Inside the beach town where you can pay for your holiday in bitcoin [Video]

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A Queensland beach town allows tourists to pay for holiday entirely with bitcoin  Coastal town Agnes Water north of Brisbane to cash in on digital currency boomOver 30 businesses accept digital currencies from resorts, pubs and day spasBy Sam Lock For Daily Mail Australia...

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  • A Queensland beach town allows tourists to pay for holiday entirely with bitcoin
  • Coastal town Agnes Water north of Brisbane to cash in on digital currency boom
  • Over 30 businesses accept digital currencies from resorts, pubs and day spas

Sam Lock For Daily Mail Australia

A Queensland beach town has become Australia’s first holiday destination where tourists can pay for their trip …

The coastal town of Agnes Water in Queensland (pictured) has become Australia's first holiday destination where tourists can pay for their trip entirely with digital currency
The coastal town of Agnes Water in Queensland (pictured) has become Australia's first holiday destination where tourists can pay for their trip entirely with digital currency

The coastal town of Agnes Water, with its pristine beaches a five hour drive north of Brisbane, is set to cash on the digital currency boom by turning its primary industry - tourism - digital

A billboard reading 'Welcome to Agnes Water 1770, Australia's first digital currency town' sprang up near the town centre on Sunday with locals joking about 'buying bait with bitcoin'

Over 30 businesses in the town accept a range of digital currencies from resorts, tour operators and restaurants, to the local pub and day spas (Pictured: local businessman)

The coastal town of Agnes Water, with its pristine beaches a five hour drive north of Brisbane, is set to cash on the digital currency boom by turning its primary industry - tourism - digital
The coastal town of Agnes Water, with its pristine beaches a five hour drive north of Brisbane, is set to cash on the digital currency boom by turning its primary industry - tourism - digital

Queensland start-up TravelbyBit rolled out its point-of-sale app to facilitate crypto payments in the town and throughout Queensland (Pictured: the startup's founder Caleb Yeoh)

'People who use cryptocurrency … it's a social movement and they believe in it, and therefore they support places who take it,' he told the ABC

Queensland start-up TravelbyBit rolled out its point-of-sale app to facilitate crypto payments in the town and throughout Queensland (pictured)

'Five dollars in Bitcoin six years ago is now worth a few million dollars ... There's a lot of people with money in digital currency and a lot of them use this for travel,' Mr Yeoh said