Iran-Welcomes-Tourists-by-Integrating-Cryptocurrencies-Within-its-Tourism-Sector

Iran Welcomes Tourists By Integrating Cryptocurrencies Within Its Tourism Sector

It has been recently revealed that Iran’s tourism sector will be welcoming cryptocurrencies, as the digital assets are considered equivalent to money (i.e. legal tenders) reports BTC Manager who referenced Al-Monitor (https://btcmanager.com/irans-tourism-sector-recognizes-cryptos-legal-tender/).

The decision to welcome cryptos stems from the fact that Iran’s currency devaluation is negatively impacting its tourism sector, forcing European tourists to visit elsewhere. As per the claims made, many tourism-focused firms have since incorporated cryptos into their businesses to ease traveling and spending for tourists, while offering them a wide range of services due to the amount of money this method can save for said firms.

BTC Manager provides an example of said firm as being, IranByBit, which is supposedly operated by a group of Iranian millennials who believe that the country should also have an opportunity in competing against others within the crypto industry.

Another example that resides within the crypto sphere is Rmoney, a novice crypto exchange. Based on existing information, Rmoney’s native currency was created with the intention of serving within Iran’s tourism sector. CEO of Rmoney, Mehdi Naseri noted that their endeavor is to initiate payment processes, especially in regard to the complications that arise due to “foreign payments”. Here’s an extract of Naseri’s viewpoint:

“As payment challenges in this sector are resolved, more foreign tourists will be attracted to Iran, which in addition to generating foreign currency revenues, will provide employment opportunities for residents.”

This doesn’t come of surprise, as Iran has been contemplating on crypto uses ever since it felt the heat coming from the United States as previously reported by Bitcoin Exchange Guide (BEG). Now that they are going forward on their plans to include digital assets, this could bring more awareness on how cryptos can help a country’s economy.

What are your thoughts on Iran’s reliance on crypto for promoting tourism in the country? Let us know in the comments below.

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