2018-8-3 09:20 |
Australia’s Queensland state government has awarded a $100,000 grant to a crypto travel experience startup, a government official announced on Wednesday.
The company, TravelbyBit, designs “tourist routes” on which travelers can spend crypto, and also provides a crypto payments platform for merchants.
“Tourism is one of Queensland’s most important industries,” Innovation Minister Kate Jones said in a statement.
She added:
“TravelbyBit has devised a clever way to make it easier for visitors to our state to pay for their purchases with a growing number of local businesses accepting cryptocurrency payments.”
According to CEO Caleb Yeoh, 150 merchants across Australia already use TravelbyBit’s payments platform, but the company’s aspirations are higher – literally.
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