Making purchases with cryptocurrency can often feel like a challenging task, yet it is still possible thanks to certain stores and service platforms supporting the technology. In this article, we delve into how cryptocurrency can be used for booking travel — something that could become commonplace in the years ahead as mass adoption increases. We’ll look at some of the manners you can securely use your crypto coins or tokens when making any kind of reservation online. Read more about interesting crypto news in Crypto Globally.
Ways of Using Crypto While Travelling
When it comes to travelling abroad, cryptocurrencies can be incredibly useful. With a bit of knowledge of the options available to you, cryptocurrency can make your trip much smoother and easier. Below we’ll dive into how crypto can help you out during each stage of your holiday.
Arranging and Using Travel Insurance
Filing an insurance claim can be both complicated and lengthy. Fortunately, blockchain technology is offering innovative solutions to streamline the process of buying and claiming insurance. Etherisc’s recently launched protocol application simplifies the purchase process by allowing customers to pay in cryptocurrency—plus, certain claims are executed automatically on the blockchain. For instance, a change registered in your itinerary due to a flight delay or cancellation will immediately trigger an insurance claim payment via the blockchain system without any human intervention necessary.
The application, which is derived from the Ethereum blockchain, is meant to present a far more economical as well as effective way of safeguarding against travelling interruptions. It is possible to effortlessly and immediately buy a policy on the internet, spend with your bitcoin – then have your insurance protection instantly triggered in case of an issue.
Paying by Crypto Debit Card
If you’ve searched everywhere for a place to use your Bitcoin but still haven’t found that perfect pizza, don’t worry – there’s one more option! Consider using a crypto debit card. This type of card lets you spend cryptocurrency the same way as if it were cash from a regular debit card; the merchants will receive fiat currency payments with each purchase, and most cards also support ATM withdrawals. With this convenient solution, you can enjoy total flexibility when travelling and spending cryptocurrency.
Usually, changing your crypto to fiat implies a long off-ramp process as well as a few days of wait simply to obtain the money and begin consuming it. A crypto debit card performs the transformation in a few seconds, enabling you to enjoy the flexibility of getting your crypto while continually having the ability to invest it however you want.
Booking your Hotels and Flights
Travala is at the forefront of transforming travel through blockchain technology, giving customers access to over 2.2 million global properties and an improved rewards system for using cryptocurrency. Accepting more than 50 leading cryptocurrencies from around the world, travellers on Travala can get great prices with fairer returns in the form of AVA tokens – making this a truly unique platform to book flights and hotels.
Travala is leading the charge when it comes to allowing travellers to pay with cryptocurrency, but they are not the only company doing so. Emirates has indicated that they may be accepting Bitcoin as a payment option soon and this move could spur other major carriers into taking similar steps towards embracing digital currencies.
Finding Crypto-friendly Local Vendors
Finding stores and businesses that accept cryptocurrency for payment can be challenging, particularly if you don’t know the area. Fortunately, Coinmap is here to help – this online search tool pinpoints vendors around the world who are open to crypto payments. With Coinmap at your fingertips, planning trips or visits has become much easier; now where there’s a desire to pay in crypto, you’ll find plenty of options!