Brisbane International Airport Turns Crypto-Friendly
In what can be termed as a major push to the mainstream adoption of virtual digital currencies, the Brisbane International Airport of Australia turns crypto-friendly as all of the merchants present there have started accepting payments in different currencies.
Airport terminals and merchants are now accepting different kinds of virtual digital currencies like the Bitcoin core (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dash (DASH), Nem (XEM) and Steem (STEEM).
This latest move is the result of the partnership between the Brisbane Airport Corporations’ (BAC) and Australian payment provider Travelbybit. On Monday, May 29th, Youtube channel, Nugget’s News Australia confirmed the implementation of the new system at the Brisbane airport.
Caleb Yeoh, CEO of Travelbybit said that people could check the live transactions by visiting their official website. Yeoh explains “We’ve got travelers from all over the world testing it out and I think the merchants are really excited — They have been telling us they have been getting a lot of interaction from all the different visitors and that’s created a bit of a buzz.”
He further added that “Blockchain technology has the ability to make transactions and global commerce a lot more efficient and a lot more transparent.”
One of the BAC representatives explained that it is imperative for the company to give passengers the choice of spending the own digital currency holdings at the airport. The representative further went to say that collaborating with Travelbybit has helped their retailers to maintain “relevance and resilience against the threat of online shopping.”
The representative also told that BAC is currently exploring several use-cases with cryptocurrency and blockchain as a part of improving payment-related services on the international airport. The executive said: “We’re happy to partner with Caleb and help our retailers explore this brave new world of cryptocurrency.”
Use of digital currencies at the airport makes a great sense as crypto enthusiasts can spend their holding without the need of going through the exchange process as in the case with fiat currencies. At the same time, it gives incentive to investors to hold their digital currencies while seeing them grow.