-What’s the most crypto-friendly country you know? -Australia

Australia's state government grants crypto travel startup $100k to revamp the tourism sector.

Indeed, an Australian government official announced on Wednesday that his the government has awarded a total amount of  $100,000 grant to a crypto travel experience startup named TravelbyBit.

The startup consists of fully equipped “tourist routes” on which travelers can spend crypto and make crypto payments via a platform designed for merchants.

“Tourism is one of Queensland’s most important industries,” Innovation Minister Kate Jones said in a statement. She continued:

“TravelbyBit has devised a clever way to make it easier for visitors to our state to pay for their purchases with a growing number of local businesses accepting cryptocurrency payments.”

Moreover, TravelbyBit is one of 70 other startups/companies that will be receiving funds that go from an $8.3 million grant! As Jones reportedly affirmed that similar funds will be used to help TravelbyBit and other startups “scale-up their operation.”

Aside from that, around 150 merchants across Australia already use TravelbyBit’s payments platform, yet, CEO Caleb Yeoh is more like hitching his wagon to stars. whence he has partnered with the Brisbane Airport Corporation to create a crypto-friendly airport.

“With this next phase of technology, we are targeting a different brand of tourist – the tech-savvy travelers from anywhere in the world who are looking to book their travel experiences ahead of their trip and use digital currency to pay for their travels,” he said in the statement.

TravelbyBit is currently supporting payments in BTC, LTC, DASH, ETH, XEM and will accept BNB in the near future.

And because governments like the Australian government are not very discriminatory towards cryptocurrencies, such visionary crypto-based startups get to see the light, aka get funded.


Wejden Khachaa

Marketing/Finance Bachelor, worked in several tech start-ups at a young age, her passion for blockchain and her firm belief that it will change the world one day inspires her to write about related topics.

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