A Brisbane-based Bitcoin exchange has caught the eye of Queensland’s University of Technology (QUT), which awarded the start-up $15,000 in funding.

Digital Surge was selected among eight innovations to receive the money, as part of QUT’s ‘Bluebox Accelerator’ program.

“We look for the most innovative start-ups across all disciplines,” said the program mentor Dr Tim MacTaggart.

“This year we have a bright group who cover the emerging Queensland interests including cryptocurrency, retail and some of our most pressing social issues such as homelessness.”

The QUT Bluebox accelerator is a three month intensive program aimed at getting start-ups ready for fast-tracking commercial growth.

As well as the funding, selected teams receive funding, mentorship, education and office space.

Digital Surge co-founder Josh Lehman says his company is excited to receive the recognition.

“This program gives us the opportunity to further develop our entrepreneurial skills and and ultimately deliver a better product for our customers,” Mr Lehman said.

“Since our launch we have led the industry in providing our in-app instant support to our end users, something that we are very proud of.

“We believe cryptocurrency is the future of the finance, and want to enable all Australians to be able to access this new resource.”

About Digital Surge:

Digital Surge was founded by young tech-entrepreneurs Josh Lehman, 30, and Dan Rutter, 39, in 2017.

The exchange aims to make the process of buying Bitcoin simpler and cheaper, by offering a no-frills platform. You can sign-up using Australia Post’s ground breaking digital identity service, Digital ID.

Users can also pay bills using their cryptocurrency directly from Digital Surge.

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