Cryptocurrency adoption: How can cryptocurrencies change the travel industry?
Editor's Note: This article is from:Cointelegraph Chinese (ID: CointelegraphChina)Editor's Note: This article is from:
Cointelegraph Chinese (ID: CointelegraphChina)BTCCointelegraph Chinese (ID: CointelegraphChina)
, Author: Caleb Yeoh, Compiler: Alex, reproduced by Odaily with authorization.Wait for other assets to invest in savings. This approach can give them a sense of financial control in an otherwise volatile market.）
It’s not just investments that are feeling the impact of cryptocurrencies. This technology has the power to change the way we live. Freedom to travel and transact is a fundamental right that everyone should have, and the application of cryptocurrencies is to provide that freedom. (Related Links:
What does mass adoption mean in relation to cryptocurrencies?secondary titleThe right direction to solve the problem
more and more go toappleThose regions that are not equipped to cope with tourism. In less developed countries, travelers often face inaccessibility of ATMs and lack of reliable payment options. Using digital currency and smartphones may be the best solution.Imagine not having to search for the best exchange rates or carry your national fiat currency in your wallet. How free. along withandroid
according toResearchWith the emergence of platforms, the phenomenon of paying for goods and services with mobile phones and even watches is increasing.
Research
, the number of people who own mobile phones is on the rise all over the world. The highest mobile ownership rate among developing economies is Vietnam, where 97 percent of adults own a mobile phone, while Jordan, Tunisia, Colombia, Kenya, Lebanon and South Africa also have 90 percent or more of adults. Venezuela, India and the Philippines have the lowest rates of mobile phone ownership, but even in these countries about 70 percent of adults own a mobile device.
In the future, more hotels, restaurants and shops will install cryptocurrency wallets on smartphones or similar devices to receive global payments in seconds — possibly sooner in developing countries than in developed ones .secondary titlegrowing industry ）
tourism
Tourism is one of the largest industries in the world, with tourism spending reaching $1.7 trillion in 2019 alone, making it the second fastest growing industry in the world. Now, cryptocurrency-adopting travel companies are making travel around the world using cryptocurrencies a reality. (Related Links:Cryptocurrency Adoption: How Businesses Can Adapt to the Blockchain RevolutionAs with all technological developments, government and community help is crucial. The government of Queensland, Australia is committed to technological innovation in the tourism industry.
This government helped Brisbane Airport becomeExpediaAn airport with 30 merchants accepting cryptocurrencies. In fact, the pioneer of cryptocurrency tourism is the small town of Agnes Water in Queensland, which is located on the southern tip of Australia’s Great Barrier Reef. Here, tourists can find more than 40 businesses that accept cryptocurrencies, and they can use Bitcoin to pay for accommodation, meals, and even day trips to the Great Barrier Reef.back toIn addition, travel giantsnow againIn the competition of cryptocurrencies. In 2018, Expedia
stop
By accepting bitcoin payments directly through its platform, it exited the cryptocurrency space. Now, the company offers cryptocurrency holders the ability to book travel and vacations on the site, giving them access to thousands of hotels around the world.secondary titleHelp the unbanked
The numbers speak for themselves. around the world
1.7 billion
Adults without bank accounts are mainly found in developing countries such as India, Egypt and parts of Africa. Without a fiat bank account, it can be difficult for people in these countries to participate in the global economy. This will affect many developing countries and their ability to trade in world markets. The adoption of cryptocurrencies can help change that.VisaIt is important to understand that while cryptocurrency is still in its early stages of adoption, it is not just a speculative asset, but can be used like any currency.
However, there is a real problem here. For example, many businesses that accept cryptocurrency services will charge users high fees, which poses a barrier to the adoption of cryptocurrency services. And this situation must be addressed and changed. Cryptocurrencies must be usable, which is why it is important to reward early adopters.
