Binance, the largest cryptocurrency exchange in the world, has taken steps to expand further with its recent collaboration with TravelbyBit, based in Queensland, Australia. $ 2.5 million was invested.
The companies are working together to develop a system that accepts Crypto at major airports around the world. Binance CEO Changpeng Zhai believes that cryptocurrencies can provide significant benefits for all travelers.
“Let’s start with the airports and go from there … Real, in the place, the use case where you need help right now is the key to another cryptocurrency option, and from that point of view, there’s nothing better to be able to use your cryptocurency on the road right after you in a foreign country. “
Binance announced this partnership on Twitter, stating that users can now spend $, and tickets for Disneyland tickets. This was possible by the partnership between TravelbyBit and Binance.
TravelbyBit already has a network of distributors known in Australia as the “Commercial Route”. Travelers can pay in digital currency and merchants can opt for Fiat or crypto payments.
The CEO of TravelbyBit about some benefits of the agreement. He says that it reduces the need for more than a coin, especially if there are several stops along the way. He says the company works with major airports and retailers that want to offer their customers a non-standard payment option with non-traditional payment option with cutting edge technology.
TravelbyBit also received a grant of US $ 100,000 from the State of Queensland for its participation in Advance Queensland Ignite Ideas.
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