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 it’s new  ‘Advance Queensland Ignite Ideas’ grant.

What’s Going On?

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

Business focusing on cryptocurrency especially seems to have piqued the government’s interest as it specifically mentioned Queensland-based startup TravelbyBit – a start-up which …

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