TravelbyBit CEO Opens up About the Partnership with Binance

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KYRENIA, CYPRUS - SEPTEMBER 21, 2018 Binance mobile app on running on smartphone. Binance is a leading cryptocurrency exchange founded by Changpeng Zhao in august 2017.

TravelbyBit is an innovative company looking to make cryptocurrencies more usable in day to day life. Recently, the company partnered with the largest cryptocurrency exchange in the world Binance and piloted the use of its native coin, Binance Coin (BNB). The exchange published an interview with TravelbyBit CEO Caleb Yeoh to highlight their partnership and initiative with the startup.

Binance’s Investment in TravelbyBit

Earlier in the month, Binance announced an investment in TravelbyBit. The young company had just made Australia’s Brisbane Airport the first cryptocurrency-ready airport in the world. Binance saw the potential and jumped at the opportunity. Weeks after the partnership was announced, the startup introduced support for BNB Coin payments in an Australian bar. Currently, it is busy integrating support for the Binance native coin across all the merchants it is working with.

TravelbyBit’s focus on tourism and its integration with merchant payments could help in moving forward an important goal for the exchange – bringing new use cases to the Binance Coin. TravelbyBit will soon announce the completion of merchant integration.

The Kitesurfing CEO

Caleb Yeoh, a kitesurfing enthusiast and CEO of TravelbyBit has several plans for his company. He has helped in driving greater crypto adoption in Australia, increasing its scope to several hundred merchants. Binance asked him about his recent trip to Malta and interaction with CZ to which he said:

“Malta is truly the Blockchain Island. The energy and excitement there was amazing. The reception CZ and Binance had from the regulators and government folk was what blew me away. The country is truly grateful for the help Binance provided in shaping the blockchain island initiative.”

He was also impressed by CZ’s message:

“In an industry where some have called the Wild Wild West, in the absence of rules, you can still act ethically.”

His crypto adoption ambition began with kitesurfing. He liked to visit new locations but was uncomfortable with the inconvenience and fees related to multiple currencies while in transit. That was when Yeoh thought about investing his time into cryptocurrencies and creating one payment system for the world.

He also said that mainstream businesses are risk-averse and tend to shy away from crypto coins, but some organizations want to try something new. TravelbyBit offers minimal setup fees and zero ongoing merchant fees. He also said that Binance is a good fit for his company as both intend to bring a blockchain and digital coin revolution.

TravelbyBit CEO Opens up About the Partnership with Binance was originally found on [blokt] – Blockchain, Bitcoin & copy trading cryptocurrency.