Binance Invests in Aussie Crypto Payment Startup to Avail the Crypto-Payments

According to the latest update, Binance has invested $2.5 Million in the fresh Australian Cryptocurrency payment startup, Travelbybit. Binance is one of the largest cryptocurrency exchange in the world. Cryptocurrency payment applications and platforms are designed to avail the facility of pay with Bitcoin or other cryptocurrencies.

This investment of Binance in TravelbyBit is with the motive of its expansion and adoption throughout the world. These investments are generally made with the purpose of expansion of cryptocurrency payment terminals.

As per the sources, these two companies Binance and TravelbyBit have come together to introduce the point-of-sale (POS) system that is developed by TravelbyBit into the larger and renowned airports around the world.

Changpeng Zhao, Chief Executive of Binance stated to the media –

“Let’s start with airports and go from there…Real, on-the-ground, just-when-you-need-it use case is the key to further crypto adoption. In this light, there is no better fit than being able to use your crypto when traveling, just after you land in a foreign country, where you may not have the local currency.”

TravelbyBit has become one of the best startups in the cryptocurrency domain. They have developed the system in which the traveler is allowed to pay with Bitcoin, Ethereum, Bitcoin Cash etc.

On this, the CEO of TravelbyBit added-

“Imagine traveling with multiple stopovers and only needing a single currency. We’re working with the most innovative airports and retailers who want to offer their consumers non-traditional payment options and a chance to experience cutting-edge technology.”

This latest update clearly demonstrates how cryptocurrency is growing in every industry around the world. In fact, Australian beach town, Agnes Water has been given the title of “Australia’s First Digital Currency Town” as a customer can pay with bitcoin for every service including accommodation, pub payments etc.

Related News

Momentum is poised to be the first cryptocurrency-based marketing automation solution

There aren’t many cryptocurrency companies that seek to transform the marketing world and give businesses a modern way of

Read-more

Linux Provides Framework to Support Multipurpose, Open-Source Cryptocurrency Wallets

The Linux Foundation, a non-profit technology consortium, announced the formation of the Openwallet Foundation (OWF) to support the creation of open-source cryptocurrency wallets.

Read-more

Leading UK Tax And Business Advisers BKL Accepts Bitcoin

The UK-based charted accountancy and advisory firm BKL, a mid-sized firm with offices in London and Cambridge

Read-more

Newegg Now Accepts Bitcoin Payments Pretty Much Worldwide

Newegg, a large American online retailer and an early adopter of cryptocurrency since 2014, added 73 more countries

Read-more