Bit Coin: Brisbane Airport Waves “Green Flag” To Crypto Currency Bit Coin

29th January 2018—- Brisbane airport is working on accepting cryptocurrency at retail outlets inside its terminal. The outlet’s owner quietly collaborated with Brisbane startup TravelbyBit. TravelbyBit has signed at least 10 retailers including café, newsagents, souvenir shops, and restaurants to accept crypto payments. While outside the airport zone, TravelbyBit has signed 26 merchants from inside and outside Brisbane.

Although a deal has made between the retailers inside the terminal, travelers are free to choose their payment mode. They can either make payment through Bitcoin or currency or in both combinations.

As stated by the corporation general manager for strategic planning and development, Roel Hellemons, “it’s just the beginning for us as we hope to expand the digital currency option across the business. 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 added,

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.”

The main priority of initiating BitCoin in the airport was to develop travel routes in new digitalized currency. This did not only develop regional tourism but also assist in developing local industry and resources. TravelbyBit aims in channelizing the Bitcoin across the entire Australian continent.

Although TravelbyBit had received $88,070 assistance fund from Advance Queensland’s Ignite it still lost its important client “Stripe”.