TravelbyBit Crypto Payment App Receives Grant from Queensland Government to Help “Boost Tourism”


TravelbyBit: In a move to try and boost tourism in Australia’s second-largest state, Queensland, the residing government has proposed it will back a local crypto payments startup using its new  ‘Advance Queensland Ignite Ideas’ grant.

What’s Going On?

On Wednesday, the Queensland government announced on its website the details of an $8.3 million AUD grant which will be given to 70 domestic companies looking to bring innovative business to the area.

Businesses focusing on cryptocurrency especially seem to have piqued the government’s interest as it specifically mentioned the Queensland-based startup TravelbyBit—a start-up that aims …

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