More

    Medical Tourism May Be the Future, But Crypto-Tourism is on the Rise Currently Spreading Worldwide

    With the digital currency market once again showcasing signs of major upward financial movement, companies like TravelbyBit have reported that tourists across Australia have already facilitated “thousands” of crypto tx’s at stores located all throughout the nation’s borders.

    • According to numerous reports, ‘crypto-based tourism activities’ seem to be on the rise all over the world.
    • These days crypto-travellers can facilitate a majority of their payments using altcoins such as Bitcoin, Ethereum, XRP etc.
    • Owing to the fact that spending crypto has become extremely streamlined, travellers can now enjoy their holiday sojourns without having to make use of traditional banking systems at every step of their journey.

    European Countries to Allow Residents to Pay with Crypto

    Since the start of 2018, there has been a surge in the overall utilization of alt-assets across the globe. For example, the ‘crypto tourism’ industry has witnessed a massive growth in its total capitalization over the past 12 months or so.

    In this regard, it is worth mentioning that a number of cities and towns located across countries such as the United States, Australia, Netherlands now allow people to pay for their purchases through the use of digital currencies.

    If that wasn’t enough, a number of merchants — namely TravelbyBit — allow their clients to pay for their flight bookings via premier alt-assets such as:

    • LTC (Litecoin)
    • BNB (Binance coin)
    • BTC (Bitcoin)

    In relation to the matter, Caleb Yeoh — CEO of TravelbyBit — recently stated that by allowing people to use digital tokens to process their online transactions, his company was opening up an all new dimension of flexibility for its core user base.

    “You can book anything from flights, accommodation, shuttle taxis. I want to invite anyone to try.”

    At this point in the article, it is worth noting that people travelling through Brisbane airport can see crypto adoption happening in real life – since a host of duty free merchants located within the complex allow tourists to buy their desired items using different altcoins.

    With that being said, large-scale mainstream adoption still has a long way to go — primarily because the masses are still not educated regarding the true potential of this burgeoning asset class. However, a start has nonetheless been made.

    Blockchain Cruise Tickets Sold Out

    According to Bitcoin proponent Gordon Christian, the flagship currency’s recent performance has helped spur the growth of the altcoin industry (as a whole) and has allowed people to become more accepting of this nascent sector.

    As per data available online, TravelbyBit has already processed more than $500,000 worth of crypto tx’s in airline bookings.

    A Blockchain Cruise company recently released a circular online claiming that tickets for its upcoming event had been sold-out — thereby pointing to the fact that a lot of people were looking for avenues via which they could spend their crypto earnings.

    Aussie blogger ‘Jaide’ Barclay is currently on a 12-week crypto world tour. She is reportedly only making use of her digital wallet to facilitate her day-to-day payments.

    In closing out this piece, we need to mention that TravelByBit was able to procure Binance’s official financial backing a couple of years back. As per a spokesperson for the company, the firm’s next POA involves the deployment of an all new platform that will allow users to book bus and train tickets using crypto assets.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Shiraz J
    Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,354FansLike
    2,774FollowersFollow
    4,134FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Exchange Binance Looks To Join Houbi, OKEx In Launching A Mining Pool

    Top crypto exchange Binance has plans to launch its own mining pool, according to a Russian crypto news outlet Coinlife on Tuesday. The news was...

    Coinbase Custody Moves Tezos (XTZ) Staking Bakery From US to Ireland For Regulatory Reasons

    Coinbase has managed to move the Tezos Staking Bakery, the largest validator since its launch in 2019 which the exchange has been operating since...

    BitMEX’s Operator HDR Global Grants $100k Towards Bitcoin Core Development

    BitMEX’s parent company HDR Global Trading Limited has awarded $100k to the Bitcoin core developer Michael Ford. This will be the second grant towards...

    Bitcoin, Ethereum, DogeCoin, Lightning Network's Code to be Buried Under Arctic Ice

    The Bitcoin codebase snapshot will be encoded onto film and afterwards be stored for 1,000 years under ice, in Svalbard, Norway. The move is included...

    Huobi Wallet to Integrate Crypto Lender Cred Allowing Users To Earn Interest

    The crypto exchange offering wallet services Huobi has closed a partnership with the decentralized crypto lending company Cred in order to offer user's interest...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.