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!
Come and join us in the Team Australia Discord Channel
Thanks to @ryivhnn and @bearone for the fantastic footers :)
Mate, that is so awesome.
Hopefully this will be the norm in a few years.
It's going to be awesome when you can spend any coin/token anywhere you choose.
That is true financial freedom.
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That's what you call STEEM going mainstream. Sitting alongside the big players.
Perth should get there in 2045 😉🤣
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Lol! You only got Sunday retailing last year didn't you? 😁
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@choogirl 2012
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I know. I was taking the piss.
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This is incredible, I hope this movement continues to pick up STEEM.
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Wow!!! Sounds interesting. Brisbane is gonna be the Cryptocurrency Capital of the World.
It's also good to know that people, retailers have validated the use of the cryptos like fiat money. It's a good sign as far as the crypto world is concerned.
It's just a matter of time when other parts of the world will soon take same steps Australia has already taken.
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Upvoted, facebooked and resteemed. We want to see more of this!
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Through this, steem will be introduce to people from all walks of life in no time. To the moon!
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Really excited about the movement!!!👏🏻 Hoping for a day where we can all travel by bit!😉
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Yes yes, this is all very great, but can I buy dog treats with it yet? If so, may be worth a trip over to rainy Brisbane!
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As someone living in Brisbane, this is exciting news and a big step forward for mainstream adoption. Once I earn some Steem I'll have some places to visit!
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This is super exciting man, lets hope more and more continue to get on board. The changes are coming and I'm glad to see someone is thinking of steem, the future is looking bright.
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Slowly but surely STEEM is getting some recognition!!
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This is brilliant news mate, and in my home town. I must admit I never expected to see a ch7 clip with the steem graphic on display. Well researched and presented scoots
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New information for me
Thank you so much
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This is a breakthrough for Steem to be recognized and accepted to more and more merchants around the world. I have a mini- appliance store and soon I will be accepting Steem, too.
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Great stuff, still a bit behind here in perth but hey good excuse for me to go to brissy and hang out in the vally.
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Nowadays cryptocurrencys are going down...
have you any exact reason???
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I reckon it's because a few of the biggest exchanges have stopped accepting new accounts. No new accounts means little new money entering the market. Therefore demand drops while supply remains constant.
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We should see this type of initiative in every country around the world. I should go to Brisbane and pay with my Steem made from this awesome platform.
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Disclaimer: I am just a bot trying to be helpful.
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Nice find! I'll test them out the next time I'm up there.
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That's nuts. And incredibly exciting.
C'mon Melbourne! Get on board!
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Your post is very interesting. I would like to ask how your prediction about bitcoin 2018 is whether it will go up or it will decrease
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Wow this is good news
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We sat down with Jayne and Keith who head up Royal Black, where we learned about why they’ve chosen to accept digital currency in their business, where they think their industry is headed, and their ultimate objective for the future.
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oooh thats really cool if its true!
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Oh it's true! Check out their website.
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thanks for the Infos, i will do it
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Thanks for sharing that, I will tell my boyfriend to have a look at your post because I am sure he will want to try ! Keep posting please, this is good advices 😄 Have a good day !
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This is great news! Do you know any other places/cities that are doing something similar? I'm really hoping Europe will catch up soon. Also bitshares or smartcoins would be great as payment!
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Hell yes!
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Hi.. nice blog.. @wews
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That is so cool! Hopefully this catches on and spreads throughout the great land of Oz!
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Of course it's the Valley. All those Asians know what's good.
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Can't wait to see this spreading to more retailers around the country.
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Awesome. Will need to check these out when I’m next in Brisbane
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Good and encouraging news indeed.
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Awesome hopefully visiting a friend in Teneriffe next month (next suburb over) ......gonna get me a muffin. Cheers J
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Hoping that Steem will soon be recognize here in the Philipines. 🙏
But Bitcoin now is accepted by limited market here.
Long live Steemit! 😊
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Ahhh that's so awesome! Hope they spread over here much, much sooner than @bmj's prediction XD
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I have the same feeling as when the apple launched the IPOD....the progression from then was amazing... digital currency and in particular the blockchain will have a simplistic effect on business transactions... your bank will Be your smart phone
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This is amazing news. Steemit is a great platform and its still a baby. Just imagine its full potential 💪
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Haha thats awesome ! I have never seen anyone using it for paying in restaurant. Way to go Australia ! Hopefully more countries see the potential in Steem and start using it.
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this is really an exciting news that steem is being used for payment processor.
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This is awesome news! Many people failed to recognize the STEEM is also a viable cryptocurrency. Hope there will be more mainstream adoption in the future.
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"Bitcoin has virtually no transaction Fees"
Ya it is as true as it doesnot feel cold in winter.
Yes steem has no transaction fees that is for sure. But also lacks an external wallet as far as i know. Correct me if i am wrong.
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Really liked how you put this article together.
Exciting information and looking forward to what the future holds :)
Regards
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Cool to know. Thanks for sharing! Seems I can get some Asian food with Steem at Fortitude Valley next time :D
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This is incredible, I wish somewhere in the USA would make a good push to do this.
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Coins mentioned in post:
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STEEM is looking underpriced on that list.
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That's amazing let's hope that trends continues through 2018
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I agree on using steem to pay, but imagine using Bitcoin to pay for your goods? Are you going to wait there for a whole week? That is of course if the merchant haven't implemented segwit.
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