Crypto-currency Retailers accepting STEEM
More and more retailers across the inner-city suburb of Fortitude Valley in Brisbane, Australia are accepting payments for goods and services with cryptocurrencies. Dash, Bitcoin, Litecoin, Ethereum and STEEM are being accepted at a variety of stores as retailers in the trendy suburb acknowledge that cryptocurrencies are easy to use and have virtually no transaction fees.
This featured on the local news tonight here in Australia:
You can watch the news broadcast here: https://twitter.com/twitter/statuses/955720992042532865
How are they doing this?
A local company called TravelbyBit Australia are opening up a series of merchants across Australia that accept payment in a number of cryptocurrencies including STEEM.
Their vision is as follows:
We believe that one aspect of Bitcoin that holds back its full potential is the public's perception that there is no practical use for the currency. Building our merchant network will lead to significant visibility among the community and will change this perception.
There are several initiatives now allowing Bitcoin payments through traditional debit cards. However, these use the traditional banking systems' Point of Sale terminals, and merchants and customers themselves aren't receiving much awareness about Bitcoin at all.
TravelbyBit payment system is fundamentally different. Our merchants facilitate genuine peer-to-peer transactions. Through the use of digital wallets travellers pay with their choice of digital currency, creating an awareness of Bitcoin amongst the merchants, their staff, and their customers.
Source
Most merchants are currently centred in the inner-city Brisbane suburb of Fortitude Valley, but the company aims to expand rapidly to a variety of merchants as cryptocurrency becomes more readily accepted as a method of payment.
This innovative company seems to be ahead of the game when it comes to cryptocurrency and is leading the way here in Brisbane in facilitating the use of different cryptos to be used to pay for goods and services. I am really excited by the prospect that they have included STEEM as one of the crypto's that can be used for payment.
For more information head over to their website: http://www.travelbybit.com
They also have a steemit account @travelbybit. Check out their posts
TravelbyBit is now on Steemit: Making Bitcoin World Travel Possible and Travel to Queensland, Australia Using Steem!
Thanks for reading.
Note: I am not associated with Travelbybit or any of their merchants.
Awesome Steem Witnesses!
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Thanks to @ryivhnn and @bearone for the fantastic footers :)