Fraser Coast businesses are being encouraged to take up a new Australian based digital currency. And one well known Hervey Bay fashion accessories shop has hit the ground running.
Kashae Wings of Hope in Hervey Bay has put a toehold into the world of digital currency by taking on Qoin.
Qoin digital currency is headquartered on the Gold Coast and is now used by many hundreds of merchants and businesses throughout Queensland and in other States. “The Fraser Coast traditionally attracts a lot of international visitors because of whale watching and Fraser Island tourism,” said Qoin spokesperson, Andrew Barker.
“Those visitor numbers are down now because of COVID-19 but we know that people from overseas have a solid appetite for digital currency and that is why we are making a big push into Hervey Bay and the Fraser Coast.”
Kashae Wings of Hope is owned by Jeanine Croxon and sources much of its handcrafted fashions and accessories from Kenya, South Africa and Madagascar.
“We are about being different and innovative in everything we do in business,” Ms Croxon said.
“COVID-19 has seen a spike in the cashless method of payment which has been matched by a growing interest in digital currency. Qoin has its headquarters here in Queensland and we like the fact that it is fast to use and easy to understand. Digital currency is here to stay and is the way of the future.”
Over the space of six months more than 12,000 small business merchants, including many in the Fraser Coast, are now accepting Qoin, the newest digital currency, built on blockchain, that offers cashless transactions.
And now the Fraser Coast is being specifically approached following research undertaken by Qoin that shows Fraser 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 Fraser Coast and we have a dedicated sales team of independent agents that are in contact with Fraser 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.”