02 Mar Coast firm launches cryptocurrency | News Mail
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GOLD Coast-founded trade exchange business Bartercard has taken until its 30th year to launch a product for consumers.
Bartercard was founded in 1991 by Wayne Sharpe, Andrew Federowsky and Brian Hall.
It grew to become the world’s largest trade exchange with offices in seven countries and thousands of merchants, who used Bartercard dollars to trade, across Australia.
In 2007 the local management team, comprised of Trevor Dietz, Mr Hall and South African expatriate Tony Wiese, bought the Australian arm for $25.5 million and went on to buy the international arm.
The three retained a 52 per cent stake in the business when it launched on the ASX as BPS Technology and valued at $58.5 million.
Bartercard owner Tony Wiese has launched a cryptocurrency called Qoin. Pic Tim Marsden
In 2016, the listed entity took a huge step when it bought Entertainment Publications, a restaurant and activity guide that provided discounts from restaurants, hotels and attractions in…
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