Bitcoin now accepted in Australian supermarket chain “Independent Grocers of Australia” (IGA)

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.

Rajarshi Mitra Independent Analyst

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.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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