Litecoin, Ethereum and Bitcoin Cash are gaining ground in travel industry
The clear rise in adoption of cryptocurrencies can be noted across various sectors, such as tourism. Major heavyweights of the tourism sector, such as Blockchain Cruises and Expedia, are already offering services that accept payment in crypto.
Benefits of cryptocurrency payments are being realized at a global level. Travala, room-booking website that accepts cryptocurrency, achieved a notable increase in bookings paid in cryptocurrency.
Travala’s data reveal top destinations that were booked, which include United States, Europe, Russia and southeast Asia.
Cryptocurrencies, such as Bitcoin [BTC], Litecoin [LTC], Bitcoin Cash [BCH] have become a preferred option and it can be seen by the website’s data on digital assets used for payment. The travel booking platform recorded another landmark of 24% bookings using king coin in August, as compared to July. Data also revealed that 72% of the bookings were paid with cryptocurrencies.
Digital assets still remain the prominent option for bookings, with BTC, LTC, BCH and Dash being widely used for booking accommodations.
Based on data provided by Travala, and looking at growth crypto payments in the tourism industry, it is clear that certain sectors are opening their doors to crypto-payments, making it one step closer to mainstream adoption.