Australia beach town, Agnes Water All Set To Become Australia’s First Digital Currency Town | CoinGape

Tourism industry: A front-runner in adapting cryptocurrency

Not just in Australia, a lot of countries are accepting or at least testing cryptocurrencies to boost their tourism. Caribbean nations were reported to be considering cryptocurrency to up its tourism offerings. Russia’s tourism officials have given multiple statements on the use of blockchain in transforming the tourism industry in the country. It is believed that Russian hotels will accept bitcoin payments during FIFA world cup starting this month. Another country considering the use of blockchain for tourism in Dubai.

With multiple currencies involved and dynamic pricing of flights and hotels affecting the tourism industry, cryptocurrencies do look like providing a solution to the fluctuations. Caleb Yeoh, CEO of Travelbybit was rightly quoted in this regard

“If you travel around the world you have to deal with multiple currencies, the exchange rate can be confusing, sometimes you struggle to find ATMs, and sometimes you get swindled by money changers. Traveling with one global currency like Bitcoin … makes sense.”

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Australia beach town, Agnes Water All Set To Become Australia’s First Digital Currency Town.