Property developers are finding that blockchain currencies like Qoin, which offer cashless transaction options, are the way to go during Covid-19

New South Wales property developers are turning to a new Australian based digital currency to help them through uncertain times caused by COVID-19.

Thirty-year property sector veteran, Garry Braams, who heads Sydney-based property development company Next-In-Line Pty Ltd T/A Max-Dwell located at Dee Why, has embraced the new Qoin digital currency and believes it will prove very popular in the property and development sector.

Mr Braams has over three decades of experience in the property sector and he expects other builders and developers to look at new ways of doing business as a result of COVID-19.

“Qoin has hit the market at the right time and the fact that it is Australian based and with a strong take up has given me a lot of comfort. Australians have been told during COVID-19 to look at avoiding cash, so it got me thinking about digital currency options,” says Mr Braams. “I like Qoin because to use it is quick and convenient.”

Mr Braams currently is working on property development projects in Newcastle, New South Wales, and has wide experience in project homes, land development and townhouse projects.

“In this market, which is surrounded by so much uncertainty, everyone – including the property development sector – has to look at new ways of doing business. There are now hundreds of digital currencies out there, but not many have the results that Qoin has achieved and nor are they head quartered in Australia.”

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

And now Sydney is being specifically approached following research undertaken by Qoin that shows Sydney 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 Sydney and we have a dedicated sales team of independent agents that are in contact with Sydney 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 Kailash Gyawali on Unsplash

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