Lithuania Travel

The Future of Travel is Here: Are Businesses More Open to Crypto Payments?

by Fintechnews Baltic January 12, 2023

Technology is something that tends to introduce itself to our lives first in the realm of conversation, whether it is as the result of the announcement of a new product or a prediction by an expert as to what will come next. Following this, a select few acquire the new product or service, before it eventually finds itself in the hands of the masses. Within the blink of an eye, this new technology, which at one point felt as if it was a lifetime away, is now an integral part of our daily lives.

It is this process of integration that often masks how technologically advanced we have become over the last three decades. Moreover, it is this phenomena that has inspired the topic of this article. From here we will take a look at how technology, in the form of cryptocurrencies, are paving the way for the future of travel.

image via Unsplash

A Changing Landscape

Technology, and the internet more specifically, has transformed almost every aspect of travel. Whether it is how we conduct research in order to discover an amazing summer in Lithuania, book tickets and accommodation, navigate around the city, or capture memories from our trip, technology plays a vital role.

Once you have decided on your actual location of choice, money is often the aspect of travel that causes the most concern for individuals. And this is not necessarily regarding the cost of travel, but instead in relation to how to manage your money when on the move. This is where, once again, technology has provided the ideal solution in the form of cryptocurrencies.

The Ideal Way to Travel

As the world becomes increasingly borderless, more and more people are moving from country to country on a regular basis. Whether it is casual travellers, digital nomads, or those who need to travel for work, cryptocurrencies are now becoming the payment method of choice in the digital age. At one point, the question of whether it would actually be possible to efficiently travel using crypto was that main concern, however, it appears theses days are well and truly over.

With physical money being obsolete, it is now easier than ever to travel cashless. When it comes to the move towards a cashless society, cryptocurrencies are one of the driving forces that are making this a reality. Whereas there was a point when it may have been difficult to find businesses that accept cryptocurrencies, they are slowly but surely being adopted for every type of payment.

The Bottom Line

While there are some countries that this method of travel may be trickier than others, it is most definitely possible to complete every part of your trip using crypto. Not only are there countless travel companies that accept this method of payment, there are lots of apps and/or articles that will guide you though where you can and can’t use cryptocurrencies in any given city. In fact, it is estimated that almost 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, which is a clear indication of the way things are moving.

The bottom line is that cryptocurrencies are not only brining us towards the concept of a global village, but they are also bringing us a step closer towards the ability to travel the globe using a single currency. This, if nothing else, should bring with it a true sense of the possibilities that cryptocurrencies offer us.

Featured image credit: edited from pikist