Cryptocurrency is gradually becoming an acceptable means of exchange for physical items, and paying with Crypto for traveling is also one of many possibilities too. They are currently many sites that accept donations via cryptocurrency as well as pay for goods and services via cryptocurrency too. As many cryptocurrency owners indicate a willingness to spend, travel retailers are also moved in that gear to meet the demand.
One way to spend crypto on travel is to use eGifter to convert bitcoin into travel gift cards. Per CNBC, the company offers cards from American Airlines, Carnival and Celebrity cruise lines, Hyatt and Marriott hotels.
The following travel agencies have an option to make purchases for travel using cryptocurrencies: Destinia, CheapAir, BTCtrip, Berkeley Travel, Bitcoin Travel( Bitcoin Travel, is a travel booking site that’s been around since 2011 and accepts over 50 different cryptocurrencies) and Travala.com. Notably, Travala has partnered with Expedia, which means that crypto holders can also spend their money on more than 700,000 Expedia Group hotels and accommodations.
Are you wondering why companies accept cryptocurrency instead of literal cash? Here’s why
Most cryptocurrency offers an efficient means of transferring money over the Internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank-controlled fiat money. There has been a great deal of talk about how to price Bitcoin, and we set out here to explore what the cryptocurrency’s price might look like in the event it achieves further widespread adoption. Cryptocurrencies have been touted as alternatives to fiat money, just like any other successful currencies have six key attributes—scarcity, divisibility, utility, transportability, durability, and counterfeitability.
The cryptocurrencies has value because it holds up very well when it comes to these six characteristics, although its biggest issue is its status as a unit of exchange because most businesses have yet to accept it as payment.
Partly to get the jump on consumer demand. Over two-thirds of the people who use the crypto marketplace Coinbase plan to make purchases with crypto over the next two years, and retailers and service providers are increasingly jumping in to fill the gap.
For paying for trips through cryptocurrency most usually the transaction fees are much lower compared to credit cards, and since these coin transactions are irreversible, they don’t have to deal with chargebacks from fraudulent credit card purchases.
The above directly brings us to the understanding that cryptocurrency is the new cool and in a few years maybe widely accepted and in competition with fiat currency. Are you part of this cool?