- IGA supermarkets are accepting crypto payments via Travelbybit's point-of-sale (POS) device.
- Bitcoin is increasingly being accepted all over the world by merchants.
Independent Grocers of Australia (IGA) is a network of 1400 independent retailers spread all over Australia. These merchants are now accepting Bitcoin and other cryptocurrency payments. According to Nugget's news report, Caleb Yeoh, the co-founder of TravelbyBit integrated with IGA Supermarkets Australia to equip all the stores with a TravelbyBit's point-of-sale (POS) instrument that supports payments in Bitcoin, Ether(ETH), Litecoin (LTC) and Binance Coin (BNB).
Yeoh told the reporters:
"Regardless of whether I’m buying eggs, milk, fruit, or vegetables, I now have a way to pay for my groceries with cryptocurrency. The same goes for any other cryptocurrency owners shopping at Bowen Hills IGA.”
TravelbyBit, that caters to the travel and tourism industry, aims to facilitate travel bookings using cryptocurrencies. The firm has also built a POS terminal for retailers who wish to accept crypto payments. As previously reported by Bitcoinist, Bitcoin collaborated with TravelbyBit to launch a POS payment method to incorporate blockchain technology in major airports across the globe. For this, Binance said it had invested over $2.5 million.
Retailers have been increasingly accepting Bitcoin. For instance, a news outlet reported that Oasis Supermercados, a major Brazilian supermarket chain, had started to accept payments in Bitcoin and other cryptos, using Coinwise as the platform. Additionally, a few Argentinian merchants have been accepting crypto payments as well. In September 2018, it was reported that a butcher shop in Cordoba was accepting Bitcoin payments.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.