New Aussie digital currency proving popular in Perth

Digital currency is starting to get a foothold in Perth’s giant Lakeside Joondulap Shopping Centre.

One of the Centre’s best known restaurants, the Chinese Orchid BBQ Noodle Bar, is starting to use Australia’s newest digital current Qoin.

It joins a long list of Perth businesses which have adopted Qoin into their customer payment options.

Being in the restaurant business for more than a decade, May said Qoin is her first foray into digital currency and she was excited by its likely take up.

“I know that a range of other Perth businesses are using Qoin and they are part of the 7,000 merchants in Australia who have come on board. We get a strong Asian student customer turnout and they are all digital savvy and they have asked me previously about whether we take digital currency. Up until now, we have not found a digital currency that fits our needs. But we have turned to Qoin because it is based in Australia, is fast and easy to use and is aimed at merchant-to-customer.”

Ms May said COVID-19 had forced the hospitality sector in Perth to look at new ways to do business.

“I did my research and it is clear that digital currency is here to stay. It is not going to go away and I have to move with the times. Qoin is the perfect fit for what we do and I expect it will prove popular not only for my restaurant but also other Lakeside Joondulap businesses are also likely to give it a try.”

In recent months, hundreds of businesses based in Western Australia have joined Qoin, putting the west in the front runner position as the nation’s fastest adopters of the blockchain technology.

Some of the Qoin merchants operating in Western Australia include one of the state’s best-known jewellery chains, Smales Jewellers, which has been operating for 83 years, as well as businesses in the hospitality, automobile, industrial and commercial sectors.

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.”

Photo by Orijit Chatterjee on Unsplash


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