The Brisbane Airport in Australia has announced a partnership back in January, that would allow customers to use virtual currencies as a means of payment at the different stores in the airport.
Brisbane Airport Incorporates Cryptocurrencies
The partnership has been between the Brisbane Airport and the Australian startup TravelByBit will help travelers pay for their expenditures using virtual currencies. At the moment, there will only be 30 retail stores that will be accepting cryptocurrencies to pay for goods and other products.
Caleb Yeoh, co-founder and CEO of TravelByBit, said that this is just the beginning. At the moment they have been testing the network and how everything works for merchants and everything was perfect. At the same time, they need to train the staff to use these new terminals that will be installed at each store.
Yeoh commented about it:
“We’re just trying to build a real world use case for cryptocurrency. Bitcoin is perfect for travel, there’s no exchange rate issues or risk of credit card fraud.”
At the moment, there are several virtual currencies accepted, including Bitcoin (BTC), Litecoin (LTC), NEM, and Ethereum (ETH). Paying with virtual currencies when traveling should be a great and seamless experience, as Yeoh said. It reduces the problems about exchanging money or having to be thinking about other hidden expenditures when paying with credit or debit cards.
This is one of the first airports that is offering this service. But there are several airlines and private companies that are already accepting virtual currencies for their products and services.