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Cryptocurrencies are a popular way to pay vacation vacations

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You probably need to use Cryptocurrency To pay off that ransomware hacker who frozen your laptop, but where else can you actually use all your Bitcoins, Ethereum and other digital coins? ??

Tesla may I don’t know yet Regarding re-accepting Bitcoin for electric cars, now that travel agencies are warming up to the idea, cryptocurrency holders can use the tool in other ways.

Airfare Website Cheapair.com, Latvian Airlines Air Baltic, Richard Branson’s Virgin Galactic Has accepted Bitcoin for a long time, and a Berlin-based tour and activity booking site GetYourGuide I started taking DogecoinWas processed via BitPay in June as part of the expansion in the United States

Johannes Reck, CEO and co-founder of GetYourGuide, said cryptocurrency trading is “really important to travel” and his company is considering accepting other coins in the future.

“People want to get their ciphers back into the system [and] Travel is one of the biggest categories out there, “he added. You can apply it to get a real, dynamic experience. “

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Cryptocurrencies also appeal to the younger generation of travelers, industry players say.

Alex Simon, co-founder and CEO of the upcoming travel app Elude, said the next generation of vacationers are “looking for the latest ways to plan and book their trips.”

“The ability to buy airline tickets or hotels via Bitcoin or other cryptocurrencies is inevitable,” he added. “The travel industry is outdated, but new generations of travelers, Gen Z and Alpha, will demand new payment methods and alternatives for purchasing travel.” (Generation Alpha is generally after 2010. It is believed to consist of people born in Japan, often millennial children.)

For other tourist players currently trading in cryptocurrencies, Nevada’s new Resorts World Las Vegas A property that makes selected payments through a partnership with the British crypto exchange company Gemini, and the Bobby Hotel in Nashville, Tennessee, where guests can book stays and events in Dogecoin and other cryptocurrencies via BitPay.

As part of that, online travel agency giant Expedia stopped accepting Bitcoin directly in 2018, but since 2020, over 700,000 Expedia Group via crypto-enabled booking platform Travala.com Hotels and accommodation are available.

Travala.com has also partnered with Tripadvisor-owned company Viator to offer over 400,000 bookable activities and Zomato, a food delivery outfit.

According to CEO Juan Otero, 70% of all bookings are digital coins at Travala.com, a self-proclaimed “blockchain-based” that accepts payments in its own native AVA altcoin and 50 other cryptocurrencies. increase. According to the company, there are currently more than $ 1 million in business per week.

“These are major partnerships with some of the world’s largest online travel brands, all of which use cryptocurrencies,” said Otello. “Overall, Travala.com offers over 3 million travel products and is not the largest crypto-friendly product. [online travel agency]But overall it is one of the biggest. “

Is B & B currently a “bed and blockchain”?

Matthew Rite | Photo Disc | Getty Images

Cryptocurrency models are also beginning to change the travel industry itself. Otero said it is at the core of Dtravel, which Travala.com described as a new decentralized home-sharing network built on the blockchain model launched in June.

“There is no single board of directors that makes all the decisions,” he said. “Instead, this new home-sharing network is fully driven by the community through a” Decentralized Autonomous Organization “where all hosts or guests can participate. “

According to Otello, the blockchain technology on which Dtravel is built facilitates “smart contracts” between hosts and guests. The platform revolves around the native crypto token TRVL.

Tokens are provided to all registered hosts and can be purchased by all guests. Those who have TRVL are voting members of Dtravel DAO. (According to Otello, more than $ 35 million in TRVL rewards were booked for the first 100,000 hosts to register with Dtravel. On July 21, Dtravel had more than 200,000 properties in more than 2,000 cities. Announced that they participated. More than 1 million rentals were made in the first year.)

There is certainly no remote island visited by many crypto enthusiasts.

Juan Otello

CEO of Travala.com

“Organizers can propose, vote and approve changes in pricing, organizational policies, community financial usage, and more. [them] Control the fate of the Dtravel platform to meet evolving needs. “

In the world of estimated 100 million cryptocurrency holders spent by consumers, that all makes sense, Otello said. Over $ 1 Billion Cryptography Visa network alone in the first half of 2021. April 1 Travalala.com Survey Of the 1,000 Americans, 71% of respondents will spend more on travel than before Covid, and an astonishing quarter say they will pay some of it using cryptography.

Nevertheless, cryptocurrency trafficking may appear to be a special subset of the population, such as much of the world’s Elon Musk range. But in general, people who use digital coins at Travala.com book everything from cheap travel at online travel agencies to luxury concierge-branded products, Otero said. Cash or credit.

“Sure, there is no remote island visited by many crypto enthusiasts,” he added, but the adoption of crypto at Travala.com’s second and third most popular destinations is the world average. Said it was higher than. Turkey and United Arab Emirates. (The United States is the largest seller of platforms.)

“Travel is, of course, a desirable experience for using cryptocurrencies, as more people own cryptocurrencies and more businesses accept them for real things,” he said.

of course, Bitcoin The value of competing coins can fluctuate significantly. As a result, travel agencies do not use volatile tokens and tend to have third-party payment processors convert them into fiat money at the time of purchase, Otero says.

Consumers also book options. “In general, we pay more credit cards for travel when cryptocurrencies are falling than when they are rising,” Otello said.

Cryptocurrencies are a popular way to pay vacation vacations

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