The government of the Australian state of Queensland has provided a grant of cryptocurrency startups. Grant, the amount of which totaled more than $8.3 million were received under the program of state financing of innovations.
As indicated in the statement of the state government issued on 1 August, received funding platform for payments in the digital currency TravelbyBit designed for travelers and tourism. It is one of 70 companies that became the winners of the program “Bright Ideas Queensland”, in which entrepreneurs of Queensland can get the support for their business.
The company intends to increase the tourist traffic of Central Queensland, offering tourists services for cryptocurrency and creating new jobs.
“TravelbyBit has created a clever method of cooperation of the visitors of our state with businesses accepting cryptocurrency payments. […] TravelbyBit focused on places such as Bundaberg (Great barrier Reef) — the use of cryptocurrencies makes visitors easier to plan their vacations,” said Minister for innovation Kate Jones (Kate Jones).
Co-founder and technical Director TravelbyBit, Caleb Yeo (Caleb Yeoh) told me that his startup starts cooperation with the company that supports the Brisbane airport. The result of the cooperation should be “the world’s first user-friendly to digital currencies the airport.” Also TravelbyBit created based on the blockchain points of sales in the local tourist towns. Travelers will be able to pay bitcoins (BTC), Litecoin, Dash, Ethereum, XEM and soon the BNB.
“Across Australia for more than 150 merchants use our system. The obtained funding will enable us to develop a special system for payment cryptocurrencies from anywhere in the world. New jobs will be created in the global tourism industry, not only in our team,” said Yeo.
Australia is not the first country that integrates digital currency in the tourism sector. Earlier this spring the German national Tourism Association (German National Tourist Board GNTB) has announced that it will start to accept BTC and other cryptocurrencies as payment for their services. In addition, at the end of last year it became known that the authorities of the island nation of Aruba studying the Ethereum blockchain to combat tourist monopolies.
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