The global economy is becoming increasingly digital, and it’s no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (bitcoin) and other digital currencies as payment methods, and some even offer discounts to customers paying with cryptocurrencies. Below is a list of popular travel booking platforms that use BTC and employ blockchain technology.
1INCH Network brings crypto payments to the travel industry
On Thursday, decentralized exchange aggregator 1inch Network announced a partnership with travel booking platform Travala.com, which will allow users to pay for hotel reservations using cryptocurrency. Thanks to this partnership, Travala.com users can now buy millions of items with their favorite cryptocurrency. The decision is expected to boost cryptocurrency adoption and boost innovation in the travel industry.
The integration with Travala.com will allow 1INCH token holders to book over 2.2 million hotels and residences, over 600 airlines and 400K+ events in 230 countries. This is a big step forward for the 1INCH network, which will now be able to serve a wider range of users.
TravelX raises $10M to build blockchain-based travel distribution protocol
TravelX, a new company, recently received $10 million in seed funding to create a blockchain-based travel distribution network. Juan Pablo Lafosse, the former CEO and founder of Almundo, launched the business in Miami last year. He believes that blockchain technology will provide businesses with additional distribution options and help them handle inventory more efficiently in a variety of situations.
Alternative airline partners accept cryptocurrency payments
As reported by Cointelegraph, UK-based travel company Alternative Airlines has partnered with cryptocurrency services firm Utrust, Facilitate payments with cryptocurrencies.
On November 13, Alternative Airlines announced a new partnership with the Switzerland-based digital payment processor, becoming the first merchant in the travel business to partner with Utrust. Customers can book flights using cryptocurrencies such as BTC, ETH, Dash (sprint), DigiByte (DGB) and Utrust’s native currency UTK.
On its web and mobile apps, Destinia, a well-known hotel and flight booking service founded by Ian Webber and Amuda Goueli in 2001, offers discounts to BTC users.
Headquartered in Spain, the company is an early adopter of cryptocurrency payments. In 2014, Destinia.com became the first online travel agency in the Middle East to accept BTC payments. With the integration of Bitcoin, the business quickly became one of the most popular payment methods offered by the company, with transaction volumes comparable to PayPal.
Bonus: Bitcoin Beach
On the outskirts of El Salvador’s capital, about an hour’s drive from the city, is a small village called El Zonte. Warm waters and great resting spots attract surfers from all over the world, but on the twisty, muddy streets of El Zonte, you may easily identify different types of travelers.
Thanks to innovations by local businesses, the village of El Zonte allows residents and tourists to pay for anything from utilities to tacos using BTC. Bitcoin Beach Initiative, According to Cointelegraph’s Joe Hallfirst announced by President Nayib Buekele during the Bitcoin Conference 2021 and later enacted in September 2021, before El Salvador adopted BTC as legal tender.