Topic: Travelling without currency-exchange worries - page 2. (Read 243 times)
It is very convenient to travel when you do not need to change your money to local currency. I'm currently doing this using a regular debit card. Usually this will never cause any problems. It would be great if ordinary stores would use bitcoin or some other cryptocurrency so that you could not use fiat money for this. I think that in the next 5 years, large stores will begin to use cryptocurrency. And then it will become even easier to travel.
Finding a store or service that uses cryptocurrency as a payment methods will also be a problem in different countries.
Adoption of crypto is not evenly distributed, it might be easy to get in Europe, but it could be the opposite in Asia or Africa.
What @Draker45 said is enough to reduce difficulties in procuring foreign currencies when traveling, as far as I know USD is almost accepted in all merchants in tourist places around the world, by providing it in our wallets so there will be no more problems regarding foreign currencies when traveling.
Adoption of crypto is not evenly distributed, it might be easy to get in Europe, but it could be the opposite in Asia or Africa.
What @Draker45 said is enough to reduce difficulties in procuring foreign currencies when traveling, as far as I know USD is almost accepted in all merchants in tourist places around the world, by providing it in our wallets so there will be no more problems regarding foreign currencies when traveling.
And there's really nothing to fix that. Not unless the Foreign agencies of each country adopt some form of fix for that problem. Even crypto wouldn't be an answer to that, why? Because of the various requirements from exchanges when cashing out money. There's also the fact that some exchanges work on certain countries or is accepted, but is not on others since they have their own exchange that is run on the entire country.
There are some stores that accept currency directly so thats one solution, but honestly, the world just needs to coordinate with one another in building improvements for the qol changes of the people in terms of travelling, and the problem would probably be solved easily. Sadly, countries are fighting instead of growing together.
There are some stores that accept currency directly so thats one solution, but honestly, the world just needs to coordinate with one another in building improvements for the qol changes of the people in terms of travelling, and the problem would probably be solved easily. Sadly, countries are fighting instead of growing together.
As much as I don't want to sound anti-crypto, I cannot think of any other easy way to solve this issue than to use what is currently and conveniently available for all of us right now. If one is travelling across several countries and continents in consecutive weeks, it is indeed a hassle to shift from one currency to another. But this kind of hassle is more of a thing of the past with all of our global payment networks. We already have Visa, Mastercard, American Express, UnionPay, and so on.
For now, spending crypto directly from our wallets cannot be highly relied upon because there are only limited stores, hotels, restaurants, travel outlets, and so on that accept crypto payments. Fortunately, though, we already have a handful of crypto cards available. This would certainly make crypto spending a lot easier.
For now, spending crypto directly from our wallets cannot be highly relied upon because there are only limited stores, hotels, restaurants, travel outlets, and so on that accept crypto payments. Fortunately, though, we already have a handful of crypto cards available. This would certainly make crypto spending a lot easier.
We are currently working on a solution that aims to approach this problem and soon we will be announcing it.
And how do you propose to solve this issue? To start a currency exchange business, a company needs at least 7 different licenses from various authorities including Central Bank (in my country). The number of licenses will vary based on the country but Central Bank is a mandatory one everywhere. Are you planning to go through that route? Just curious!
[Taken from Globcoin Medium]
"My cousin in Perth has just got engaged to another Australian, and they’re planning their big day. Their dream honeymoon is a trip around Europe, which is a repeat of their first holiday together. But however much they loved that holiday, and each other, there’s one lingering doubt — and it’s not the jetlag.
Perth to London is long, but it’s the easy bit. The hard part starts, for them, once they start crossing country frontiers, and the currency changes.
«We like to travel light, to stay in small places, to explore beyond the usual big cities, and venture into countries our friends have never been around Europe, also touching into Africa and Asia. But every time we cross a boundary, and have our passports stamped, we start worrying about the currency. We look at restaurant menus, not for the food, but for the prices — can we afford this? Is this good value? At hotels we ask if they take Travellers cheques, or how much commission is charged to change money, or to pay on our domestic bank cards. We wistfully look at some countries and have been told ‘oh no, that’s really expensive’ by friends at home, so we take the train straight through, without stopping. It’s hard to plan a big trip around currency differences. It’s not the most romantic consideration»
Let’s not let currency issues get in our way. We need to make the process of holding, and exchanging currency easier, with a “safe store” of cryptocurrency in our wallet too, so we can hold our money in that cryptocurrency, until we really need to spend it. Like for that big trip"
"My cousin in Perth has just got engaged to another Australian, and they’re planning their big day. Their dream honeymoon is a trip around Europe, which is a repeat of their first holiday together. But however much they loved that holiday, and each other, there’s one lingering doubt — and it’s not the jetlag.
