So far, the biggest question permeating the crypto world is regarding cryptocurrency adoption in the real-world economy. Despite the hype and high volatility, businesses around the globe seem to slowly adopt cryptocurrency payments.
In Australia, Brisbane Airport (BNE) is set to become the first airport terminal with a large array of businesses accepting payments with cryptocurrencies. The move to digital currencies makes sense in an international environment, where international boundaries for free movement of capital no longer exist, and are crucial for boosting economies. Travellers visiting the terminal will no longer be required to exchange their home country currency into Australian Dollars in order to make purchases in the airport terminal.
According to Roel Hellemons, General Manager of Strategic Planning and Development, “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”.
TravelbyBit will be implementing the cryptocurrency payment system throughout the airport. If this experiment proves to be a success, more likely other airports around will follow.
In spite of the negative perspectives from other countries, like China and ban threats from South Korea, Australia appears to lean towards embracing the digital payment systems fuelled by cryptocurrencies.