Close to 50 business in Agnes Water and the Town of 1770 in Queensland now accept cryptos as a form of payment. The locals and most crypto enthusiasts across the nation, pride the town to be Australia's first “digital currency-friendly” tourist town.
Hi Woz, we heard you'd like to travel to another part of the world with #Bitcoin. Come to 1770 – Australia's first crypto holiday town! & Book your flights in with TravelbyBit! ✈ @stevewoz @MICKYNewsOz https://t.co/0TItAyvkiB
— TravelbyBit (@TravelbyBit) October 29, 2018
The Tweet shows the confidence of the company in the crypto infrastructure of the town. It demonstrates that merchants are willing to change to an alternative payment system that has many advantages over traditional payment systems.
Notably, most of the town’s crypto payment solutions are powered by TravelbyBit. The company’s CEO and Co-founder Caleb Yeoh have spearheaded the project. He established the company two years ago after observing the consequence of the oil and gas industry downturn while working for Santos and Shell in the economic management and sustainability sectors.
Yeoh said: “If you travel the world you have to deal with multiple currencies, the exchange rate can be confusing, sometimes you struggle to find ATMs, and sometimes you get swindled by money changers.”
The digital travel startup had sent ripples across the entire crypto ecosystem earlier this year when they announced their partnership with Brisbane airport. This association would allow crypto payment services for shopping at the airport. It was obvious to the airport’s General Manager for Strategic Planning and Development at Brisbane Airport Corporation why the pivot to crypto was required. He said that due to the ease of transactions of digital currencies, many international travelers favor using cryptos.