Qld crypto grant
A DIGITAL currency payment platform for the travel and tourism industry has been chosen as one of 70 businesses receiving more than $8.3 million in innovation grants from the Queensland Government.
Start-up TravelbyBit has enlisted more than 150 merchants to utilise its system, aimed at travellers using crypto currencies like Bitcoin, Litecoin and Dash.
It will receive $100,000 in funding under the govt scheme.
“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.