You can use cryptocurrency to pay for a party on the Gold Coast, but it’s not ‘a world-changer’

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It is a form of money that few use and most probably do not even understand, but cryptocurrency has been slowly edging its way into the mainstream.Key points:Emerging Australian cryptocurrency aims to attract cautious ‘mum and dad’ investors, rather than ‘crypto-nerds’But reputational issues and price volatility has consistently plagued the widespread adoption of cryptocurrenciesThere is suggestions that bank and government intervention could reassure consumers in cryptocurrency potentialYou can even pay for a night in a Gold Coast party limousine with a form of currency that did not exist this time last year.”I didn’t know much about the cryptocurrency stuff but I wanted to learn because I missed out on that Bitcoin stuff,” said party limo operator Chris McMilan.He said he began accepting payments via the Australian cryptocurrency Qoin in June and about half-a-dozen customers used it since then.”I’ve put a Qoin sticker on each vehicle so you might be driving along the highway and then go, ‘Oh, that hummer takes Qoin’,” Mr McMilan said.But cryptocurrencies are known for their volatility and while the future looks bright for some, it may still be some time before you will be paying for your morning flat white …

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