Brisbane Airport to Accept Crypto

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Brisbane Airport has announced that it plans to begin accepting digital currencies in its restaurants, bars, and shops. The Australian airport has reportedly signed a deal with TravelbyBit Australia that will enable it to accept a variety of different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, and Steem, according to a report in The Telegraph.

Brisbane Airport General Manager of Strategic Planning and Development Roel Hellemons explained the decision:

"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 suggested that this was only the first step in a broader effort to bring digital currency’s benefits to other areas of the business.

TravelbyBit CEO Caleb Yeoh expressed his belief that that the aviation industry could provide a “genuine use case” for integrating digital currency usage into the tourism industry:  “Whenever you travel overseas, you have to deal with multiple currencies and you never know what exchange rates the banks are charging you,” he said. "Here at TravelbyBit we are promoting the bitcoin travel movement. It's simple, safe, and there are no bank fees."

 

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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