- 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:
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.