The trend away from accepting cash during COVID-19 in Victoria has seen a sharp rise in the popularity of digital currency, and one of Victoria’s most prominent kids’ charities is leading the way.
Melbourne-based TLC for Kids, headed by former Australian of the Year 2014 (Local Hero category) Tim Conolan AM, has introduced Qoin digital currency to TLC for Kids to attract more business support and donations.
“The timeframe is right for us to introduce digital currency to our day to day operations and our donation platform.
“COVID-19 has seen many businesses turn to digital currency and we are doing the same. We want to adapt to where our donors are.
“Cash will remain in place, but it is no longer king.
“We have taken on the Australian based digital currency Qoin because we think it is a good fit for us and believe that it is getting very popular.
“Qoin is telling us that around 7,000 merchants have taken it up throughout Australia over a six-month period and that is quite comforting to us, especially as Qoin is Australian based.”
Over the space of six months, more than 7,000 small business merchants, including many in Melbourne, are now accepting Qoin, the newest digital currency built on blockchain that offers cashless transactions
TLC for Kids oversees around one million service offerings a year for sick kids and their families across Australia.
“We are starting to see signs emerge of the damage COVID-19 is doing to the Victorian economy, and to the families we support.
“We hope that Qoin users and other digital currency brands will support us with digital currency in the same way they have supported us with cash.
“Qoin provides the gateway for that to happen.”
Over the space of six months, more than 7,000 small business merchants, including many in Melbourne, are now accepting Qoin, the newest digital currency built on blockchain that offers cashless transactions.
And now Melbourne is being specifically approached following research undertaken by Qoin that shows Melbourne 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 Melbourne and we have a dedicated sales team of independent agents that are in contact with Melbourne businesses.”