Queensland Government backs Bitcoin for Bundy

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The famous Bundaberg Rum distillery could be among dozens of businesses and tourist attractions in the Queensland city of Bundaberg soon to accept Bitcoin and other cryptocurrencies.

The city will be the target of a new roll-out of TravelbyBit cryptocurrency point-of-sale systems,  backed by the Queensland Government.

The state’s Innovation Minister, Kate Jones, today announced TravelbyBit will receive $100,000 in State Government funding for the project.

“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 Minister Jones.

The Bundaberg Rum distillery and museum which are visited by thousands of tourists every year, the Bundaberg Airport and a number of small business could be the first in the city to adopt the cryptocurrency point-of-sale systems.

Its hoped the ability to pay using cryptocurrencies will encourage more tourists to visit the area.

TravelbyBit’s systems are currently used by more than 150 merchants across Australia and adoption in Queensland, in particular, is increasing rapidly.

“We have partnered with Brisbane Airport Corporation to launch the world’s first digital currency friendly airport and have integrated our cutting edge blockchain powered point-of-sale system across the regional tourism towns of 1770 and Agnes Water,” said TravelbyBit co-founder and CEO Caleb Yeoh.

“With this next phase of technology, we are targeting a different brand of tourist – the tech-savvy traveller from anywhere in the world who are looking to book their travel experiences ahead of their trip and use digital currency to pay for their travels.”

Blockchain News Australia
Caleb Yeoh, CEO of TravelbyBit (left) at the Brisbane Airport

Bitcoin, Litecoin, Dash, Ethereum and XEM are all currently accepted by TravelbyBit.