Australia's Brisbane Airport has announced it will roll out cryptocurrency payments within the terminal shopping areas.
The new payment system, provided by cryptocurrency travel firm TravelbyBit, will enable travellers to use bitcoin, ethereum, dash and other digital currencies to shop and dine at various stores and restaurants across both of Brisbane's air terminals, a press release says.
Roel Hellemons, Brisbane Airport Corporation's (BAC) general manager of strategic planning and development, said that the airport is the first worldwide to incorporate cryptocurrency payments. The move, he said, "makes sense" because many people who have invested in cryptocurrencies travel internationally.
According to TravelbyBit CEO Caleb Yeoh, the payment system presents a "genuine use case for cryptocurrencies" in the field of tourism.
"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," Yeoh added.
The use of cryptocurrencies to boost tourism and related services is something that global politicians have increasingly being investigating.
In November, the head of Russia’s Federal Agency for Tourism predicted that blockchain technology will transform the country's tourism industry.
"We are absolutely convinced in our federal agency that blockchain will seriously change the tourism market, although, in our opinion, it will happen not in two years but in 5–10 years," said Oleg Safonov at the time.
In the U.S., legislators in Hawaii have pushed for the creation of a working group dedicated to blockchain technology, with a focus on tourism payments.
Airport flight board image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.