More businesses in the area embrace digital currency

Business owners in Mudgee, New South Wales, are broadening their income streams using Australia’s newest digital currency.

Long-time florist Cearna Illy who has owned and operated Flower Obsession for 12 years, opening her store northwest of Sydney three years ago, says the Australian based Qoin was an immediate “yes” for her business.

“I thought the whole concept was new, innovative and exciting. I am always looking at ways to attract new clients into my business and with the opportunity to have an additional income stream, it was a yes for me.”

The first Qoin merchant in Mudgee, New South Wales, she plans to use the digital currency to buy goods and services for her business and is considering accepting payment in Qoin in store.

“I’m open to doing a lot of things with Qoin. When I was first introduced to it, I thought what have I got to lose? I may as well give it a go.

“Qoin is something new and different for the retail industry. I would like to utilise it for purchases for the shop. I’m excited to see what happens.”

Since opening her own store in 2017, Mrs Illy has expanded her range of homeware and gifts and now sells custom and repurposed furniture with the help of her husband.

“We make our own candles and diffusers. My husband also does metal work and timber shelving and bookcases. I’m keen to get him on board with Qoin.”

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

And now Mudgee is being specifically approached following research undertaken by Qoin that shows Mudgee 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 Mudgee and we have a dedicated sales team of independent agents that are in contact with Mudgee 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.

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