Cryptocurrency is no longer limited to investment, but its actual is now being seen in travel and hospitality sector. The report of Binance Pay and Crypto Friendly Travel Booking Platform Travala has revealed that now the booking value of Crypto vacationers has been 3 times more than the traditional Fiat customers. The report reported that the figure of cryptocurrency -based bookings on Travala reached $ 80 million in 2024, which was around $ 45 million last year. While Crypto Customers are spending $ 1,211 in a transaction on average, Fiat users spend only $ 469.
Let us tell you that Fiat users are called people who use traditional currency or dollars etc. issued by the government for travel, shopping or any other transaction. Such people avoid using cryptocurrency.
Crypto cost in tourism so more valuable
The value of Crypto vacationers in the travel industry is increasing more because crypto users book 57% more times more times and are on travel for most of the time. According to CEO Juan OTERO of Travala, many crypto travelers are associated with web 3 or virtual asset trade. Many of these are engaged in freelancing or remote work, which gives them freedom to travel for a longer period. At the same time, Jonathan Lim, the global head of Binance Pay, says that the currency exchange line can be avoided from the Crypto Cost and there is no cost of travel money transactions fees during travel abroad.
Which facility is being provided by Crypto Travelers
Triple-A According to the report, the total crypto transaction was 14% in travel and hospitality sector in 2024. According to the report, 141 cryptocurrency is getting the facility of payment on Travala platform. Along with flights, hotels, tour and transportation services are also being provided. Apart from this, Binance Pay causes instant and secure payment, which is much more convenient for users. These platforms such as USDT and USDC are most used on Stablecoin.
Travel from bitcoin to burger
It is a very interesting journey that for the first time on 22 May 2010, 2 pizza was purchased from Bitcoin, which is why this day ‘Bitcoin pizza futureKnown as’. In 15 years, the journey of cryptocurrency has gone far ahead. Today, high-end fashion, luxury car and now fast food are being purchased through Crypto Cost. Recently, Steak’n Shake, a major fast food chain of America, has started accepting payment from bitcoin. Brazil has integrated its digital payment system Pix with Binance Pay. I think the growing trend of crypto payments can open new possibilities in the future for Proceded Business, but there are still challenges about its stability and acceptance.
Conclusion
Crypto vacationers have now become a game changer for proceed business, not just trends. They spend more than traditional traveler and promote virtual costs while traveling abroad again and again. This change is not only a profitable deal for proceed corporations, but is also a major step for the web3 financial system globally.
