COVID-19 has produced a new cashless way of doing business with businesses in Perth’s northern coastal suburbs moving towards a new payment method, digital currency, that is fast growing in value.

Owner and operator of Coastal Shutters and Blinds since 2010, Peter Ford says the growth of Australia’s newest digital currency Qoin has surpassed his “wildest expectations” in a short time.

A long-time investor in the share market, he saw Qoin as “an opportunity to move away from the existing business platform of payment” and has ridden the wave of the digital currency’s exceptional growth for the last three months.

“I’m always open to doing new things, new adventures. The usual business model has been set up by our peers. When I first heard of Qoin, I thought this could be very helpful in where I want my business to go in the near future.

“Qoin is another way of doing business, another form of advertising, another way of getting product out into the marketplace.

“I thought Qoin could have huge potential for my business. As far as an investment, it’s been greater than my wildest expectations.”

“The growth of Australia’s newest digital currency Qoin has surpassed his “wildest expectations” in a short time”

Supplying internal blinds, internal shutters and external alfresco blinds to residential and commercial projects throughout Perth and Western Australia, Coastal Shutters and Blinds has also seen an influx of new Qoin customers.

“I’ve already been approached by a couple of people in regard to using Qoin as a platform of payment. In such a short time, this level of activity is very encouraging and I’m considering accepting Qoin for our installation service.

“Once this platform that has been set up by Qoin grows and grows, there are going to be more people that see this as a form of payment.

“I think everyone should be open to new ways of doing business; open-minded enough to have a look at it and base your decision on reliable information.

“I think there are huge possibilities of where Qoin can take other people’s businesses.”

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

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

“With coronavirus restrictions easing, we’re seeing consumers leaving their homes and heading back to local businesses. The small business merchants taking up Qoin are ready for this groundswell of new and returning customers.”

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