“There could be individual situations where a consulate might also accept other proof of assets, such as crypto-assets,” said Laura Bernard of the European Commission. For international travelers still able to cross borders amid an ongoing pandemic, using cryptocurrency to prove they have the means to sustain themselves abroad is a relatively new concept. Many…
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Justin Sun, the founder of Tron, a smart contract-enabled cryptocurrency platform, announced yesterday he would fly to space next year to fulfill one of his childhood dreams. The space trip will be done in a Blue Origin spaceship, the company owned by Jeff Bezos, founder of Amazon, which also made an inaugural flight last July.…
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Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist…
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The crypto-friendly travel company Travala published its third-quarter 2021 report showing the firm has grown significantly alongside the growth of crypto adoption. In fact, cryptocurrency adoption has “more than offset the negative impact of the pandemic,” the company said as Travala posted a record-setting quarter in Q3 2021. Crypto Adoption Bolstered Travel Company Travala’s Third…
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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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As vaccinations continue to be rolled out globally, more countries are starting to open up their borders to tourists. Even though the ongoing coronavirus pandemic has yet to fully recede, an increasing number of countries are beginning to open up their borders to tourists once again. Furthermore, with large-scale vaccination drives taking place all over…
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Meanwhile, crypto firms are genuinely trying to revive the badly-hit travel sector using distributed-ledger technology. Short-term accommodation booking platform Airbnb has filed a prospectus for a $1 billion initial public offering, or IPO, with the United States Securities and Exchange Commission on Nov. 16. Hidden away in the 350+ page document is a half page…
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“Offering travelers the ability to pay via Bitcoin feels like the right move at the right time.” A California-based visa and passport processing company announced it would be accepting Bitcoin as a form of payment as the U.S. State Department’s operations are beginning to return to normal. According to a Nov. 6 announcement from passport…
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One aircraft comes at a cost of roughly 3,750 Bitcoin. A private aircraft sales company has started allowing customers to purchase any of their multi-million dollar jets using Bitcoin. According to a Sept. 13 report from news outlet Business Insider, U.S.-based Aviatrade is currently selling an upgraded 2014 Gulfstream G650ER for $40 million — roughly…
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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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