News and Announcements
Cryptocurrency startup TravelbyBit secures $3.5 million investment from world’s biggest cryptocurrency exchange, Binance
- Published October 08, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- TravelbyBit has secured a $3.5 million investment from the world’s biggest crypto-exchange, Binance.
- TravelbyBit are hoping to work with Binance to introduce cryptocurrencies into more airports on a global scale.
- The Binance Coin will become the fourth cryptocurrency payment form used on the TravelbyBit payment platform.
Cryptocurrency startup TravelbyBit has secured a $3.5 million investment from one of the world’s biggest crypto-exchanges, Binance.
Binance has a reach of $1 billion valuation and has $10 million users globally.
The Binance Coin will become the fourth cryptocurrency payment form used on the TravelbyBit payment platform.
The two companies will work together to introduce cryptocurrencies into more airports across the world.
TravelbyBit are already trialling their platform across four airports, including Brisbane Airport, and two airlines.
This collaboration allows people to use cryptocurrencies at over 30 retail stores in the airport and book holidays.
TravelbyBit Co-Founder, Caleb Yeoh said that the investment partnership is a ‘fantastic endorsement.
About TravelbyBit
TravelbyBit is opening up Australia to digital currency tourism. We enable businesses to accept payments in cryptocurrencies like Bitcoin. We also connect crypto travellers to our growing network of merchants. We currently have over 200 stores across Australia. Our campaign -“The world’s first digital currency airport” drew global media attention including 7 News, FoxNews, Lonely Planet and Time.com.
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