You’ve probably heard of Bitcoin (BTC) from your friends who are into investing and trading. But did you know that this unique form of digital money is not only popular in financial institutions and markets worldwide, but also in local and international travels?
How is that even possible? Well, Bitcoin actually has many remarkable potentials and we’ll talk about that as we go along. But before that, let’s catch you up with what BTC is and how it works.
A brief look at Bitcoin
Bitcoin is essentially a new kind of money. It was introduced by its pseudonymous creator Satoshi Nakamoto in 2009, making it a young innovation. BTC works just like government-issued money that we use to pay bills, make purchases, send money across borders, and a lot more.
What makes it more interesting is that Bitcoin works solely digitally, so it doesn’t have a physical form. Unlike bills and coins that you can keep inside your wallet, pocket, or purse, Bitcoin uses special storage called a Bitcoin wallet.
Advantages of Bitcoin for travelers
Let’s talk about a few of the most popular advantages of traveling with it. You’d be surprised to see what you can do with BTC in your Bitcoin wallet.
1. Book your flights directly
A lot of people may still not be familiar with this, but there are many airlines today that accept BTC as payment for flights. These include AirBaltic, FlyPeach, Far Eastern Air, and a lot more. These airlines allow you to travel in over 60 destinations using your Bitcoin funds.
Doesn’t interest you? How about a trip to space? Virgin Galactic also accepts Bitcoin as payment for space travels. Awesome, right?
2. Convert your money to local currency easily
Exchanging your money to local currencies isn’t always easy when you’re traveling—you have to look for a money changer, find the best rates, and yadda yadda. In fact, some people find it hard to convert and carry around local cash with them. If you’re among these folks, Bitcoin can help you!
BTC is a digital currency and this means you can take it anywhere you go via a Bitcoin wallet installed on your smartphone or laptop. Cryptocurrency marketplaces online offer hundreds of ways to trade Bitcoin for cash or into any local currency you prefer.
Another option you have is to use a Bitcoin ATM, which works just like a traditional fiat ATM. It’s available in 71 countries worldwide and supports not only Bitcoin but also other cryptocurrencies like Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), and Litecoin (LTC).
These options can save you from dealing with numerous currency conversions and bringing lots of cash when you travel.
3. Plan your trip with travel agencies
If you want a full package for your trip, there are travel agencies that accept Bitcoin and other cryptocurrencies as payment for hotel accommodations and flight tickets. These include CheapAir.com, Destinia.com, aBitSky.com, to name a few. Explore and check out their services and fees to know which among them best suits your travel needs.
4. Shop around and dine with BTC
Besides flight tickets and hotel accommodations, did you know that you can also pay for food and other items using Bitcoin? Fast-food chains and restaurants like Burger King, Subway, Eat Me Bangkok, and others accept BTC as payment from their customers.
You can also shop for different items as many stores now accept BTC as payment. If not directly, some cryptocurrency exchanges allow you to trade your BTC for gift cards from hundreds of merchants around the world. That just goes to show that it can never hurt to ask “do you accept Bitcoin?”
5. Make anonymous, straightforward, and cheaper payments
Among the many perks of using this unique money lies within its features. Bitcoin is decentralized money, meaning it is neither controlled nor regulated by the government or higher authorities. With that, it can nearly seamlessly complete transactions across borders with a little to no extra fees.
Transactions with BTC are also straightforward and fast since you can send, receive, store, and monitor your funds through your smartphone. No need to worry about carrying large amounts of cash anymore!
The advantages we noted above are just some of the most common ones, so don’t be limited by this list! Bitcoin has many potentials and benefits, which you’ll find out as you go along with it.
Spare some of your time in discovering other industries, stores, and countries where BTC is accepted and familiarize yourself with how to use it so that you can make the most of it and as you take on a journey.