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WELCOME TO THE FUTURE: Brisbane Airport to start accepting bitcoin payments

Virtual currency geeks, you're going to love this. Brisbane is about to make history by becoming the first cryptocurrency friendly airpot terminal.

Virtual currency geeks, you’re going to love this. Brisbane is about to make history by becoming the first cryptocurrency friendly airpot terminal.

Yes, this is really happening. Brisbane Airport has announced a new partnership with TravelbyBit, an Aussie start-up which sets up ways for retailers to pay in Bitcoin, Ethereum, Litecoin, Dash and Steem.

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They have already signed on a dozen airport retailers to accept cryptocurrency payments, including cafes and restaurants, souvenir shops and newsagents.

Brisbane Airport said benefits of these digital payments included low transaction fees, exchange rates and transfer time as well as the ability to keep your identity private.

“Many people around the world have made money investing in cryptocurrencies and a lot of these people travel internationally, so it makes sense to offer a digital currency experience within our terminals”.

 Brisbane Airport Corporation’s General Manager Strategic Planning and Development Roel Hellemans.

“We’re also proud to be the first airport in the world to achieve this in partnership with a small local start-up business such as TravelbyBit, whose pioneering thinking is drawing attention to Brisbane as a serious breeding ground of innovative thinking,
he said.

“This is just the beginning for us as we hope to expand the digital currency option across the business, so watch this space”.

CEO of TravelbyBit Caleb Yeoh believes that the tourism industry is an ideal place for digital currencies.

He points out that whenever you travel overseas you have to deal with multiple currencies and you never know what exchange rates the banks are charging you.

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“We are promoting the Bitcoin travel movement. Digital currency for world-wide travel. It’s simple, safe and there’s no bank fees,”  he said.

READ: Coming soon to travel, Bitcoin payments

READ: Blockchains & hotel rooms – the future of worldwide currency

Would you pay cryptocurrency next time you pass through Brisbane Airport?