Ledger, the world leader in critical digital asset security and use, this summer outlined different places valuable cryptos can use to book travel, and ways to use crypto instead of fiat currency to finance trips.
The real-life spending of crypto assets, which have been increasingly accepted around the world in recent years, still poses some challenges. An infrastructure that will allow accepting crypto payments is not yet available in all stores and service platforms. Despite this, users have plenty of options to spend their coins and tokens. The most favorable environment for this is summer vacation and travel reservations. Cryptocurrencies, which are a global value that are not restricted by borders, have started to become quite useful when traveling. Many travel sites and agencies allow their customers to make travel reservations with cryptocurrencies. Many hotels and resorts also accept payments with cryptocurrencies. Ledger, which secures 20 percent of all crypto assets in the world, shared 4 tips on how to travel with cryptocurrencies.
“Buy plane tickets and book hotel”
Making a big purchase, such as a vacation spend, with crypto provides a practical advantage. Make a fairly simple purchase without taking into account complex banking transactions. You set the rules for your spending, as no spending limits or special processes are required. Using crypto offers a much more modern and less stressful purchasing process in this sense. Blockchain-based travel platform Travala is one of the leading companies in the fight for the crypto future by accepting more than 50 cryptocurrencies. Emirates has also announced that it will be able to accept Bitcoin as a payment option in the near future, paving the way for other major transport companies to step into the future.
“Set up and use your travel insurance”
Buying insurance and filing a claim when something bad happens is time consuming and tedious. Blockchain technology, on the other hand, has incredible potential to simplify many aspects of this process. Etherisc, a blockchain-based insurance protocol, introduces a new insurance application that allows you to both pay in crypto and automatically fulfill certain claims on the blockchain. For example, if you are entitled to an insurance claim as a result of your flight being delayed or canceled, changes to your itinerary are automatically recorded on the blockchain and your insurance claim is initiated without any further action. 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 the event of an adverse event.
“Find crypto-friendly local vendors”
Accepting cryptocurrency payments is becoming more common, especially among businesses in major cities and popular resorts. Finding local places to spend your crypto may not be easy or the options may be limited, especially if you don't know the area. This is where Coinmap comes in, a tool that displays shops, restaurants, transportation services and shopping outlets where your crypto is accepted. Coinmap, an online tool that lets you plan effectively by showing crypto-friendly vendors around the world, will make it easy to incorporate crypto into your everyday life while traveling.
“Pay with crypto debit card”
You can use a crypto debit card for your payments. 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 currency at the time of purchase. You can also 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 freedom of money using only crypto.