30.11.2021

22% of US residents plan to use cryptocurrency to pay for travel

According to a survey by Travala.com, 38% of Americans intend to travel more and one in four of those surveyed is willing to pay with cryptocurrencies.

Travala.com, the world’s leading online travel agency (OTA) focused on cryptocurrency, has announced the results of its study on the impact of COVID-19 on Americans’ travel plans in the second half of 2021. Overall, the results showed a strong desire among respondents to spend more on travel this year and an increased desire to use cryptocurrencies such as Bitcoin for payment.

Americans are ready to pay for travel with cryptocurrency

A survey of 1,000 Americans found that 38% of respondents plan to travel more after the pandemic, with 71% expecting to spend more on travel than before the pandemic.

Almost half of those surveyed (48%) said they are willing to spend more than their full salary while on domestic vacation in the second half of 2021, while almost one in four (23%) is willing to spend more than two full salaries on international travel.

When asked how they plan to pay for travel in the second half of 2021, over 22% said they plan to use cryptocurrency to pay for some services while traveling.

“This study reveals two key trends: Americans are optimistic about travel in the second half of this year, and more people are willing to pay for it with cryptocurrency. We are seeing a record number of bookings and payments made in digital coins. They quickly became the preferred means of payment amid the growth in the cryptocurrency market and the large number of places to spend digital currency in the real world, ”said Juan Otero, CEO of Travala.com.

The respondents named Bitcoin (70%), USDT (45%), Ethereum (37%) and AVA (35%) as the most popular cryptocurrencies for paying for travel, Travala.com’s own coin, which can be used for payments, receiving loyalty rewards, discounts , exclusive bonuses and more.

Cryptocurrencies are becoming a full-fledged means of payment

Along with the growth in the cost of cryptocurrency, its popularity in the world is only increasing. Today, more and more companies are ready to accept digital currencies as a means of payment. For cryptocurrencies, you can buy not only food and computer programs, but also yachts, airplanes and luxury real estate.

In early January 2020, one of the largest cryptocurrency exchanges Huobi announced a partnership with high-tech real estate agency Fäm Properties. The trading platform offered clients the tools, thanks to which they were able to buy real estate in Dubai with cryptocurrency. Bitcoin (BTC) and Ethereum (ETH) became the main means of payment.

You can buy a car with cryptocurrency in different ways. Including, such services are offered by trading platforms. For example, you can buy a car for BTC on the Czech product portal Alza. And at the beginning of the year, Elon Musk himself said that he was not against accepting payment in bitcoin.

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