TRAVELLING WITH CRYPTOCURRENCY: IS IT POSSIBLE?

Blockchain through cryptocurrency has been a major point of focus in the world of finance lately, with many opportunities offered. A huge amount of the world’s money resides as USDT and other cryptocurrencies as of date, talking about the cryptocurrency market as a whole. Among the latest are payments with cryptocurrency, with Bitcoin leading the race as blockchain gains more dominance and adoptions.

TRAVELLING WITH CRYPTOCURRENCY

It’s no news anymore about how popular blockchain/cryptocurrency is and the advantages it offers. And if it is to you, here is one of how it can be of importance to travelling. As you search online to be sure if the traveling agencies and airlines accept crypto payments, Travaland.com, Cheapair.com, airBaltic, Virgin Galactic all exist among the long list. Starting with Cheapair.com in 2013 that started as the first online travel agency to accept Bitcoin as payment, and airBaltic in 2014 became the world’s first airline to accept Bitcoin as a payment. These are dated back to when a cryptocurrency, especially Bitcoin, has not been so popular as of late. With the current level of cryptocurrencies almost a decade later, it is only natural to assume that many aspects of the travel industry would accept Bitcoin as payment. Right now, CheapAir and Alternative Airlines are said to accept seven cryptocurrencies and allow you to purchase tickets from 600+ airlines. When it comes to cryptocurrency payments for travel, travalnd.com stands out since it has automated much of the process, lowering expenses and allowing customers to pay in cryptocurrency.

Bitcoin, Dogecoin, Litecoin, and other cryptocurrencies have become extremely popular in online payments. Many people have just been aware of how their crypto wallets can be used as payment in the booking process. According to Similarweb, a web analytics company, there were 3,200 searches for keywords connected to travel and cryptocurrency in June 2021, compared to nearly none a year ago. And according to Alisha Kapur, a travel industry consultant at Similarweb, it’s a “niche” area of interest. This is to say that cryptocurrencies like Bitcoin, Dogecoin, and Ethereum aren’t just for investing anymore. As you buy USDT, Dogecoin, Ethereum, Cardano, etc., it’s only one of the commonest methods around lately to pay for goods ordered or book for travels online.

IMPORTANCE OF TRAVELLING WITH CRYPTOCURRENCY

According to a recent poll, 25% of respondents in the United States want to pay for trips with cryptocurrency. The figures are beginning to fascinate; there are around 300 million cryptocurrency holders worldwide. Payment of travel expenses with Bitcoin may come with a lot of conveniences and better traveling experiences if you have the heart to play it safe with one of the bottlenecks that come with cryptocurrency, such as the volatility of cryptocurrencies. Traveling might involve exchanging currencies for foreign notes. Many individuals have bitter experiences with the exchange rates where charges can be so frustrating alongside the exchange values due to banks’ exchange rates or businesses that engage in exchanges. With cryptocurrency, that comes with a faster rate and saves time for contacting banks for exchanges. All you need is the receiver’s address checked thoroughly and the alert sounds.  

Cryptocurrency extended its importance offering cashless policy similar-like scenarios where there is no point to be so down while you enjoy your time away on adventures. Like the bank apps, the crypto wallets reside on your mobile phones as you move around to transact at any time. Similar to the bank debit cards are crypto debit cards that have existed recently, with installations of cryptocurrency ATM machines becoming popular alongside, most specifically, Bitcoin ATM machines. According to Bryan Routledge, an associate professor of finance at Carnegie Mellon University’s Tepper School of Business, “a Bitcoin ATM machine might enable you to convert your dollars to Bitcoin at a petrol station in Pennsylvania and then convert it to euros in France.” He claims that you may cut or avoid costs, saving you money.

Aside from the known benefits of paying for travel, using cryptocurrency is the reward program as of late. Bitflex, Surfair, Pavilion Hotels, and Resorts, to mention a few rewards customers as they pay with cryptos while some for bookings for flight or lodgings.  

CONCLUSION

As cryptocurrency continues to have new use cases recently, with one of them being initiating transactions as you pay with cryptos due to its level of popularity, authenticity, and benefits, it’s only a matter of time, as more payments would be made both physically and online using blockchain through cryptocurrencies.

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