crypto investments but having no ability to transact in the ‘currency’,” co-founder Steve Lewis, who has 25 years in brand marketing and communications experience, said.

“Yes, we could send it to each other, and lose a lot in the process, but we had no ability to spend in real, legitimate terms.”

TDCR founder John Fenga said investors in TDCR “are helping create a network that they will benefit from and allow their wealth to grow as the company grows”.

Local investment – from as little as $500 to $4.5 million – would also keep the company Australian owned and run. Currently one million Australians hold cryptocurrency – but that is forecast to grow by up to 30 times by 2030, Mr Fenga said.

TDCR will give both consumers and businesses the same privacy laws and consumer protections as traditional financial services, while enabling crypto to be used as easily as credit cards are used today.

It aims to connect customers and businesses on the same network to enable people to make purchases in cryptocurrency without having to first convert into “fiat currency” (ie government-issued legal tender, such as the Australian dollar).

By eliminating conversion, which can take minutes or days, both businesses and consumers can transact with confidence and consistency.

“Our goal is to expand cryptocurrency access to more businesses, stores and services, allowing TDCR members to avoid having to convert back into fiat currency,” TDCR founder John Fenga said.

“With built-in merchant solutions, business owners can transact with consumers and suppliers in cryptocurrency without unnecessary conversions.

“This way, for consumers wanting to buy a coffee with their bitcoin, a cafe can accept it for its actual cost and not an inflated amount. TDCR makes using cryptocurrency as easy as using your VISA or Mastercard.”

While there are other technology platforms that deal in cryptocurrency, TDCR differs in that it is a hybrid of both centralised and decentralised networks – similar to current banking systems – which will make it easier for governments to adopt.

“Our goal for future releases is to enable our members to buy a property with crypto, finance it with crypto, and service it with crypto, all inside the TDCR ecosystem,” Mr Fenga said.

“We want to provide our members with bank-like tools and services, because the platform was based on banking technology.”

Retail statistics show, for merchant early-adopters of cryptocurrency payments, 40% of crypto users are new customers to their business leading to more than 300% return on investment.

“There are more than 300 million cryptocurrency investors around the world yet only about 18,000 establishments – globally – accept the currency as payment,” Mr Fenga said.

“In Australia alone, about one million people have some form of cryptocurrency but can’t use it for day-to-day transactions.”

TDCR operates in an open and accountable way – bringing cryptocurrencies out of the dark web and into the light, where both customers and governments can have confidence in the transactions. TDCR’s platform enables it to regulate and monitor all transactions and report any suspicious activity, just like a bank.

TDCR is currently capital-raising via OnMarket at

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