Thailand plans to open facilities for crypto tourism. Know What It Is And Other Countries Advertise This Type of Tourism
El Salvador becomes the first country to accept Bitcoin as legal currency
To boost the tourism industry ravaged by the COVID-19 pandemic, Thailand recently said it is partnering with local crypto companies and exchanges to start accepting digital currencies for tourists. calendar. This form of travel, known as crypto tourism, caters to crypto enthusiasts by offering them package tours that can be paid with digital currency. By using Bitcoin and other cryptocurrencies, travelers can make payments seamlessly while avoiding high ATM fees, currency conversion rates, etc.
According to a Bloomberg’s report, the Tourism Authority of Thailand (TAT) has planned to target newly minted crypto millionaires. Thai Governor Yuthasak Supasorn said that if “those who become rich from holding digital currencies” can use the currency “without having to exchange or incur government taxes, it will create to their convenience”.
What is crypto tourism?
Cryptocurrency travel is a form of travel in which crypto enthusiasts or investors use cryptocurrency to pay for their travels. So if you hold cryptocurrencies like Bitcoins, you can use them to pay for your hotels, food, and other amenities. Cruises with many amenities for crypto enthusiasts are also included in some programs.
Examples
For example, the travel arm of CoinsBank, a blockchain solutions provider based in Edinburgh, Scotland, hosted blockchain cruises in the past which has received a lot of attention. The last trip was held from June 9-13, 2019. The trip started in Barcelona and ended in Rome. The global conference was held at Royal Caribbean’s Oasis of the Seas, stopping at Palma de Mallorca, Marseille and La Spezia. The event brought decision-makers together for four days of panel discussions and other activities.
Travelers using crypto on vacations are another type of crypto tourism. Some travel agencies in Queensland, Australia, have incorporated cryptocurrency in their vacation packages to experience the Great Barrier Reef. Tourists have been able to book reef tours, surfing classes and environmental trips using the digital currency.
This year, in September, El Salvador became the first country to adopt Bitcoin as a fiat currency. This could be a game changer for travel cryptocurrencies if more countries follow suit.
