Brisbane Airport is World’s First to Accept Bitcoin

At least 10 retailers including restaurants, shops, and newsagents will accept crypto payments.

Photo: Pixabay

Australia’s Brisbane Airport has unveiled plans to become the first cryptocurrency-friendly airport in the world.

This was the result of its partnership with cryptocurrency travel firm TravelbyBit, which will equip the airport’s retail stores with technology to accept the likes of Bitcoin, Litecoin, Dash, and more.

So far, at least 10 retailers at the airport, which include restaurants, cafés, shops, and newsagents have signed on to accept digital currencies.

For the uninitiated, cryptocurrency is a digital asset designed to work as a medium of exchange and uses cryptography to secure its transactions. One can consider them to be virtual currencies or digital money—an alternative to cold, hard cash.

Roel Hellemons, general manager at the Brisbane Airport Corporation said: “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.”

Echoing these sentiments, CEO of TravelbyBit Caleb Yeoh added that his company is “building a genuine use-case for cryptocurrencies in 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,” Yeoh said.

“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.”

More information here.

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