How Cryptocurrency is Transforming the Travel Industry

Cryptocurrencies are here to stay. What once began with one person has now become the mainstream lexicon in the world.

15:28 12 March 2021

Their impact has been felt almost in all areas of life, including the travel industry. 

 

The integration of cryptocurrencies like Bitcoin in the travel industry is expected to boost the traveller’s experience. Moreover, it will help to cut down costs and manage employees with ease. 

 

Besides the travel industry, these digital currencies are also widely used in the gambling industry to place crypto bets, play casino games and much more. This article provides all relevant information on how cryptocurrency is changing the travel industry.

 

Payment Option

 

Did you know that you can book your flight using different cryptocurrencies like Bitcoin, Ethereum and Dogecoin? There are many travel agent companies that are now accepting the new currency. The advantage of using cryptocurrencies is that it cuts down the cost of conversion, transaction charges and it's fraud-free. Some of the popular travel agent companies that accept cryptocurrencies are CheapAir.com, Destinia.com, ABitSky.com and many others.

 

Advanced Data Security

 

One of the biggest worries for people when travelling around is the safety of their money and data. Thanks to cryptocurrencies, you can visit any place in the world without losing your personal information to unauthorized people. The advantage with blockchain technology is that the data is decentralized via the nodes that make up the ledge.

 

Transportation Coordination and Management

 

With the decentralized system, blockchain technology can help remove the middlemen from the travel and transportation industry. Moreover, all information will be able to flow flawlessly while being accessible. 

 

Luggage Tracking and Management

 

The technology used in cryptocurrencies can be very valuable when it comes to tracking passenger luggages. Moreover, the decentralized system makes sharing of data between companies easy. Thus, one can be able to know where the parcel of luggage is.

 

Loyalty Scheme

 

Many travel agencies and companies have loyalty cards where customers are rewarded points every time they use their services. This is a way of encouraging the customers to return to the site. Blockchain technology can be used in programmes to simplify the process and make it easily available.