The shift towards cryptocurrency is the new trend witnessed in the developed cities. Brisbane has made interventions that have made it stand out in Australia and to joining the list of the few cities around the world that have done so. Australia’s Brisbane has launched an all-out embrace of cryptocurrency in the different dynamics of its economy making it the capital of Australia as far as cryptocurrency goes.
Crypto Adoption Down Under
The government of Australia under the ministry of tourism and innovation under Kate Jones has had the view that cryptocurrency is the new order of business. It is for this reason that the government has chosen to encourage and build cryptocurrency by funding a Brisbane-based company “TravelbyBit” that deals in this field.
With particular interest on tourism, Brisbane has become the new harbor that breeds Australia’s cryptocurrency involvement. Brisbane has become the capital of Australian cryptosphere through its integration of crypto and tourism. The Brisbane airport has fully integrated cryptocurrency as a payment option for tourists coming in offering the option of paying via Bitcoin, Etherium, and Litecoin through TravelbyBit.
The local company has stretched its reach throughout the city allowing visitors to continue to utilize cryptocurrency for their purchases.
TravelbyBit has partnered with other local stores in the town to enable users to make transactions through the popular cryptocurrencies. Additionally, through the conventions and exhibitions hosted in Brisbane, visitors are allowed to pay entrance using cryptocurrency. Currently, Brisbane is the only town that has fully embraced and made great strides towards cryptocurrency and becoming a digital currency town.
Why Cryptocurrency is the Better Option for You
The shift to the digital currency is a trend that is warmly received for the array of benefits it provides. For one, there is adequate privacy and security associated with cryptocurrencies that credit cards do not provide. Crypto provides you with peace of mind knowing that no one can pull funds from your crypto wallet as is the case with credit card fraud. Credit cards theft is reason enough to cut your trip, however, through cryptocurrency you are secure so long as you have your wallet credentials.
Digital tokens is undoubtedly a trend that is beneficial to users. However, it will take long before this technology completely replaces credit cards. For smooth operations in the long term, the local authority will have to move in to facilitate regulations to prevent criminal activities.