While just last month we reported that US-based Surf Air had taken to the skies with a new decision to accept cryptocurrency in exchange for flights, Brisbane Airport in Australia has now taken things further in a bid to become the world’s first cryptocurrency airport terminal.
Local media reports that the airport is now working alongside both local and international firms to ensure that the entire airport terminal is cryptocurrency friendly – meaning that travelers will soon be able to pay with Bitcoin, Ether, or Dash at stores, coffee shops, and restaurants.
The move will see the Airport partner up with TravelbyBit, a cryptocurrency payment system, which will enable passengers to use their favorite cryptocurrency as tender.
Presiding over the early announcement, Roel Hellemons, the General Manager of Strategic Planning and Development, quipped that “Many people around the world have made money investing in cryptocurrencies and a lot of these people travel internationally, so it makes sense to offer a digital currency experience within our terminals.”
The news marks a new entry in Australia’s warm relationship with cryptocurrency. In May of 2017, Australian regulators ruled that Bitcoin would be treated as money and would be exempt from goods and services tax. Subsequently, Bitcoin traders and investors are not taxed for purchasing or selling Bitcoin through regulated exchanges.
Similarly, Australian government announced that it will provide $8 million AUD for a new blockchain-powered utilities project in partnership with Power Ledger in November last year.
The development would see the project, which will begin on a trial basis, be set up in the City of Fremantle, where project partners (among them, Power Ledger) have contributed a sum total of $5.68 million AUD.
Have your say!
Do you feel it is feasible for airports and other travel exchanges around the world to accept cryptocurrency as tender? Join the conversation with us on Twitter @coininsidercom!