According to reports out today, local authorities in Queensland are alleged to be piloting a programme that could see the adoption of a number of cryptocurrencies within the state. The currencies in question include Bitcoin, Litecoin, Ethereum, Dash and NEM. The project is set to see the government approve work by a company called TravelbyBit, an established cryptocurrency project that allows merchants to accept cryptocurrency payments.According to Bitcoinist.com, Kate Jones, Queensland’s Minister for Innovation and Tourism Industry Development has said:
“TravelbyBit has devised a clever way to make it easier for visitors to our state to pay for their purchases with a growing number of local businesses accepting cryptocurrency payments. I understand TravelbyBit is specifically targeting places like Bundaberg – using cryptocurrency to make it easier for tourists to book holidays.”
In essence, this will allow merchants in Queensland to see a roll out of cryptocurrency adoption, which in turn promises to bring new customers to a range of shops on the premise that they are able to spend a range of different cryptocurrencies in there. It’s a project that the CEO of TravelbyBit, Caleb Yeoh is excited about:
“With this next phase of technology, we are targeting a different brand of tourist – the tech-savvy traveller from anywhere in the world who are looking to book their travel experiences ahead of their trip and use digital currency to pay for their travels. They can now pay with Bitcoin, Litecoin, Dash, Ethereum, XEM and soon, BNB. We have more than 150 merchants across Australia using our system and this funding, [which will help] to develop a purpose-built platform that will accept digital currencies from anywhere in the world, will allow us to add jobs not only directly to our team but also across the broader tourism industry.”
See more for yourself, here. It’s an exciting prospect for cryptocurrency adoption and moreover, will encourage the flow of cryptocurrencies in Queensland. Bigger implications for this are pretty clear. If this roll out is successful and helps to bring new custom to businesses around Queensland then we could expect to see similar projects open up across Australia.
Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.
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