$2.5 Million: Binance Invests in Aussie Crypto Payments Startup to Push Adoption

[gudjhonson]

A step that indeed had a good impact on Binance's development, slowly but surely Binance was able to become a popular coin and this was a potential team performance. Continuous development will give Binance more quality and ability to achieve a better position.

[1714824399]

1714824399

[1714824399]

1714824399

[1714824399]

1714824399

[Vaskiy]

This is a good initiative from Binance, one among the largest in the cryptocurrency exchange service. Now what they invest will get reflected soon when the cryptocurrency network becomes more popular around. These startups will help stand together and grow high, also it will add value to the Binance network.

[TravelMug]

As I have said in previous thread, Binance is now the gold standard as far as crypto exchanges.

They have said the bar so high that others platform as just left in the dust. They have been investing so much and that's a good thing. They are not like just wanted to make more out of this market. They are pushing the boundaries to make crypto be adopted globally so that's a good thing for all of us.

[servsec]

I know it is old topic but need know. Is travelbybit reliable? Any reviews from users here?

[SvonioneFromMangoCoinz]

This is truly one of the great projects. because I am also an avid traveler and I have a lot of problems paying for any service. Now we have travelbybit. Now I also tried travelbybit's service and it was really convenient. This will surely be an extremely successful business.

[dragon695]

$2.5 Million: Binance Invests in Aussie Crypto Payments Startup to Push Adoption
Australian cryptocurrency payments startup Travelbybit has seen a cash injection of $2.5 million from a high-profile investor in Binance, the world’s largest cryptocurrency exchange.

Crypto unicorn Binance is investing AUD $3.48 million (approx. USD$2.5 million) in TravelbyBit to further expansion of the latter’s network of cryptocurrency payment terminals following a successful implementation in Brisbane earlier this year, Business Insider Australia reported on Wednesday.

The two companies will jointly collaborate in introducing a point-of-sale (POS) system – already developed by TravelbyBit – into “major airports around the world,” the report added. The objective is to propel cryptocurrency adoption among travelers who commonly see friction in currency conversion and other markup fees.

Binance chief executive Changpeng Zhao said:

“Let’s start with airports and go from there…Real, on-the-ground, just-when-you-need-it use case is the key to further crypto adoption. In this light, there is no better fit than being able to use your crypto when travelling, just after you land in a foreign country, where you may not have the local currency.”
https://www.ccn.com/2-5-million-binance-invests-in-aussie-crypto-payments-startup-to-push-adoption/

It was exciting to hear this news. You know, when I was a full-time trader in the crypto market and all I had seemed to be crypto. I usually store it in wallets. For a full-time trader like me, the demand for vacation is huge and I often travel abroad but the problem I face most is the currency conversion process. It's quite complicated and takes my time when I have to go to the banks and do the money transfer procedure, ...
So hopefully travelbybit will make a miracle with this new market segment.

[kotik085]

I know it is old topic but need know. Is travelbybit reliable? Any reviews from users here?

Binance remains one of the very first in the crypto industry and makes a turn in bitcoin. This is very positive for the whole blockchain as a whole. Binance is a leader on exchange exchanges.

[clickerz]

A step that indeed had a good impact on Binance's development, slowly but surely Binance was able to become a popular coin and this was a potential team performance. Continuous development will give Binance more quality and ability to achieve a better position.

CZ of Binance is serious about the business and crypto. We have observed his efforts in doing so for crypto, and it is commendable. He really cares community and doing all he can for the adoption. Hope to see more leaders like him, who are after the adoption and creating more opportunity in crypto.

[jhontwis]

Let's take a look at the last 1 year. What happened except for Binance's moves? Binance has started a new trend. IEO did. This system has spread everywhere. Somehow the market came alive. Any other progress? Corporate capital would enter the market? What the hell happened? CZ leads the market.

[eaLiTy]

CZ of Binance is serious about the business and crypto. We have observed his efforts in doing so for crypto, and it is commendable. He really cares community and doing all he can for the adoption. Hope to see more leaders like him, who are after the adoption and creating more opportunity in crypto.

The brand is expanding and they have collaborated with many exchanges around the globe including local exchanges and a few days back i have seen them collaborating with Paxful too, they are having a global presence now and hopefully they will give importance to their security too and hopefully we will not hear about another hack in binance and if that happens then the entire thing will collapse just like that.

[Yatsan]

As I have said in previous thread, Binance is now the gold standard as far as crypto exchanges.

They have said the bar so high that others platform as just left in the dust. They have been investing so much and that's a good thing. They are not like just wanted to make more out of this market. They are pushing the boundaries to make crypto be adopted globally so that's a good thing for all of us.

It seems like Binance exchange is now the bitcoin of the exchanges. Binance as the largest crypto exchange is being offensive since they are getting a lot of support from their users and project listings are just feeding them. Did you guys know that the binance investment on TravelByBit is just a cost of a single ( or maybe 2) coin listings? I know it costs a maximum $3million for a coin to be listed with full utility and advertisement. This is just a small fraction of what binance can do to influence using the cryptocurrenies. I hope other exchanges would follow the steps of binance in getting into mainstream.

[TravelMug]

CZ of Binance is serious about the business and crypto. We have observed his efforts in doing so for crypto, and it is commendable. He really cares community and doing all he can for the adoption. Hope to see more leaders like him, who are after the adoption and creating more opportunity in crypto.

The brand is expanding and they have collaborated with many exchanges around the globe including local exchanges and a few days back i have seen them collaborating with Paxful too, they are having a global presence now and hopefully they will give importance to their security too and hopefully we will not hear about another hack in binance and if that happens then the entire thing will collapse just like that.

It's business after-all, in within the span of two years, they have built their reputation, works with difficult companies resulting in Binance being one of the biggest crypto exchange, if not the biggest, Kudos to CZ.

But they've become so powerful that hackers targeted them and successful stealing tons of money. And there are some people saying that CZ though has become too powerful at it expands globally. So I wouldn't say that they are 'caring' about the community, for me it's just like any other business.

[sana54210]

It is always nice to see Binance growing their company to bigger and bigger, remember this is how the non-crypto startup world grew so bigger and avoided the tech bubble and became such huge companies. Microsoft purchased so many companies until they are this big, same with apple, amazon, google, facebook and many others.

So, binance could buy or invest into other smaller crypto companies, can build something new from ground up or do whatever they want with their money but as long as they are focusing on growing with the profits they are making right now I am sure it will become one of the leading crypto companies in the whole world even if they are not right now. The moment they purchase Coinbase and move into USA market as well they will be unstoppable force in crypto world.