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Brisbane Airport enable cryptocurrencies to be used in all terminals

Brisbane Airport (BNE) in Australia announced on January 24, 2018 that it will soon launch cryptocurrency payments within its terminal shopping areas, making it the first airport terminal to accept cryptocurrency payments.

According to local reports, the airport is working with a well-known local company, TravelByBit to promote a new payment system based on cryptocurrencies at the airport. With this system, travelers can make payment in cryptocurrencies such as Bitcoin, Ethereum, Dash etc. at coffee shops, stores and restaurants within the airport.

A representative of Brisbane Airport Corporation’s (BAC), the general manager of strategic planning and development expressed that the airport is going to be a pioneer when it comes to digital currency payments in the aviation industry. Thus the action seems to make sense because people who invest in digital coins, often travel around the world. And a digital currencies payment option will encourage and facilitate transactions at the airport’s terminals.

The partnership between the airport and TravelbyBit will soon promote “genuine use case for cryptocurrencies” to allow travellers to buy digitally.





The advantages of paying with cryptocurrencies

While bitcoin is still not widely accepted at most retailers and traders, but quite a few of travel sites have already adopted it for their payment options. Travelers can use bitcoin as a way to low the international credit card fraud risk, the cost of currency exchange, ATM withdrawal fees and transaction fees.

In the past, there were Expedia which started in 2014, a travel company that accepts travel booking in bitcoin, and recently Japan’s H.I.S Co.,Ltd. also introduced the same service.

H.I.S. Inc. started introducing bitcoin settlement at 38 stores in the metropolitan area since late September last year through BitFlyer’s payment system. Bitcoin that can be used at one time is limited to 2 million yen equivalent. H.I.S can be said to be leading travel agency to accept digital currency settlement at the first store in the industry.

According to Bitcoin.com, last summer Japan’s LCC Airlines Peach Aviation announced plans to provide various bitcoin services to customers. They promised to install bitcoin ATM in Kansai International Airport and provide payment services with cryptocurrency at duty free shops.




Conclusion

Due to the recent collapse of bitcoin, countries around the world are cautious about adopting cryptocurrency settlement.

The government and authorities are showing trends towards strengthening the regulation of cryptocurrency, but not all countries deny the possibility of cryptocurrency which alleviates the problems of the legal currency. If the cryptocurrency settlement spreads widely in the travel field, people won’t be bothered by the trouble of legal currencies exchange or expensive fees, and the era of traveling around the world using bitcoin and cryptocurrencies will come to us.




References:

https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-escalate-crackdown-on-cryptocurrency-trading

http://www.bi.go.id/en/ruang-media/siaran-pers/Pages/sp_200418.aspx

http://fortune.com/2017/12/21/bitcoin-travel-cryptocurrency-bookings/

https://news.bitcoin.com/major-japanese-travel-agency-accepts-bitcoin-and-offers-bitcoin-exclusive-discounts/

https://cointelegraph.com/news/worlds-first-cryptocurrency-airport-in-brisbane

https://news.bitcoin.com/brisbane-airport-to-introduce-bitcoin-payments/

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