Australia’s Agnes Water becomes first digital currency town

Published on : Monday, June 4, 2018

Australia’s Agnes WaterAgnes Water, Australian beach town is accepting Bitcoin to boost tourism. With that, it becomes country’s first ‘digital currency town’.

 

 

It is an effort to attract international digital-savvy travelers to boost its primary industry, travel and tourism.

 

 

There are over 30 local businesses including accommodation providers, tour operators, restaurants and even the local pub in Agnes Water are now accepting cryptocurrencies, despite being a town of a mere 2,000 permanent residents.

 

 

The initiative to embrace crypto currency payments stems from local real estate agent Gordon Christian who began looking into accepting crypto currencies after a client, a local business owner, explored how to go about processing a bitcoin payment from a customer.

 

 

Soon enough, Christian’s interest was piqued further when he learned that Brisbane International Airport, a five-hour drive from Agnes Water, had begun accepting crypto currencies at a number of retail storefronts.

 

 

Presently, there are 31 local businesses including resorts, backpacking establishments, tour companies and eateries are now accepting cryptocurrency payments through a point-of-sale app developed by TravelbyBit, a Queensland-based crypto payments startup.

 

 

While it’s early days, Australia’s first ‘digital currency town’ could soon lure a nice group of international tourists to Agnes Water rather than mainstream destinations, according to the crypto-executive.

 

 

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