Last night at 'Salt House' on the Cairns Pier, I spoke about blockchain technology and how money (or value) can be sent by anyone to anyone in seconds using the power of XRP.
I was participating as a trial TEDx Speaker at the James Cook University (JCU) event, giving a packed audience a short insight into how blockchain works and how it's being applied by real-world companies like BHP Billiton, IBM, Amazon, Microsoft and more.
But what was most well received by the audience was the fact that it would take at least 24 hours via the banking system (or an entire weekend if today was a Friday) to send them just $20. Yet I could send a million dollars in value to anyone in the world in under 4 seconds from my smartphone.
I don't know yet if I'm selected for the October 2018 TEDxJCU event as a speaker, but if my twitter response in just 12 hours is anything to go by... I've got my fingers crossed.
My 'idea worth talking about' is for cryptocurrency to be accepted in Cairns by retailers, tour operators and hotels. I live in one of Australia's top tourism destinations, thanks to the Great Barrier Reef on our doorstep and miles of rainforest surrounding us on all sides.
Cryptocurrency can make it easier for people all over the world to plan and pay for a trip to Cairns. Blockchain is transforming entire industries right now and I'd like our city to be at the forefront of this change.
If the Queensland town of 1770 and the Brisbane Airport can adopt cryptocurrency payments, we can too.