Bitcoin is a rising term used more often in the trading world. But this digital currency has many unique applications in several other fields.
Did you know this 21st-century money can be one great travel buddy?
Satoshi Nakamoto, a Japanese scientist, introduced Cryptocurrency for the first time in 2009. Although the functions of Bitcoins are similar to the money minted by the government, it has some exceptional features that are making them so much more popular.
Here we shall talk about a few such features that make BTC the new payment choice while travelling.
What Are Bitcoins?
Bitcoins are a form of digital currency that’s not controlled by any bank, government or centralised authority.
They have become a popular way to buy goods and services online and in the real world, thanks to their low transaction fees and high level of security.
To know more about the Bitcoin trading market, you can log in to the bitcoin prime website.
Advantages Of Travelling With Bitcoins
To put it simply, Bitcoins can bring down your travel worries like nothing else. Getting mugged can be the worst nightmare when you’re planning to spend a nice holiday.
However, using Crypto money can save you from this ordeal. Here are some great advantages of travelling with Bitcoins –
Ensured Privacy And Security
Cryptocurrencies do not demand private or personal data for any transaction. Unlike banks, where you deposit money and empower the organisation to manage it on your behalf, Crypto wallets work on your terms alone.
Besides, this type of currency works on a blockchain that conducts financial transactions without any third-party involvement. All you need is the passkey. It maintains anonymity and makes your money untrackable.
Therefore, you don’t have to worry about cyber thefts. When on vacation, you can enjoy your time fully.
Transparency becomes a useful factor when travelling. For example, if you’re paying an agency to book flights, hotels and other travel requirements, it can help you to know each contact point.
Bitcoins can make that possible. When paying with Cryptocurrencies, you can trace exactly how your money travels through the networks.
What can be better than knowing if you’re served the best at every point in your travel, right?
Fast And Easy Bookings
Using Cryptocurrencies makes it convenient, especially for international travellers. It’s the most hassle-free payment mode.
Exchanging currencies whenever you’re visiting a different country is the most inconvenient task every traveller faces. BTC can smoothly eliminate this trouble.
Its globally uniform value helps you escape the strenuous task of calculating exchange rates. Additionally, you can skip paying the extra charges when using Bitcoins during your international travel.
There’s a substantial rise in the number of travel agencies that are accepting Cryptocurrencies as their mode of payment.
Cryptocurrencies can make your transactions cheaper when travelling. The exchange rate for Cryptos is comparatively lower than most other currencies.
Carrying An Alternate Identity
Cryptocurrencies give you an alternate digital identity.
When travelling, carrying identification documents is one big issue. With a Bitcoin wallet, you always have an alternate ID.
You can use it for admittance as well as payment anywhere you wish.
Where Can You Pay With Bitcoins?
Bitcoins, as we discussed, are becoming increasingly popular. There are many travel sites that accept Bitcoins efficiently.
Let us look at 12 such websites that provide you with the best vacationing and travelling services in exchange for Bitcoins:
- Bitcoin. travel.
- Surf Air.
- WebJet Exclusives.
- Berkeley Travel.
- Virgin Galactic.
We have covered almost all the advantageous points of using Bitcoins while travelling. With its decentralised, peer-to-peer transaction facility, Bitcoins have undoubtedly surpassed the common limitations faced by travellers.
However, it doesn’t come without some limitations. The most important being its newness.
Bitcoin is yet to gain much popularity. Hence, unfortunately, there are only a few countries, travel agencies, flight companies, hotels and restaurants that accept Bitcoins.
Moreover, it is still not the time when you can travel around completely cashless. When visiting local shops and cafes or using public transport, Cryptocurrencies won’t be of any help. Small businesses have not yet developed so much as to give you the benefit of making Crypto transactions.
The one thing we can do is hope and pray for a better, more transparent and secure transaction facility with Cryptocurrencies. This borderless new form of money actually has the potential to gift us some relaxing vacations.
Hopefully, we can make the most of it in the future!