Binance Is Investing $ 2.5 Million In The Australian Blockchain Startup TravelByBit

Binance, one of the largest cryptocurrency markets, supported by the Australian payments company TravelByBit with distributed ledger technology (DLT), said in a statement to the stock exchange on Wednesday. The exchange has invested in a startup of a $ 2.5 million development payment systems at the point of sale in all airports of the world.

Platform TravelByBit already integrated into the Brisbane airport. The startup, founded last year, allows cryptocurrency payments for tourists across Australia without the need to exchange Fiat currencies at high rates. It offers to buy goods and services, including booking services, using virtual coins.

Currently, TravelByBit supports Bitcoin (BTC), Ethereum (ETH) and Litecoin. In cooperation with Binance, the Australian company has integrated payments with its own Binance Coin (BNB) token exchange.

In August, TravelByBit received $ 100,000 from the Queensland government to promote local tourism. The startup is based in Brisbane, the capital of Queensland.

Thus, at selected airports, travelers will be able to visit outlets at airports and use mobile cryptocurrency wallets for fast, convenient and secure non-cash payments.

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