Perth to London is long, but it’s the easy bit. The hard part starts, for them, once they start crossing country frontiers, and the currency changes.
«We like to travel light, to stay in small places, to explore beyond the usual big cities, and venture into countries our friends have never been around Europe, also touching into Africa and Asia. But every time we cross a boundary, and have our passports stamped, we start worrying about the currency. We look at restaurant menus, not for the food, but for the prices — can we afford this? Is this good value? At hotels we ask if they take Travellers cheques, or how much commission is charged to change money, or to pay on our domestic bank cards. We wistfully look at some countries and have been told ‘oh no, that’s really expensive’ by friends at home, so we take the train straight through, without stopping. It’s hard to plan a big trip around currency differences. It’s not the most romantic consideration»
Let’s not let currency issues get in our way. We need to make the process of holding, and exchanging currency easier, with a “safe store” of cryptocurrency in our wallet too, so we can hold our money in that cryptocurrency, until we really need to spend it. Like for that big trip"
Thanks EvaGC for raising this concern, I am sure this is a struggle that many travelers are having and I totally agree that the process of holding and exchanging currencies need to be improved in order to increase adoption of Bitcoin and other cryptocurrencies.
We are currently working on a solution that aims to approach this problem and soon we will be announcing it.
[Taken from Globcoin Medium]
"My cousin in Perth has just got engaged to another Australian, and they’re planning their big day. Their dream honeymoon is a trip around Europe, which is a repeat of their first holiday together. But however much they loved that holiday, and each other, there’s one lingering doubt — and it’s not the jetlag.
Perth to London is long, but it’s the easy bit. The hard part starts, for them, once they start crossing country frontiers, and the currency changes.
«We like to travel light, to stay in small places, to explore beyond the usual big cities, and venture into countries our friends have never been around Europe, also touching into Africa and Asia. But every time we cross a boundary, and have our passports stamped, we start worrying about the currency. We look at restaurant menus, not for the food, but for the prices — can we afford this? Is this good value? At hotels we ask if they take Travellers cheques, or how much commission is charged to change money, or to pay on our domestic bank cards. We wistfully look at some countries and have been told ‘oh no, that’s really expensive’ by friends at home, so we take the train straight through, without stopping. It’s hard to plan a big trip around currency differences. It’s not the most romantic consideration»
Let’s not let currency issues get in our way. We need to make the process of holding, and exchanging currency easier, with a “safe store” of cryptocurrency in our wallet too, so we can hold our money in that cryptocurrency, until we really need to spend it. Like for that big trip"
"My cousin in Perth has just got engaged to another Australian, and they’re planning their big day. Their dream honeymoon is a trip around Europe, which is a repeat of their first holiday together. But however much they loved that holiday, and each other, there’s one lingering doubt — and it’s not the jetlag.
Perth to London is long, but it’s the easy bit. The hard part starts, for them, once they start crossing country frontiers, and the currency changes.
«We like to travel light, to stay in small places, to explore beyond the usual big cities, and venture into countries our friends have never been around Europe, also touching into Africa and Asia. But every time we cross a boundary, and have our passports stamped, we start worrying about the currency. We look at restaurant menus, not for the food, but for the prices — can we afford this? Is this good value? At hotels we ask if they take Travellers cheques, or how much commission is charged to change money, or to pay on our domestic bank cards. We wistfully look at some countries and have been told ‘oh no, that’s really expensive’ by friends at home, so we take the train straight through, without stopping. It’s hard to plan a big trip around currency differences. It’s not the most romantic consideration»
Let’s not let currency issues get in our way. We need to make the process of holding, and exchanging currency easier, with a “safe store” of cryptocurrency in our wallet too, so we can hold our money in that cryptocurrency, until we really need to spend it. Like for that big trip"
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