NEM (XEM) and four other cryptos simplify travelling the world 12237
News
Chaitanya Thammaya
Jun 5, 2018 at 5:22 PM

Southern Cross Backpackers is the newest in line to accept NEM (XEM) as a means of payment. Brisbane International Airport also recently announced that they’ll be accepting NEM (XEM) and four other cryptocurrencies for payments. NEM also made an announcement stating that the XEM token can be used for payment at the Brisbane Airport.

“Brisbane Airport to offer cryptocurrency payment facilities — thanks to @TravelbyBit! These merchants proudly accept #NEM $XEM as payment!”

Travelbybit is an Australian cryptocurrency payment provider. According to their twitter profile, they “help local businesses accept Bitcoin and crypto travellers explore Australia.”

The company tweeted about Southern Cross Backpackers accepting cryptocurrency payments saying,

“Travelling the world using digital currency is easier than you think. Southern Cross Backpackers in #VisitAgnes1770 accepts NEM and four other digital currencies. We stopped by tonight for a look around, a fireside chat, and a few rounds of table tennis.”

Brisbane International airport is ranked the third busiest airport in Australia. Travelbybit in collaboration with Brisbane Airport Corporations’ (BAC) initiated the acceptance of crypto payments at the Brisbane airport. According to sources, the partnership is expected to increase acceptance of NEM for payments at other airports too.

Caleb Yeoh, the CEO of Travelbybit says,

“We’ve got travelers from all over the world testing it out and I think the merchants are really excited — They have been telling us they have been getting a lot of interaction from all the different visitors and that’s created a bit of a buzz.”

Adopting NEM for payments

A BAC representative while acknowledging the partnership said that the company aims to make payments much easier for their customers. He added that the company believes this partnership will aid retailers become more relevant and resilient against online shopping’s threat. NEM’s adoption among other coins in the air transport industry is increasing with merchants at the airport now accepting crypto-payments.

A trader at Forte Café in the airport called Jason Lee is amongst those merchants who’re now accepting XEM for payments. Agnes Water Tavern, Ambrosia an Indian restaurant in Gympie Australia are also merchants who accept payments in NEM. NEM also tweeted about a group of traveller who paid in XEM to go see the Great Barrier Reef.

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All in all it seems the cryptocurrency is bouncing back well from its loss at the Japanese cryptocurrency exchange Coincheck.  A hacking of the Japanese exchange led to the loss of NEM coins worth $530 million.

Image via Shutterstock

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