Many people have heard about their friends investing and trading Bitcoin (BTC). However, a lot of people are not familiar with the concept of using this unique form of digital money for local and international travel. Besides financial institutions and markets worldwide, travelers are allowed to make transactions from their crypto wallets to pay off their bills without any hassle. In addition, Bitcoin has several remarkable potentials that can make a traveler’s life easier in many ways.
Advantages of using Bitcoin for Travelers
Let’s shed some light on the most popular advantages of having a Bitcoin wallet while traveling locally and internationally.
Convert your money to local currency easily
The process of money exchange can be very time-consuming when you are traveling. For example, finding a good money changer in a foreign country that offers the best rates for converting to local currency is challenging. In addition, you may find it difficult to carry around local cash in your wallet. In such situations, Bitcoin can create a seamless experience for you!
This digital currency can be taken wherever you go via a Bitcoin wallet on your smartphone, smartwatch, tablet, or laptop. There are hundreds of ways for trading Bitcoin for cash or any local currency using cryptocurrency marketplaces online. Similarly, you can use a Bitcoin ATM since it has the functionalities of a traditional fiat ATM. In addition, it is accepted and widely used in over 71 countries across the world for Bitcoin and various other cryptocurrencies, including Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), and Ethereum (ETH). With these options, you don’t need to deal with several currency conversions or carrying lots of cash in your purse while traveling.
Book your flights directly
Many airlines accept Bitcoin to pay for a flight ticket, including American Airlines, Delta, United Airlines, FlyPeach, British Airways, Qantas, JetBlue, AirBaltic, Far Eastern Air, Virgin Galactic, Hawaiian Airlines, and Jetstar. You can travel to over 60 destinations using your Bitcoin wallet.
Plan your trip with travel agencies
You can make payments using Bitcoin and other cryptocurrencies to book a hotel accommodation or a full package for your trip with travel agencies such as aBitSky.com, CheapAir.com, and Destinia.com. Moreover, you can check out their prices and services to select the one that aligns with your travel needs.
Shop around and dine with Bitcoin
Apart from booking flight tickets and hotel rooms, Bitcoin allows you to pay for food and other items. Several restaurants and fast-food chains across the world, such as Subway, KFC, Burger King, Pizza Hut, Taco Bell, Eat Me Bangkok, The Habit Burger Grill, Starbucks, and other venues, accept Bitcoin as payment from their customers for dining in, takeaway, and delivery. In addition, Bitcoin is accepted by many stores such as Reeds Jewelers, Macy’s, CVS, Walmart, Gyft, etc. On the other hand, some cryptocurrency exchanges offer services for trading your Bitcoin for gift cards from various merchants across the world. Hence, you shouldn’t hesitate to ask, “do you accept Bitcoin?” while shopping in a foreign country.
Make anonymous, straightforward, and cheaper payments
Since Bitcoin is a form of decentralized money, it is not controlled or regulated by the government or any higher authorities. Hence, one of the benefits of using Bitcoin includes seamless international transactions with little or no extra charges. Moreover, these transactions are fast and straightforward as you are allowed to send, store, receive, and check your Bitcoin funds using your smartphone no matter where you travel.
The benefits of using Bitcoin for traveling are not limited to the abovementioned points. There are several other opportunities to explore offered by your crypto wallet. For more information you can visit this site.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes