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Cryptocurrencies are making relevance and keeping their pace towards bringing their use cases in as many real-life fields as possible.
The idea for the emergence of cryptocurrency itself was generated after thinking of a payment system that is easily accessible to anyone without depending upon any intermediary that is decentralized and not under the control of any authority. Being a payment mode or asset that can be used for exchange is the primary goal of digital assets. However, individuals don’t get and think of it as an investment hedge, but organizations and industries understand and keep bringing ways to implement it as a payment gateway.
As for many industries, cryptocurrencies can be suitable and transform according to the need. But what about the use of crypto in the travel industry? The question is evident as in terms of payments and transactions; travel businesses differ from others.
Travel businesses like international travel, hotels, etc., are highly competitive industries. A number of arrangements in which airlines, hotels and agencies provide tourists for custom to vacationers. Every other participant in the field always tries to get an extra edge and outdo others in the feature they could offer. Maybe payment options turn out to be another option for them, a new ground to bring competition but with the advantage of many opportunities to innovate and reward their customers.
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Crypto transactions are looking their way to step up and pace up in the travel space, and it seems that it’s going to accelerate throughout this year.
A number of big brands and names in the space are on to bringing crypto as their next big thing. For instance, Travala.com, a blockchain-based travel agent platform, hinted that it was enhancing bitcoin payments provisions by opening its door to allow millions more crypto bookings.
Another big news came when Head of Airbnb Brian Chesky Tweeted a poll asking followers about their opinion on new features they would like to have on the platform. After the poll ended, Brain cheerfully shared the result at the top spot for changes acquired by crypto demands. Other options in the poll were the IPO prospectus with the use of digital coins in future.
Such a lenient approach of Airbnb is worth noting as it is considered the titan of the travel sector. A company that stands at a valuation of $100 million and boasts a user base of more than 150 million, its stand towards crypto means a lot for the space. However, it concerns its volatility, viability and, of course, its impact on the environment.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
