Bitcoin Cash Is The Most Preferred Cryptocurrency In Brisbane International Airport
Ever since the Brisbane International Airport became the world’s pioneering airport to accept digital currency payments, Bitcoin Cash (BCH) has been identified as the most preferred portion for clients who pay in cryptocurrency.
The unique payment schemes is provided in collaboration with the TravelByBit payment processor and allows customers to pay for services in a given selection of virtual coins. As of 1st August 2018, BCH was the most dominant crypto, with its usage standing at 41.96. It was closely followed by its sibling, Bitcoin Core, which had 40.92% usage. Other coins included Litecoin, Ethereum and Dash.
Given that this scheme has not been promoted on any platform, its outcome is certainly telling. The popularity of Bitcoin Cash in the airport has grown naturally, rather than benefiting from favors or aggressive marketing campaigns. The stats were first posted on Twitter by Crypto Strategies (@CryptoStratz). After the initial post went viral, TravelByBit released another version, this time basing the statistics on transaction volume, rather than their value in US dollars.
The original tweeter, @CryptoStratz, refuted the updated version saying that transaction volume can be skewed by sending multiple low-value transactions.
Despite the inconsistent numbers, Bitcoin Cash enthusiasts have welcomed the developments in Australia, as it indicates the increasing popularity of BCH among merchants and consumers. The significance of these results is even bettered by the fact that TravelByBit added BCH only three months ago.
The government of Australia has adopted a favorable stance towards cryptocurrencies and blockchain companies. The Queensland state administration has already pledged a $100,000 grant to fund the activities of TravelByBit and promote further innovation. In this regard, the state’s minister of innovation, Kate Jones, said that TravelByBit has made life easier for tourists by enabling them to buy goods and services using virtual currencies. She said this spares the visitors form the hassles of forex conversions.
While acknowledging the reception of the grant, the CEO of TravelByBit, Caleb Yeoh, stated that their company is determined to improve the tourism sector in Australia. Caleb added that TravelByBit currently has over 150 merchants across the country who use their services.
He conclude by saying that the funding will be directed towards the development of platform and addition of more merchant, thereby creating several employment opportunities for Australian citizens, both within and outside the tourism industry.