The Queensland government announced Wednesday that it had entered into a partnership with TravelbyBit in an effort to sell more travel experiences online using cryptocurrency payments.
The company is one of 70 that will receive a grant part from the more than AUD$8.3 million pot in government funding under the Ignite Ideas program.
“Tourism is one of Queensland’s most important industries. 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,” said Kate Jones, the government Innovation Minister, in the press release announcing the partnership.
Finding out what it’s like being a crypto tourist in #visitagnes1770 @satoshilite #Paywithlitecoin $LTC #travelbybit @travelbybit @visitagnes1770 @BBCTravelShow pic.twitter.com/BPxsQERzTR
— Carmen Roberts (@carmenlroberts) August 2, 2018
According to Jones, TravelbyBit is focusing on making it easier for tourists to book holidays in cities like Bundaberg, just off Queensland’s coast.
The company currently accepts Bitcoin, Litecoin, Dash, Ethereum, NEM (XEM) and plans on accepting Binance Coin in the future.
