Cryptocurrency News

Australian Crypto Startup invites Steve Wozniak on a Crypto Holiday Town

Australian Crypto Startup invites Steve Wozniak on a Crypto Holiday Town

An Australian travel technology startup has encouraged Apple co-founder Steve Wozniak to Agnes Water and Town of 1770, the nation’s first digital currency cities.

Brisbane-based TravelbyBit extended the invitation following the American inventor voiced his pursuits to travel the entire world utilizing only bitcoin, as mentioned by local book Micky. The organization, which enables companies to take bitcoin and assists travelers explore the entire world on cryptos, advocated Wozniak to utilize their portal site to book flights into the shore towns in Australia’s Central Queensland area.

In a wider context, the tweet helped people understand that the ecosystem of cryptocurrencies. Wozniak’s openness to journey on cryptos signify the need of the vast majority of those crypto holders, i.e., to utilize bitcoin to make purchases in real time. At precisely the exact same time, TravelbyBit’s tendency to fulfill with the requirement by allowing merchants to take cryptos completes the ring of a few of those Bitcoin’s main use cases.

In addition to all, the tweet makes it possible for people to observe the openness of retailers and customers to switch to other payment mechanisms which are more economical and more hassle-free compared to their conventional counterparts. Agnes Water and Town of 1770 is a prime illustration showing how users are available to the thoughts of decentralized payment systems such as Bitcoin. The cities have over 30 companies that take bitcoin among the payment procedures.

Also Read: Bitcoin Emissions could disrupt the planet if not controlled

Traveling with Cryptos

If a person looks at a case study of a normal tourist travel from, say New York to Queensland, then he’ll be required to get a costly traveling card, which would tear off 3-5 percentage commission off each trade, or swap his/her US Dollars to Australian Dollars through over-the-counter trades. The latter could also charge high commissions for a job as only as converting the fiat.

Bitcoin surely solves this dilemma by turning into a worldwide token which reduces intermediaries in the conversion procedure. An individual can take it everywhere in an electronic format, cover retailers by paying a minimal transaction fee billed by the system and swap it for other fiat currencies at relatively cheaper prices compared to OTC money exchanges.

Also Read: Volavia releases first Blockchain-based platform for private air travel

TravelbyBit CEO Caleb Yeoh reported that travel with Bitcoin is not any less than going with a single global currency.

“If you travel the planet you’ve got to manage many currencies, the exchange rate could be perplexing, sometimes you fight to locate ATMs, and at times you get swindled by money changers,” he clarified.

What is more, Brisbane International Airport additionally started accepting cryptocurrencies across terminals at a world-first at retailer locations through point-of-sale programs manufactured by TravelbyBit.

Wozniak, if he accept the invitation, can hasten a gradually-moving crypto revolution in his very own manner.