Binance, the largest cryptocurrency exchange by trade volume has invested in an Australian cryptocurrency startup, TravelbyBit. According to the sources, TravelByBit posted a post by saying that with the Binance, the crypto adoption will be taken to the next level. Growth is never by necessary chance; it is the result of the forces working together.
TravelByBit is a Queensland based startup firm. It focuses on the travel and the tourism mainly. It acts as a negotiator between the merchants and the customers. The travelers who want to travel can book the services using TravelByBit’s cryptocurrency exchange payments option.
Binance and TravelByBit are planning on creating a blockchain which is powered Point- of- sale payment system all across the airports which are the whole globe.
Changpeng Zhao, the CEO of Binance exchange stated that there is no better use of cryptocurrencies than the travelers using it right after landing in a foreign country. He also said that put your in TravelByBit and start tripping.
TravelByBit is offering major cryptocurrencies like Ethereum, Bitcoin, and Litecoin as an option for the payment. The company will also combine Binance Coins also for making payments.
After making this statement regarding the partnership of Binance and TraveByBit, Queensland Minister is for innovation and tourism. He told that it is great to see a local company partnering with such established multinational company that too in the blockchain and digital world.
The company also bagged a partnership with the Brisbane International Airport. It is the first cryptocurrency amiable airport. It will allow the travelers to pay through the digital currency in the airport’s stores, bars, restaurants, and the kiosks.
The Queensland state Government announced the grant of over 5.9 million dollars to the 70 domestic companies. TravelByBit is one of the 70 companies. The State Government reasoned this to be a useful one of the travel and the tourism industry of entire Australia.
Some of the bitcoin people are saying that the work is doing by the TravelByBit is inspirational. It is the next level of future but started now itself. It is great to hear from a start-up firm.
And it is good to hear that the start-up company is tied with the most established company.
Binance is based in Shanghai. The exchange is led by Changpeng Zhao and his company Beiji Technology. The exchange is best known for its fast processing speeds. In August 2017, the exchange announced that Yi He, co-founder of OKCoin, was joining the platform. Yi He is also known for being a renowned cryptocurrency evangelist. She’s one of the most respected and influential individuals in China’s online economy. After leaving OKCoin at the end of 2015, Yi He joined Yixia Technology as their Vice President. She later launched Yi Zhi Bo, a China-based broadcasting platform that exploded with growth in 2016.
Many investors have taken a closer look at Binance since Yi He joined, and the value of Binance Coin has risen by 40% at the time of writing.