Tourism in Australia more Crypto-Friendly
In a move backed by the Australian government, local crypto startup TravelbyBit will expand operations to bolster online sales of tourist experiences using cryptocurrency.
TravelbyBit is one of 70 domestic companies to receive a portion of the Advance Queensland Ignite Ideas grant, an AUD$8.3 million grant, given to companies looking to innovate in the region, according to CCN.
Although the TravelBit app is already in use in over 30 outlets in the region and 150 outlets across Australia, this new funding will support job growth and expansion that will attract more tourists by allowing them to purchase holidays with cryptocurrency from anywhere in the world.
CoinMarketCap Quarterly Update Brings New Features
CoinMarketCap, a Cryptocurrency market data website, has added several new features following its scheduled quarterly update.
As reported by Newsbtc.com, the additional components include a professional API, information on crypto derivatives markets, exchange ranking updates, a digital currency glossary, and more. These updates come on response to users requests for more functionality, and to address the growing number of institutional funds and cryptocurrency products in the space.
U.S. Treasury Discusses Crypto in New Fintech Report
In a new report on Fintech, the U.S. treasury addressed regulatory issues and innovations in the Cryptocurrency sector. Published on July 31, the report touched on Cryptocurrencies and distributed ledger technologies (DLT) such as blockchain, and advocates for more oversight and exploration. As reported by Cointelegraph.com, these and other issues being “explored separately in an interagency effort led by a working group of the Financial Stability Oversight Council.”