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Mountain Scene
April 24, 2021
By PHILIP CHANDLER
A Queenstown brother and sister are agents for a new digital currency they believe local businesses can only benefit from.
Qoin, which started in Australia early last year, allows buyers and sellers to interact without any fees.
For businesses to join it’s also free, and they receive 50 Qoin which, since it’s currently valued at just over $9, is worth about $400.
Would-be customers down load a Qoin app on their phone which has a directory of Qoin
merchants to choose from.
In addition, customers can buy and sell items on the app.
Mark Wikstrom says with Australians owning about 50,000 Qoin ‘wallets’, many will be travelling to New Zealand, now the trans-Tasman bubble’s open, so that’s another source of custom for Qoin businesses.