TravelbyBit is a Brisbane tech startup designing tourist routes and provide selected providers with their very own point-of-sale digital currency payment platform.
With that, now you can use your cryptocurrencies for your shopping at individual retailers, such as Botanist, Spoon, Windmill & Co., Forte Espresso, and nine awpl stores including Australian Way, Merino Collection, Carry On, Dreamtime Journey and multiple News Travels across both terminals.
TravelbyBit’s cryptocurrency payment system also includes all the major coins like Bitcoin, Dash, Ethereum and more.
We already know that crypto payment takes away third party interferences, which means, lower transaction fees, transfer time and most importantly, lower exchange rates.
BNE hopes to better customer services and experiences, support local businesses and become a leader in the airport digital innovation space.
Well, this partnership ticks all the boxes.
Brisbane Airport Corporation General Manager Roel Hellemons said this move was a sensible one.
“Many people around the world have made money investing in cryptocurrencies, and a lot of these people travel internationally, so it makes sense to offer a digital currency experience within our terminals,” he said.
“We’re also proud to be the first airport in the world to achieve this in partnership with a small local start-up business such as TravelbyBit, whose pioneering thinking is drawing attention to Brisbane as a serious breeding ground of innovative thinking.
“This is just the beginning for us as we hope to expand the digital currency option across the business, so watch this space,” Mr Hellemons said.
CEO of TravelbyBit Caleb Yeoh echoed the same sentiments.
“We are building a genuine use case for cryptocurrencies in the tourism industry,” he said.
“The application of digital currencies in this sector makes a lot of sense.
“Whenever you travel overseas you have to deal with multiple currencies, and you never know what exchange rates the banks are charging you,” Mr Yeoh said.
TravelbyBit is building a growing network of merchants around Australia, with Brisbane having the most number of merchants taking payments in digital currency.
Brisbane Airport is only the starting point for digital currency travellers and joining the other merchants on this journey of innovation.
“Here at TravelbyBit, we are promoting the Bitcoin travel movement. Digital currency for worldwide travel. It’s simple, safe and there are no bank fees,” Mr Yeoh said.
TravelbyBit is starting its roots in Brisbane, mainly at the Brisbane’s Fortitude Valley, which has been rebranded by locals as ‘Crypto Valley’ because more than 20 merchants in the area now take digital currency payments.
In a statement, TravelbyBit believes the Valley is the perfect place to plug in our digital roots and a magnificently-focused community for which to launch our cryptocurrency initiative.
Crypto payment is becoming a reality, and maybe it has some practical use after all, for the small number of people with a digital wallet of course.
For a list of merchants, you can see it here.
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