With blockchain and cryptocurrencies becoming more and more popular around the world, there is no surprise to see why it may soon influence the way we travel. It sounds confusing to many of people, especially to those who use fiat currency all the time. But, cryptocurrency and blockchain opens up a lot of borders and opportunities and allow travelers to travel from country to country without more hassle.
Yes! Cashless is being commonly use recently, people able to tied their credit or debit card on mobile payment method. But, Cryptocurrency doesnt need to convert to local currency when travel to different country. It can be use anytime, anywhere without those conversion and pesky fees. Also, it will benefits business owner with their accounting, as all of the transactions are logged in the ledger no matter how small the transactions is.
Another pro benefit for travelers is that Cryptos can bring cheaper hotel room rate or flights tickets because of the no commissions or currency charges. Not only paying on hotel room and flight ticket, sooner or later, users able to purchase tourism spot ticket, rent car and many more travel related items by using Cryptocurrency.
Expanding it into security issue, in 2016 alone, it was reported that 15.4 Million people were victims of this over a multitude of platforms across the internet. Travelers have been majorly affected by this as many places such as hotels and cafes have open internet access, creating the perfect opportunities for hackers easily steal data. Blockchain, however, can provide incredible security benefits, due to its decentralization technology, it is not connected to a central server where all of your data is stored, which means that hacking is pretty much impossible.