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Retailers at Brisbane Airport to start accepting payments in cryptocurrencies

Retailers at Brisbane Airport to start accepting payments in cryptocurrencies

Retailers at Brisbane Airport (BNE) will
soon be accepting payments
in Bitcoin, Dash, Ethereum and other digital
currencies. BNE announced last week that is working with TravelbyBit, in
partnership with a number of terminal retailers to introduce cryptocurrency payments
into its terminal shopping.

Travellers will be able to use TravelbyBit’s cryptocurrency
payment system, to dine and shop at stores such as Botanist, Spoon, Windmill
& Co., and Forte Espresso, as well as nine awpl
stores including Australian Way, Merino Collection, Carry On, Dreamtime Journey
and multiple News Travels across both terminals.

According to the press release, the partnership reinforces
Brisbane Airport’s aim to promote community projects, support local businesses,
improve the passenger experience, and become a leader in the airport digital
innovation space.

Roel Hellemons, Brisbane Airport Corporation (BAC) General
Manager Strategic Planning and Development, said, “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.

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

Caleb Yeoh, CEO of TravelbyBit, said, “We are building a
genuine use case for cryptocurrencies in the tourism industry. The application
of digital currencies in this sector makes a lot of sense. Whenever you travel
overseas you have to deal with multiple currencies and you never know what
exchange rates the banks are charging you. Here at TravelbyBit we are promoting
the Bitcoin travel movement. Digital currency for world-wide travel. It’s
simple, safe and there’s no bank fees.”

TravelbyBit received AU$88,070 under the third
round
of Advance Queensland’s Ignite Ideas funding
programme, which provides grants of up to 250,000 dollars to support activities
that will test and implement commercialisation plans for a product, process or
service that is at or beyond minimum viable product or market ready stage. TravelbyBit
has built a network of merchants throughout Brisbane who take payments in
digital currencies.

The acceptance of bitcoin, the cyrptocurrency with the largest market cap, for payments has
been limited
, while its price reached stratospheric heights last year. The
volatility in price has drawn investors but reduced its attractiveness as
medium of exchange. Payments processor, Stripe, withdrew
support for bitcoin recently quoting slow transaction times and high fees. Digital
gaming platform, Steam, stopped
accepting bitcoins last year. However, Microsoft recently restarted
accepting bitcoin in its Windows and Xbox online stores, after stopping it
earlier in the week.

Meanwhile, regulators
in many countries have issued warnings about cryptocurrencies in recent months.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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