Tech innovator Lawrence Chan is using the digital currency in his latest venture My Virtual Business Card

A Gold Coast based tech innovator with businesses around the world and who made part of his fortune via Bitcoin has taken up the new Gold Coast based digital currency, Qoin.

Lawrence Chan, who is a 20 year veteran in high tech business ventures in the United States, Australia and New Zealand, is using Qoin in his latest venture, My Virtual Business Card (, which offers digital business card product that instantly shares all your contact details, social media profiles using ‘Your Smart SMS Name’($4.99 p/mth).

Mr Chan said he was one of the early Bitcoin users and made part of his wealth through the early success of Bitcoin.

“I bought into Bitcoin when it was trading at $50.00 because I could see the strong potential of digital currency and that potential materialised. Qoin is a completely different product, but its potential is enormous because it is merchant friendly and customer friendly. It is based here on the Gold Coast which means it is a system that I can literally touch and feel. That has given me a lot of comfort.”

Mr Chan said My Virtual Business Card now operates in Australia, New Zealand, Canada, United States and United Kingdom and digital currency in those countries was increasing its market share year on year as a way to pay for services.

“We work with digital in our day to day business and now we are happy to offer a digital payment option for our customers.”

In recent months, hundreds of businesses based in Queensland have joined Qoin. Some of the Qoin merchants operating in Queensland include major chains such as Bakers Delight and Muffin Break, as well as businesses in the coffee, hospitality, automobile, media, marketing, industrial and commercial sectors.

Over the space of six months more than 7,000 small business merchants, including many in the Gold Coast, are now accepting Qoin, the newest digital currency, built on blockchain, that offers cashless transactions.

And now the Gold Coast is being specifically approached following research undertaken by Qoin that shows Gold Coast businesses and merchants are keen to get involved in digital currencies. Qoin Australia Chief Marketing Officer Andrew Barker says, “We have done our homework in the Gold Coast and we have a dedicated sales team of independent agents that are in contact with Gold Coast businesses.

“The current economic climate off the back of COVID-19 has encouraged many businesspeople to open their eyes to new ways of doing business and that includes digital currency.”

Mr Barker says the time is ripe for digital currencies, like Qoin, as coronavirus has paved the way for small businesses to consider digital currencies to attract new customers and facilitate instore transactions.

Photo by BRUNO EMMANUELLE on Unsplash


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