Now let’s talk about travel! Crypto may not be fully adopted yet, but you still have tons of options if you want to spend it. Summer holidays are the best example of this in practice. Let’s go over your options.
Crypto and real life sometimes seem separate. It is difficult to spend crypto like real money as it has not yet been fully adopted. An infrastructure to accept crypto payments is not something that is available in all shops and service platforms.
However, you will be surprised to learn how many options you have to spend your coins and tokens. The environment where you can see this most clearly is your summer vacation.
In this article, we’ll show you the different places you can use your valuable crypto to book travel this summer, and we’ll even touch on a few advantages of using crypto to finance your trips instead of fiat currency.
Traveling with Crypto Masterclass
Crypto is a global currency without borders. So it’s no surprise that its usefulness stands out when traveling. All you have to do is have some knowledge of the options available to you. Now let’s look at how you can use crypto at every stage of your vacation.
1) Air Ticket Purchase and Hotel Reservation
Blockchain-based travel platform Travala is one of the leading companies in the fight for the crypto future by accepting over 50 leading cryptocurrencies from customers looking to book flights and hotels. The platform currently offers more than 2,200,000 properties worldwide… So you should have no trouble finding the place you want.
Travala also offers rewards based on its native token AVA, enabling customers to achieve better returns. In other words, using your crypto, you can make the necessary reservations for your trip and get better deals.
Travala isn’t the only company crypto travelers can use. Emirates has also announced that it will accept Bitcoin as a payment option in the near future, paving the way for other major shipping companies to step into the future as well.
Hidden benefits of booking with crypto
Making a big purchase like a vacation spend with crypto isn’t just a novelty; it also provides a practical advantage. To understand, let’s look at what normally happens when you make a big purchase with your card.
You chose your hotel and found the best flight ticket. All that’s left is to hit the “confirm” button, right? Not always! This is a big purchase and you may need to get special approval to spend your own money due to bank spending limits. This usually requires you to increase your spending limit by making a call or going to the branch. In other words, you need to factor in complex banking logistics as well as vacation
But since you are your own bank in crypto, this is a fairly simple purchase. There are no spending limits or special processes. YOU set the rules for how you spend your value. So using crypto can offer a much more streamlined and less stressful purchasing process, along with the rewards you get.
2) Setting Up and Using Travel Insurance
Well, we’ve booked the plane and hotel, but what about the insurance?
Purchasing insurance and filing a claim when something bad happens is a time consuming and arduous task. Blockchain technology has incredible potential to simplify many aspects of this process.
Etherisc, a blockchain-based insurance protocol, has released a new insurance application that allows you to both pay in crypto and automatically fulfill certain claims on the blockchain. For example, if your flight is delayed or canceled as a result of your right to file an insurance claim, changes to your itinerary are automatically recorded on the blockchain and your insurance claim is initiated without you needing to take any further action. Super, isn’t it?
Developed on the Ethereum blockchain, the application is designed to make the travel insurance process more efficient and cost-effective.
By paying in crypto, you can easily sign up for a policy online and enjoy the convenience of auto-executing insurance in case something goes wrong.
3) Finding Crypto Friendly Local Vendors
You have arrived at your destination and are ready to enjoy your surroundings, do some shopping or have a nice meal. Accepting cryptocurrency payments is becoming more common, especially among businesses in major cities and popular resorts. Finding local places to spend your crypto is not easy (especially if you don’t know the area) and options can be limited.
Fortunately, you can find shops, restaurants, transportation services, shopping malls, etc. where your crypto is accepted. There is a tool that displays it: Coinmap. It is an online search tool that allows you to plan effectively by showing crypto-friendly vendors all over the world.
You can find nearby shops and restaurants where you can use your crypto by taking a look at Coinmap. If you can’t find such a place, you can use the app to find a local Bitcoin ATM and turn your crypto into cash.
We have to admit that you may not have a lot of options at every resort, but having a map to find the closest crypto compatible vendors will definitely make it easier to incorporate crypto into your everyday life while traveling.
4) Payment by Crypto Debit Card
Finally, if you haven’t found the perfect pizza (greetings to Laszlo) where you can use your Bitcoins after walking around your resort a bit, then you haven’t exhausted your crypto options!
You can also use a crypto debit card for absolute flexibility. These cards allow you to spend crypto in a similar way to spending cash with a regular debit card, by converting your crypto into fiat at the time of purchase. You can even use them to withdraw cash from an ATM.
Normally, converting your crypto to fiat means a long crypto exit process where it can take even a few days to receive cash and start spending. With a crypto debit card, the conversion takes a few seconds and you can freely enjoy the convenience and freedom of money using only crypto.
Have A Good Journey!
That’s it! A holiday where all expenses are made in cryptocurrencies. Did you just notice? You did everything without even going to the exchange office once.
While crypto still has some way to go before it becomes mainstream, there are already many ways to use digital assets to cover the expenses of your daily life. It’s just a matter of understanding your options.
So keep learning, exploring, and most importantly, stay safe! Crypto is not going anywhere and we are here to help you unlock its full potential.