The global economy is becoming increasingly digital and it is no wonder that cryptocurrencies and blockchain technology are starting to influence the travel industry. Many travel agencies now accept bitcoin (BTC) and other digital currencies as payment, some even offer discounts for customers paying with cryptocurrencies. Here is a list of popular travel booking platforms that use BTC and implement blockchain technology.
1INCH Network Brings Crypto Payments to the Travel Industry
Decentralized exchange aggregator 1inch Network on Thursday announced a partnership with travel booking platform Travala.com, which will allow users to pay for hotel reservations with cryptocurrencies. With this collaboration, Travala.com users can now use their favorite cryptocurrency to purchase millions of items. This decision is expected to increase the adoption of cryptocurrencies and drive innovation in the travel industry.
Integration with Travala.com will allow 1INCH token holders to book over 2.2 million hotels and residences, over 600 airlines and over 400,000 events in 230 countries. This is a big step forward for the 1INCH network, which can now offer its services to a wider range of users.
Travala.com supports cryptocurrencies and accepts payments in over 50 different cryptocurrencies including BTC, Ether (ETH), Tether (USDT), Shiba Inu (SHIB) and now 1 inch.
TravelX Raises $10M To Build A Blockchain-Based Travel Distribution Protocol
Startup TravelX recently raised $10 million in seed funding to build a blockchain-based travel distribution network. Juan Pablo Lafosse, former CEO and creator of Almundo, founded the company in Miami last year. He believes blockchain technology will provide businesses with additional distribution alternatives and help them manage inventory more efficiently in a variety of situations.
Alternative partner airlines accept payments in cryptocurrencies
British travel company Alternative Airlines is partnering with cryptocurrency service Utrust to facilitate crypto payments, Cointelegraph reported.
Alternative Airlines became the first travel retailer to partner with Utrust on November 13, announcing a new relationship with the Swiss digital payments processor. Customers can book flights using cryptocurrencies such as BTC, ETH, Dash (DASH), DigiByte (DGB) and Utrust's own currency, UTK.
Destinia, a popular hotel and flight booking service founded by Ian Webber and Amuda Gueli in 2001, offers discounts to BTC users on its web and mobile apps.
Read also: Bitcoin rules the world: travel 40 countries in 400 days with BTC
The Spanish company was one of the first to start using payments in cryptocurrency. In 2014, Destinia.com became the first online travel agency in the Middle East to accept Bitcoin payments. With the integration of bitcoin, transaction quickly became one of the company's most popular payment methods, with transaction volumes similar to PayPal.
Bonus: Bitcoin Beach
On the outskirts of the capital of El Salvador, about an hour's drive from the city, is the village of El Zonte. Warm waters and great break-spots draw surfers from all over the world, but El Zonte's winding dirt roads make it easy to spot a different kind of traveler.
Zonte Village allows residents and visitors to use BTC to pay for everything from utilities to tacos thanks to local business innovation. The Bitcoin Beach initiative is linked to the introduction of BTC as legal tender in El Salvador, first announced by President Nayib Bukele during the 2021 Bitcoin Conference and then launched in September 2021 according to Cointelegraph's Joe Hall.