Topic: Opinion: 2020 Rise of Crypto Travel - Bitcoin & Altcoin Expansion? - page 2. (Read 334 times)

Indeed. The 21st century has transformed the world like anything. The world war was the era which in first up lifted the technological and scientific advancements. That was thought with the intentions that they might be able to overcome the enemies power and win them but accidentally discovered new elements, rocket technology, chemical exploration, medicines and what not. Until today the growth in these two sector has been exponential and it will keep doing so.

In those times, there was nothing but crisis of everything!!! (Economics, human life and more)


Pretty justifiable. One can not reject that pandemic has gone worst and made things very insecure in terms of economic and industrialisation. However, i have stated previously in one of the post that there had been major breakdowns globally but we swiftly passed all of them stood again. This can be done again.


May be and may be not. It's still dream for millions and sadly we have to refuse the idea of bitcoin networking idea. World won't be thinking about bitcoin in such crisis in the first place. They will think how they can recover the traditional economy. Why would anyone go this far and make things complicated, thats the question here.

You seem to bring crypto into the argument here as if it would sweeten the customer payment experience, and it really wouldn’t do so, at least not in its current form, and even less if we perform native end-to-end TX:

There are regulatory aspects to consider (per country), TX time until x confirmations have been made, actual will to use crypto (as opposed to storing it), ease of use for the common people (just picture people that you have in your environment, outside of the forum, and analyse whether they could really manage a wallet and all that it entails), and so forth. As things stand it is way more complex method of payment to the average Joe, and that will take time to change.

Sure it can wiggle it’s way in, and become a method of payment with a larger spread than it currently has (to what extent, I cannot predict), but it’s easy to get carried away with the idea, where by, in practical terms, there’s still a long road ahead.

We are going far with technology and expect that cashless transactions will be adopted and bitcoin will be considered on it. There are services that allows you to book tickets and even hotels with bitcoin but likewise as Haunebu pointed out, I'd be happy to keep it instead for the meanwhile rather than spending it on these times. I know that bitcoin was made for us to spend and help the spending power of it but things are changing a little by little and we're free to choose whether we keep or spend it.

There are travel agencies that accept Bitcoin as a means of payment, it is not a problem either in booking or paying for plane tickets. But the current problem is in virus which is the main obstacle for people to travel, regardless of what was used as a means of payment.

Haunebu point is valid, most people who own crypto don’t want to spend it so easily, which is of course their right. However, I think that at this moment the BTC blockchain is not able to successfully (quickly and cheaply enough) process a very large number of transactions. Some upgrades that we hope will solve these problems are already available, and some are still being worked on.

Too early for that, we need much higher marketcap, more liquidity and regulations to make sure that one person doesn't crash the value of bitcoin in one hour etc.

And then there are taxing issues what is probably a big reason why most companies don't accept bitcoin as a payment. They are a mess and probably designed to be so to combat shadow banking.

There are major flaws in your argument op. Firstly, a very small percentage of the crypto investors utilize BTC as a payment method since majority of them see it as an asset and nothing more.

Next issue is that the transaction fees and times fluctuate due to the volatility problem with BTC due to which other digital payment methods would be preferable in comparison.

Another issue is that BTC and cryptocurrencies are not allowed everywhere. Certain countries have banned them due to which people in those countries find it tough to invest into the crypto market.

Your argument makes sense only if all these issues were to be addressed which is possible, but won't happen anytime soon in my opinion.

We are living in very interesting times, 2020 has been quite exceptional so far. The global pandemic has seen huge shifts economically in many countries.

Yet still the modern era which has seen huge leaps in technology, from flatter televisions to the ability to create new and exciting cashless systems in the Cryptocurrency sector - business and science still has a problem solving economic downturn during and after a crisis.

Cash just does not flow the same in a climate such as we see in 2020, where many people are just not able to switch hands with cash physically due to lockdown rules.

Stores are still closed in high numbers in cities and towns globally, jobs have been list and industry is in turmoil. Politics does not seem to have answers to the problems of 2020 in which people are limited in physical contact due to health measures, and the ability to drive the economy upwards - the travel industry being effected more than most.

Whole economies rely on tourism... But is there really any need in modern world for Travel Agent Stores?

One answer to the problem of cash flowing through the travel industry could be via Cryptocurrency such as Bitcoin.

Imagine a world in which you did not have to use your credit card or cold hard cash to book a flight or a taxi? Where one simple transaction, secure and quick books your entire vacation through one easy network...

There Bitcoin could make booking and travel interesting - Bitcoin could bring endless possibilities from bookings to food in simple micro crypto transactions or large amounts, with greater speed than regular cash, much more securely. However one such snag could be the 'invisibility' of a customer during transactions. This would have to be overcome, in order to progress Cryptocurrency and travel.

In my opinion, the more industry does not need human workers and moves towards Artificial Intelligence, also automation and robots Cryptocurrency will find its way one way or another. It is the future of a modern world. In any case... Who likes jogging to catch a taxi at the airport and losing your change all over the ground? I don't...