Cryptocurrency Payments Take off at Brisbane Airport

Cryptocurrency holders traveling to one of Australia’s busiest airports will be able to experience and enjoy the first ever digital currency airport terminal.

Virtual currencies have an eventual aim to be the global medium of exchange. Awareness, interest, and adoption are growing in many countries, showing that that aim may soon be realized.

The industry is also paving the way for a number of startups who mainly have a goal of incorporating crypto into our everyday lives. Australian-based TravelbyBit is one such platform, who is on a mission to get merchants all around the country to accept cryptocurrency payments through their payment system.

Brisbane Airport Embraces Crypto

According to DCEBrief, Brisbane Airport will be collaborating with TravelbyBit in creating a groundbreaking virtual currency terminal. The airport’s website stated that through this partnership, a range of stores and restaurants such as Botanist, Spoon, Windmill & Co. and Forte Espresso will be able to use TravelbyBit’s payment system to accept digital currencies including Bitcoin, Ethereum, Litecoin, Dash, and Steem.

Roel Hellemons, who is the airport’s General Manager of Strategic Planning and Development, had this to say:

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. 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 innovation.

Hellemons also believes that this is just the first step in broadening crypto’s reach to other facets of the airport’s operations:

This is just the beginning for us as we hope to expand the digital currency option across the business, so watch this space.

Tourism Sector is the Perfect Crypto Case Study

Caleb Yeoh, who is the CEO of TravelbyBit, explained how the tourism industry is the ideal sector to explore the benefits of digital currencies:

We are building a genuine use case for cryptocurrencies in the tourism industry. 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. Here at TravelbyBit, we are promoting the Bitcoin travel movement. Digital currency for world-wide travel. It’s simple, safe and there’s no bank fees.

This is just another case of Australia embracing the cryptocurrency industry, and showing that they have the potential to be one of the leaders in crypto development.

Do you think that more airports will follow’s Brisbane’s example by creating crypto-friendly terminals? Let us know in the comments below!

Images courtesy of Wikimedia Commons