• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
TravelbyBit to Integrate Binance’s BNB Coin Across all Merchants
Advertisement

Binance Invests in Travel Startup TravelbyBit

Erich Grant by Erich Grant
5 years ago
in Companies, News, News teaser
0
Advertisement
Advertisement

Binance announced it has invested $2.5 million USD in Brisbane, Australia based company TravelbyBit. TravelbyBit services the travel and tourism industry, allowing travelers to book their journeys using crypto as payment. TravelbyBit has also built a point-of-sale (POS) terminal for merchants who wish to accept crypto as payment.


Binance intends for the cash infusion to help TravelbyBit expand its crypto POS system in airports worldwide. TravelbyBit has already successfully installed one of their POS terminals at Brisbane Airport.

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

In September, Bitcoinist reported that cryptocurrency use in Australia has recently doubled.

The Brisbane Airport is Australia’s third largest by volume. TravelbyBit is also working to install terminals in retail shops throughout Australia.

Together travelbybit and @binance will take crypto adoption to the next level~!

"Growth is never by mere chance, it is the result of forces working together. Thank you for the support @danielalexiuc @SatoshiLite @weizhouBinance @cz_binance . ??⚡️https://t.co/J9Q6jmZ3o6

— TravelbyBit (@TravelbyBit) October 3, 2018

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The TravelbyBit terminals currently support payments in Bitcoin (BTC) [coin_price], Ethereum and Litecoin. Following the Binance investment, TravelbyBit intends for the platforms to begin supporting Binance’s creatively-named propriety coin, “Binance Coin,” for payments to merchants as well creatively.

Use Crypto To Remove Travel Pain

In a press release announcing Binance’s investment, Binance CEO Changpeng Zhao stated:

Real, on-the-ground, just-when-you-need-it use case is key for 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.

A global crypto payment network is seen as a particularly attractive option for international travelers. International travel with multiple stops or layovers frequently involves multiple rounds of expensive currency conversion, with extra bank fees on top for credit and debit card transactions.

At most airports, fiat can only be exchanged at off-market rates with large spreads. Trying to make a small purchase during an international layover while traveling frequently involves informing your bank ahead of time about your intended layover. Crypto payment processing promises to smooth this expensive and sometimes irritating process.

Brisbane, Australia

Binance Invests in Innovation

In addition to Binance’s $2.5 million capital infusion, TravelbyBit announced an AUD $100,000 grant from the Advance Queensland Ignite Ideas program. Advance Queensland Ignite Ideas was established by the Queensland Government in an attempt to help grow innovative companies in Queensland.

Encouraging the mass adoption of cryptocurrency is critical for all market participants. Binance’s large user base, with close to ten million trading accounts and tremendous financial firepower, make it uniquely positioned to help lead the charge for greater adoption. Binance recently launched Binance Labs to find and scale real-world applications for crypto use with the aim of propelling greater mass adoption.

As the crypto community continues to grow, it will be exciting to see the impact TravelbyBit’s terminals end up having on mass adoption.

What do you think of Binance’s investment in TravelbyBit? Will you use crypto for your travel payments? Let us know in the comments below.


Images courtesy of Shutterstock, Twitter/@TravelbyBit.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Erich Grant

Erich Grant

Related Posts

Crypto.ro and Binance Unveil the 3rd Binance Meetup in Romania, Set in Timisoara

Crypto.ro and Binance Unveil the 3rd Binance Meetup in Romania, Set in Timisoara

3 days ago
PrimeXBT crypto futures: A detailed review 2023

PrimeXBT crypto futures: A detailed review 2023

3 weeks ago
Gemini

Gemini To Launch Non-US Crypto Derivatives Platform

1 month ago
How China Will Benefit From the Digital Yuan

How China Will Benefit From the Digital Yuan

1 month ago
crypto futures

PrimeXBT Review 2023: A Revolutionary Crypto Futures Platform

2 months ago
Justin Sun

Justin Sun In Talks To Sell Huobi Stake: Report

2 months ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Polygon (MATIC) and Tron (TRX) Price Prediction: TMS...

    1 hour ago
  • TMS Network (TMSN) Attracts Big Attention Amidst Binance...

    1 hour ago
  • Unveiling Dogetti, Pepe, and Floki – 3...

    2 hours ago
  • Q3 Expectations: Exploring Cosmos, and Caged Beasts In the...

    2 hours ago
  • How Avalanche And Solana Could Help DogeMiyagi Master The...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.