Binance invests in adoption of crypto-payments in airports

Binance invests in adoption of crypto-payments in airports

We talked previously of the Brisbane airport, the first one in the world to accept cryptocurrencies as payment inside its commercial premises. Now, we'll talk about Binance, the renowned Asiatic exchange that, with a $2.5 million USD investment, is looking to implement digital asset payments in other airports.

Binance recently signed a deal with the Australian startup TravelByBit, aimed at duplicate the consumption and payment system the company launched at the Brisbane airport last January, in order to complete its global expansion.

The Asian Exchange wants to provide the airport users with the chance to pay for their souvenirs, meals and transportation with crypto-assets, minimizing the impact of exchange rates through a friendly user payment app.

If the initiative is successful, people would be able to make payments with Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin cash (BCH) and DASH, as well as with Binance’s token, the ERC20, known as BNB.

In addition to make payments in the Australian airport, TravelByBit also allows in its platform payments for cruise ships, flights, tours and hotels, using any of the aforementioned digital coins, included in the network the company works with.

Cryptocurrencies and the Blockchain technology that supports them are ideal for travelers from all over the world because of their transnational nature and their increasing global popularity, both as a payment method and the trading for fiat money.

Since the use of digital coins has thrived in the travel sector, the airport project will further strength them, because airfields are the key for a bigger acceptance of digital money, considering they provide people the chance to use their cryptocurrencies when they travel.

Landing anywhere in the world _ maybe in a country where they don’t have the currency of the traveler’s origin place _ without worrying about currency exchange, is one of the most appealing benefits of the Binance’s project.


By Ana María Morales

  •  Ana Maria Morales Rosales

    Ana Maria Morales Rosales

    Profesional en Administración de Negocios Internacionales con especialidad en Gestión Contable y Financiera y empresaria independiente, cuenta con 5 años de experiencia en la comercialización de intangibles y la creación de equipos de trabajo de alto rendimiento, conformados por emprendedores de diversos sectores del mercado, tanto en Colombia, como en otros países de Latino América.

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