Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: waybesuricata on December 04, 2021, 12:36:49 PM
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The travel industry is rife with intermediaries and centralized promotional efforts. However, the crypto and blockchain space offers decentralized solutions which allow for new interactions between people and places.
As global systems revolutionize via emerging decentralized technologies, no sector is off-limits. The world of traditional finance has been shaken by the adoption of cryptocurrencies and blockchain ecosystems.
However, not every industry crypto touches are as quick to integrate. Crypto and blockchain developments in the travel and tourism industry are still developing. Traditional tourism operations remain plagued with go-betweens and limited rewards, often only available to exclusive travelers.
Crypto-friendly destinations
In late September of this year, the tourism board in Thailand announced their consideration of a tourism-prompted crypto-token, TAT.
Additionally, this “crypotourism” was going to be encouraged via bitcoin debit cards available at airports for crypto-nomads for in-country use. However, as exciting as they sound, these initiatives remain an idea, as is the government’s TAT coin.
The Thai government’s efforts come as the travel industry continues to reemerge from the catastrophic losses due to the pandemic. Post-COVID, travel may follow suit with many other global industries which have been rapidly adopting crypto and blockchain solutions.
However, there are already countries that are particularly appealing to crypto travelers. Places such as Malta, Switzerland, Portugal, and El Salvador are accessible destinations for those traveling with crypto due to their increased adoption.
Source and continuation of news: https://beincrypto.com/daos-and-digital-tokens-offer-new-possibilities-for-tourism/
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The tourism industry is very convenient. Blockchain technology will make this industry better. The developing world and technology can bring tourism to more affordable costs. An organization without intermediaries will have lower costs. This is exactly what people are looking for.