You’ll probably have to use cryptocurrency to pay off that ransomware hacker who froze your laptop, but where else might you put all your bitcoin, ethereum and other digital coins to actual use?
Tesla may still be unsure about accepting bitcoin for its electric vehicles again, yet cryptocurrency holders can tool around in other ways now that travel suppliers are warming up to the idea.
Airfare website Cheapair.com, Latvian carrier Air Baltic and Richard Branson’s Virgin Galactic have long accepted bitcoin, and Berlin-based tours and activity booking site GetYourGuide started taking dogecoin, processed via BitPay, in June as part of its expansion in the U.S.
Cryptocurrency transactions “will really matter for travel” and his firm is looking at accepting other coins going forward, said Johannes Reck, CEO and co-founder of GetYourGuide.
Cryptocurrency also appeals to younger generations of travelers, say industry players.
It all makes sense in a world of an estimated 100 million cryptocurrency holders where consumers spent more than $1 billion in crypto on the Visa network alone in the first half of 2021. An April 1 Travala.com survey of 1,000 Americans found that 71% of respondents plan to spend more on travel than before Covid, and a surprising one-quarter say they will use crypto to pay for part of it.
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