Binance Invests in Launching Crypto Payments in Airports Globally

Binance has teamed up with an Australian company TravelbyBit, investing $2.5 mln. The startup aims to set up crypto point-of-sale (POS) systems in airports

Wed, 3/10/2018 - 10:21

Binance Invests in Launching Crypto Payments in Airports Globally

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The world’s largest crypto exchange Binance has teamed up with an Australian company TravelbyBit, investing $2.5 mln. The startup aims to set up crypto point-of-sale (POS) systems in airports locally and globally. So far it has launched a crypto payment system in Brisbane airport.

With the money received from Binance, TravelbyBit intends to set up crypto payment terminals in other major airports around the world, aiming at accelerating crypto mass adoption.

Presently, the new POS terminals accept the top coins — BTC and ETH. Soon the native coin of Binance, BNB, will be added.

Apart from TravelbyBit, Binance has invested in a few more startups based on its platform.

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About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.