Brisbane is the new cryptocurrency capital of Australia, could become the world’s top crypto destination

Queensland, Australia’s second largest state, is looking into cryptocurrency to bring tourists to the area. With a sizeable grant given to a startup that will enable visitors to pay for every aspect of their travel using digital currencies, Brisbane is on its way to becoming Australia’s new crypto capital, Gizmodo reports.

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A Brisbane-based startup, TravelbyBit, has received two rounds of funding from the state government and, in turn, has transformed its hometown of Brisbane into one of the most crypto-friendly cities in the world.

According to a September 3, 2018, report from Gizmodo, Queensland’s sizeable grant will enable visitors to pay for every aspect of their travel using digital currencies like Bitcoin.

TravelbyBit is one of the 70 startups to receive the Advance Queensland Ignite Ideas funding. Caleb Yeoh, CEO, and co-founder of TravelbyBit said that the $100,000 received from the Ignite Ideas project would help the firm to build upon the solid business foundation it has laid in Queensland.

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