Bitcoin has shown us time and again that it’s here to change the way we view money. It continues to show us its innovative side by slowly making its way into different industries worldwide. As the currency continues to evolve, we’re starting to see it creep into the travel industry.
You’re probably asking: “How?” Well, did you know that there are a number of travel agencies, airlines, and miscellaneous travel services already accepting BTC as payment? It’s alright—we didn’t know either!
This post was sponsored and paid for by Paxful.
Why use Bitcoin?
Bitcoin, as innovative as it is, is still a relatively new kind of currency. We understand why people would hesitate to use it. However, it’s simpler than you think. All you need to do is pick the best Bitcoin wallet out there for you and get your hands on some BTC, and you’re ready to get started.
With it finally making its way to the travel industry, we thought it might help to understand why using it could be beneficial. To give you a better perspective, let’s compare it to one of the longest-running means of payment in travel: credit cards.
Let’s say Tony was travelling from the US with his credit card and Peter is doing the same, but with Bitcoin.
If Tony wanted to spend money in another country, he’d have to get some of his money exchanged. This means that more fees may be charged, as most banks or foreign exchange kiosks will expect compensation. Peter, on the other hand, doesn’t need to worry about that at all. There’s no hassle for him regarding foreign transaction fees and currency conversion since his Bitcoin isn’t tied to a specific country.
Now, let’s say Tony is paying for a meal in another country with his credit card. Since, most of the time, he’ll need to give the card directly to the merchant, he’s more prone to personal information being stolen. However, as Bitcoin transactions are done anonymously, Peter is less prone to identity theft.
Then there’s the issue of banks. If you go over your spending limit, your bank account could quickly be frozen or cancelled. On the other end of the spectrum, if you have your BTC wallet’s private keys, it can’t get cancelled or frozen.
The benefits don’t even have to be as complicated as those. It could be as simple as not having to carry much in your pocket. Since Bitcoin is a purely digital currency, all you need is your smartphone and you’re ready to make transactions.
These are just a few ways carrying BTC can help make travelling more convenient for you. Are they enough to convince you to try it out?
If you’re intrigued, here are a few BTC-friendly services to get you started.
Travel agencies have been a long-running staple of the travel industry. They’re essentially one-stop shops for all your travel booking needs—flights, hotels, and even car rentals. With a new and innovative currency like Bitcoin on the rise, it makes total sense that services like travel agencies ride the wave.
Here are a few travel agencies you can check out if you’re looking to use BTC for booking:
If you’re already set on a destination and got the BTC to pay, these are great places to start.
If you’re a stickler about travel agencies and would instead book your flights directly, a few airlines would be glad to take you in for BTC. Here are some of the better-known airlines to explore:
- Travel – This is arguably the most well-known and Bitcoin-friendly travel site in the world. Book flights and hotels now using one of the most established and largest travel sites.
- airBaltic – airBaltic is one of the most innovative airlines in the world. Book your flight and spend your BTC here to travel to over 60 destinations in Europe, the Middle East, and Russia.
- FlyPeach – Flying out of Osaka? Perfect! FlyPeach is Japan’s first airline to accept Bitcoin. Based at Kansai International Airport, FlyPeach is ready to get you where you need to go.
- eGifter – Although eGifter doesn’t let you book flights directly, you can purchase gift cards for airlines like Southwest and American Airlines. You can then redeem them and book your flight.
Other travel services
When it comes to BTC travel payments, it goes well beyond travel agencies and airlines. Here are a few other travel services to take note of:
- 9flats – Looking for great BTC-friendly accommodations? 9flats has got you covered. Book apartments, vacation rentals, or guesthouses with your BTC.
- eTravelSmart – eTravelSmart is an online portal for buying bus tickets in India. Travel from city to city by using your BTC to purchase bus tickets using the Unocoin payment gateway.
- Airport services – Some airports will have forward-thinking merchants looking to make your airport experience as comfortable as possible. For example, Denver International takes BTC payments for airport parking and Brisbane International has many BTC-friendly merchants.
- Tourism services – Paying for travel services with BTC doesn’t have to be confined within the airport and booking sites. Tourism services like the Caribbean Tourism Organization, which, in 2018, joined forces with Bitt Inc. to begin accepting cryptocurrencies as a payment method.
The future of money
Despite the joys that international travel can bring, some problems exist on the money side of things—the tedious processes, extra charges, and unnecessary hassles, to name a few. Luckily, Bitcoin addresses a lot of those problems by providing a quick and safe means of payment. It’s also convenient since you don’t have to carry around a lot of cash.
Although credit cards have stood the test of time, there’s a new player in the game and we’re starting to realize that Bitcoin has a lot to offer. Ultimately, each means of payment has its own set of pros and cons, which means it’s really up to you and your specific travel plans. Not feeling too comfortable with using Bitcoin yet? Then stick with credit cards for now. Are you looking to jump into the BTC world? Try it out! Buy Bitcoin on Paxful and see how it goes.
Right now, it can be hard to travel internationally solely with Bitcoin. However, the rising adoption of merchants worldwide is slowly making it a reality—and we hope that when we get the chance to travel once again, we won’t be using our credit cards as much.
This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.