Destinia Starts Accepting Bitcoin amid Venezuela’s Currency Collapse
Destinia, a well-known travel agency, has taken the decision to accept payments only in Bitcoin The Venezuelan economy is in shambles as the Venezuelan Bolivar’s value has been steadily decreasing due to the rigid exchange control in place since 2003. Concerned with the financial turmoil, Destinia has announced to operate exclusively in Bitcoins in Venezuela. Destinia, a well-known travel agency, has taken the decision to accept payments only in Bitcoin to further facilitate reservations by local travelers. Redditors weigh in the impact of the decision here. The company has seen a growth....
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Destinia, a popular online travel agency, has officially begun to accept bitcoin payments exclusively in Venezuela. The decision was made in light of recent financial crisis in Venezuela involving the demonetization of the Venezuelan bolivar and its rapid devaluation which ultimately rendered cash in the country worthless. Local travelers, residents and other people within Venezuela are now able to book hotel rooms and flights using bitcoin, a digital currency that served the general population across the globe as an alternative to cash and reliable store of value throughout 2016. Victor....
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....
Given the current exchange rate to and from Venezuelan bolivar, Bitcoin makes a lot more sense than the national currency. The financial turmoil in Venezuela is affecting a lot of local businesses. But internationals service providers are also growing more concerned about what is going on there. Destinia, a well-known travel agency, has confirmed they prioritize Bitcoin payments for Venezuelan flights. With little confidence in the bolivar and the growing demand for Bitcoin, this could be a turning moment for the company. This decision by Destinia is quite surprising, although not entirely....
Bitcoin-paying customers spend €16 ($18) more on average per transaction than those paying with credit cards, according to Spanish online travel agency Destinia. This year, customers paying with bitcoin have spent an average of €377 ($477), in comparison to an average of €361 ($400) being spent by credit card paying consumers, according to a spokesperson for the company. Despite receiving bitcoin payments on an almost daily basis, the spokesperson said there had been a slight decline in the number of transactions since integration in early 2014. The Destinia spokesperson said it was....
Venezuelan online travel agency Destinia will now only accept Bitcoin for payment citing “increasing restrictions” and economic woes in the country. Travel Agency Forced To Go Full Bitcoin. Travelers who use Destinia to make their travel reservations can now only pay in bitcoin. The company has made the decision after witnessing the impact of the free-falling Venezuelan economy. “The economic situation in Venezuela is ever more complicated,” the company explains. “Given the increasing restrictions faced by Venezuelans, Destinia has decided to operate exclusively in Bitcoins in order to....