The Benefits of Bitcoin in International Travel

The Benefits of Bitcoin in International Travel

Nick Tomaino is on the business development team at Coinbase, and is also a first-year business school student at the Yale School of Management. Prior to that, he worked in venture capital, most recently for Softbank Capital. Bitcoin is an open payment network that anyone in the world with an Internet connection can use. The open, global nature of bitcoin has tremendous advantages over existing financial infrastructure for international travellers. These advantages became clear to me during a recent trip to South America. Below are some of the problems that international travellers....


Related News

Planning the Perfect Bitcoin-Only Vacation

The convenience of having a truly borderless currency can't be overstated. Similar to how the Internet broke down barriers for global communication and made information more accessible to everyone, bitcoin has the potential to change international travel in a significant way. Anyone who has felt ripped off by a foreign currency exchange company, had their credit card abruptly cancelled or has dealt with a lost or stolen wallet while traveling abroad can attest to the benefits of using a completely digital, non-fiat currency for international travel. For these reasons, the travel industry....

Isilines Accepts Bitcoin Payments For International Bus Travel

Richard Dujardin, CEO of Transdev France, sees this service as a sign of the company’s “groundbreaking innovation policy”. International bus travel is becoming a popular trend these days. Isilines, a French bus travel company and subsidiary of the Transdev group, is currently experimenting with cryptocurrency payments. They are the first company to publicly accept Bitcoin payments for this service, which will hopefully become the new norm over the coming years. Since August 2nd of 2016, Isilines has been experimenting with Bitcoin payments. Anyone who is using their bus travel services can....

Workers Who Travel Internationally Will Benefit from Bitcoin

A new era of international travel is upon us. With the globalization of exchange and ideas interconnecting the world’s economy comes a whole lot of travel for entrepreneurs on the go. However, it is still unknown to many that by using Bitcoin, workers can curb some of the hassles that go along with traveling. Thousands of people employed by small....

Travel Keys Lets You Pay For 5000+ Luxury Villas With Bitcoin

Travel Keys, a travel broker that operates a network of more than 5,000 luxury villas in the Caribbean, Europe and around the world, is now accepting bitcoin as a payment method. Travel Keys announced the decision on 7th March, becoming the latest luxury villa business to accept digital currency. Bobby Gibson, the company's CEO, spoke to CoinDesk about the decision, noting that as an avid follower of "anything and everything 'tech'", he's been monitoring bitcoin for a few years. From there, all it took was demand from guests. Said Gibson: "Nothing gives our team more satisfaction than....

Destinia: The First Spanish Based Travel Agency to Accept Bitcoin

We've talked with the Bitcoin enthusiast Amuda Goueli, CEO and co-founder of Destinia.com, one of the top 5 online travel agencies in Spain that is now accepting bitcoin as a payment method for flights, hotel bookings and train tickets, becoming the first agency in Spain and second in Europe accepting bitcoins. Less than 24 hours after accepting Bitcoin, Destinia sold the first hotel+flight package with this cryptocurrency and, since then, almost daily are receiving sales. They're now using BitPay to process payments. For Stephanie Wargo, BitPay's VP of Marketing, the attraction of Bitcoin....