A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face financial restrictions. Authorities in Thailand Consider Accepting Cryptocurrency From Russian Visitors Talks…
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Salvadoran President Nayib Bukele previously announced that El Salvador’s GDP grew over 10% in 2021. El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product but also for the local tourism development. According to El Salvador’s tourism minister Morena Valdez, the…
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In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments. Tourism Board of…
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The proposed TAT Coin will enable tourism operators to cash in on the popularity of cryptocurrencies. The Tourism Authority of Thailand (TAT) is considering creating its own utility token to capitalize on the growing popularity of cryptocurrencies. Named after the agency’s acronym, the plan to launch TAT coin will have to navigate through Thailand’s complex…
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Well-heeled Japanese crypto holders are being targeted by Thailand’s tourism industry. In its latest effort to revive the Kingdom’s pandemic-battered tourism industry, Thailand’s tourism authority is targeting cryptocurrency holders from Japan. The Tourism Authority of Thailand (TAT) wants to establish the country as the first to go out of its way to welcome cryptocurrency holders,…
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Interoperability between Macau’s blockchain-powered medical data system and mainland Chinese health codes allowed tourism between the jurisdictions to recommence. Chinese non-profit blockchain consortium FISCO BCOS, reports that blockchain-based health records have successfully enabled China to resume mainland tourism to Macau. From May, Macau’s blockchain-powered medical data system has recognized the ID codes of the Guangdong…
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“Avoid Bitcoin like a plague.” Micheal O’Leary — the CEO of major budget airline Ryanair — has come out very bearish on Bitcoin (BTC). Recently speaking to The Times, O’Leary likened Bitcoin to a Ponzi scheme and advised investors to avoid it: “I have never, and would never, invest one cent in Bitcoin, which I…
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The firm plans to become a fully decentralized online travel agency. Cryptocurrency travel agency Travala.com announced that it started a collaboration with Binance Chain aiming to decentralize its services. Travala.com intends to roll out decentralized reviews, decentralized accommodation bookings, a decentralized referral system and a decentralized salesforce. The firm’s CEO Juan Otero explained that —…
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Travala.com now offers a total of 3 million accommodation options users can book with cryptocurrency. Online travel booking platform Travala.com has added one million new homes across 195 countries to its site with the release of a designated home bookings section called ‘Homes’. Holiday homes and apartments can be booked with over 30 different cryptocurrencies…
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Travala is expanding its crypto-powered offerings thanks to a new partnership. Travala.com has recently added an additional 600,000 hotels to its crypto-powered online travel platform thanks to a recent partnership with booking giant, Agoda. Travala’s CEO, Juan Otero, told Cointelegraph that the number of properties on the platform has now reached over 2.2 million in…
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