Australian State Government Invests in Crypto Startup to Promote Regional Tourism

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Australia is not the first country to integrate digital currencies into the tourism sector. Earlier this spring, the German National Tourist Board (GNTB) announced that it started to accept BTC and other cryptocurrencies as a form of payment for its services.

In June 2014, IrishCoin was launched to boost the tourism sector in Ireland. The coin aimed to promote tourism by acting as a discount voucher at participating bars, restaurants, hotels, and tourist attractions. At press time, IrishCoin is trading at $0.0065 with a market capitalization of $231,648, or 30 bitcoins (BTC).

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