When Camellia Strong bought $2,500 worth of Qoin in March 2020, she knew nothing about cryptocurrencies and had never made a purchase.
Less than a year later, her stake in the Australian cryptocurrency is worth more than $60,000, based on Qoin’s current price. The growth of Qoin has enabled her to set up a new business, the Divine Wellbeing Centre, at Mt Colah in NSW.
How she’s using Qoin
Camellia signed the lease for her premises in October 2020, just as the second wave of COVID was beginning.
She sold some Qoin to help pay the lease and spent some on employing painters, an electrician, a website designer and a solicitor.
Camellia describes the investment as “divine timing”.
“It relieved me of so much worry.”
She says the wellness centre is a place for rejuvenation of the mind, body and soul, offering everything from yoga and massage to tarot card readings and women’s circles. There are consultation rooms for hire for alternative therapies, a meeting space for events and a retail business selling skincare products made by local home-based businesses.
It was her first commercial lease and her first dealing with a solicitor and she couldn’t have been happier.
“They were all such beautiful people who went out of their way to help. I think some of that came from being part of the Qoin community.”
Becoming an advocate for Qoin
She learned about Qoin through her previous involvement with Bartercard, the world’s largest goods and services retail trade exchange. Bartercard International is a founding member of Qoin and many of the Bartercard merchants have joined up with Qoin.
At the moment, Camellia says it feels like there are more merchants than customers using Qoin, so most of the transactions are business to business. But she expects that to change rapidly.
She agrees there is a bit of a divide between younger people who are used to cashless transactions and many older people who feel virtually naked without cash.
“But I’m 52 so I don’t know if it’s entirely due to age.”
Down the track, she intends to educate her customers about the benefits of using a digital currency like Qoin.
“I think there’s a blind faith in cash but it isn’t going to exist in the foreseeable future. There are so many benefits to using a digital currency.”