Victorian businesses are embracing digital currency in the wake of COVID-19 to improve cashflow and give their customers another payment option

John Miseski, who has been in the café industry for 15 years, having owned three previous franchises before establishing his iconic café in Wodonga, says Australia’s newest digital currency Qoin is faster than EFTPOS.

Blind Freddy’s Café, loved by locals for its car and motorbike displays, has added payment in Qoin to the menu as an easy “tap and go” payment method.

Mr Miseski says, “We use Square for our normal EFTPOS, which is quicker than what the banks can transfer money. With Qoin, it’s even quicker, which is just incredible. It’s bang, straight in there in our account.”

With plans to expand Blind Freddy’s Café in Wodonga and establish new locations in regional New South Wales in the future, Mr Miseski says Qoin was a “great opportunity” for his hospitality business. “We’re excited to be at the ground level of a new type of digital currency. We wanted another payment option for our customers that is just as efficient as EFTPOS, allowing them to tap and go. Qoin is a different avenue for people to be able to pay. We’ve got our QR code on our counter and our Qoin sign on the door. We’re training our staff, so using Qoin is fluent for both our customers and our staff.”

Together with his wife, Shelley, Qoin marks Mr Miseski’s first experience using digital currency in his business. After being introduced to the technology, he knew it was the right fit for Blind Freddy’s Café.

“Everyone is talking about digital currency and we weren’t too sure about it at first. Once we found Qoin, we felt comfortable—that was part of the sell for us—and we’re becoming more and more comfortable with it. We added Qoin to our business because it’s an easy payment method for our customers and an easy digital currency for our staff to understand.”

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

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

Image by Anastasia Gepp from Pixabay

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