I am writing a review and commentary about an article I read. The article was written by Jamie Redman, who is a financial tech journalist and his article appeared on the Bitcoin news webpage. The article entitled Brisbane International Airport is the World’s First Crypto-Friendly Airport states that all merchants at the airport accept one of seven cryptocurrencies, including Steem!
The article contains several interesting bytes of information. The airport at Brisbane, is the third busiest in Australia. The merchants have entered into an agreement with payment provider Travelbybit a payment provider. They accept seven cryptocurrencies including our favorite STEEM!
It’s fascinating that every merchant at the airport was able to convert. It’s great that it wasn’t a home grown solution, but a “ turn key” service provided by an outside vendor. This means it can be also installed at other airports, train stations and perhaps rental car establishments. This system built by “Travelbybit allows retail transactions with cryptocurrency.
Yes, planes, trains and automobiles rented using cryptocurrency.
This is a remarkable development for a few reasons. For one it indicates that the “Holy Grail” is being realized. That Holy Grail is the ability to use your cryptocurrency to buy real world items like food, clothing, books, newspaper and other consumer goods.
When we study economics in school, we are taught that this is a central tenet of value. This ability to purchase goods and services” is necessary for the general populace to to value cryptocurrency and as such this small news story is actually a big story.
Just as drop by drop, the rain literally wears down the mountain, story after story shows the real world utility of cryptocurrency. Mass adoption is coming, we just need to weather the bear and bull markets between now and then, and then gets closer every day.
✍️ by Shortsegments