BITCOIN NATION: Where you can pay with crypto

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Bitcoin Merchants Australia
A map of TravelbyBit's crypto-accepting merchants across the country

Australian start-up TravelbyBit has published a map showing the Australian businesses it has signed-up to accept cryptocurrencies as payment for goods and services.

The map shows there are merchants popping up in every state and territory, apart from the Australian Capital Territory.

The businesses, which are mostly in the tourism or hospitality industries, accept a combination of Bitcoin, NEM, Bitcoin Cash, Litecoin, Ethereum, and Dash.

On its website, TravelbyBit explains how increasing the number of crypto-accepting merchants across Australia and the world, will help bring Bitcoin into the mainstream.

“We believe that one aspect of Bitcoin that holds back its full potential is the public’s perception that there is no practical use for the currency. Building our merchant network will lead to significant visibility among the community and will change this perception,” TravelbyBit said.

“There are several initiatives now allowing Bitcoin payments through traditional debit cards. However, these use the traditional banking systems’ Point of Sale terminals, and merchants and customers themselves aren’t receiving much awareness about Bitcoin at all.

TravelbyBit was launched in 2017

“TravelbyBit payment system is fundamentally different. Our merchants facilitate genuine peer-to-peer transactions. Through the use of digital wallets travellers pay with their choice of digital currency, creating an awareness of Bitcoin amongst the merchants, their staff, and their customers.

“Although customers pay in digital currencies like Bitcoin, the merchants can choose to receive payment in Bitcoin, fiat currency, or a combination. It’s our vision that our merchants around Australia will begin to receive payment exclusively in Bitcoin, use it to pay for business suppliers and even pay their staff in Bitcoin.

TravelbyBit, which has support from the Queensland Government, has previously made headlines for planned partnerships with major tourist destinations.