Australia’s newest digital currency is targeting the recreational, Thoroughbred and sport horse equine market in every state and has had its first “win”—in Western Australia.
A one year old colt has changed hands just north of Perth.
Sandra Gallegos from Butler within an hour of Perth, who owns and operates Timeesa Park Knabstrupper and Friesians Australia, has sold the colt, ‘Timeesa Park D’Artagnan’ for 4,500 in Qoin digital currency to a breeder at nearby Bindoon.
It is Qoin’s first step into the equine market, but it won’t be the last.
“We will be chatting to people at the prestigious Magic Millions sales on the Gold Coast to see whether Qoin can be used at sales over the next few years, given that Qoin is also based on the Gold Coast,” Qoin Australia Chief Marketing Officer Andrew Barker said today.
“The horse market is one we are keen to have a presence in, but it is one small step at a time, and we have just taken that first step in Western Australia.”
Sandra Gallegos said she did a lot of homework on Qoin before proceeding with the sale.
“Qoin now has around 12,000 merchants signed up over a six month period and has a very solid footprint in Western Australia,” Sandra said.
“As far as I am concerned, Qoin is as good or even better than cash because it has potential to grow in value.
“I think it will soon find its place in Australia’s billion dollar racing industry and other segments of the equine market.”
In the last nine months, more than 11,000 Australian small businesses have joined Qoin, the newest digital currency. Built on blockchain, Qoin offers merchants and consumers an innovative and secure alternative to connect and interact.
Qoin Australia Chief Marketing Officer Andrew Barker says, “Merchants and consumers are becoming more aware of the concept of digital currency. Global trends indicate that digital currency is the future way to conduct business.
“Supporting small business is the cornerstone of Qoin. The Qoin model stands apart from other digital currencies in that the value of Qoin increases as the merchant ecosystem grows. The more businesses that join the Qoin community, the more everyone benefits, providing a vital boost to local economies.
“Now more than ever, Australian small businesses are looking for innovative ways to sustain cashflow and make the most of their down time. Qoin enables them to do both while offering a payment method to their customers that is fast, secure and virtually contactless.
“Qoin has had huge take up in Australia with more than 11,000 validated merchants joining the Qoin community in the first nine months. With Qoin launching into New Zealand and further global expansion planned in 2021, Qoin is confident that this success can be replicated in other countries.”