Most travel restrictions have been lifted and everyone is almost ready for the holiday season. Time to start checking travel destinations off the bucketlist. What better way to start traveling again than by using cryptocurrencies? LYOTRAVEL, a new venture brought to you by LYOPAY, aims to make traveling easier using cryptocurrencies.
Travel’s Downhill Run, Crypto’s Uphill Climb
Cryptocurrency adoption increases with over 102 million people using them worldwide, saying a report from Cambridge Judge Business School. We’ve seen the rise of different avenues for using them in daily life. Travel industry was one of the most affected industries globally: The World Tourism Organization (UNWTO) says that there has been a 76% fall in international travelers since 2019. On the other hand, the crypto industry grew by leaps and bounds.
This association with cryptocurrency has been a godsend for the travel industry at the moment, which has been looking for new ways to bring back people into traveling.
One of the new players in this marriage of crypto and travel is LYOTRAVEL.
Crypto and Travel — LYOTRAVEL
LYOTRAVEL is a travel booking website that lets you use cryptocurrencies when booking your flights, hotels or car service.
It is a new venture brought to you by LYOPAY, a cryptocurrency payments application where you can use crypto for day-to-day transactions. LYOPAY is classified as a Super App and has different types of services where you can use crypto for everything from opening bank accounts to grocery shopping.
Cryptocurrencies are the currency of the future, and in the post-pandemic era, we will need to use an easier way of using our money.
How Crypto Will Help Travelers
Tourists are scrambling to get tickets for the holiday season, hoping to get a chance to travel after two years of being confined to their borders. LYOTRAVEL gives them a way to book their tickets using all the major cryptocurrencies.
Earlier, to make travel bookings, you needed to be able to either pay using your debit or credit cards, bank transfers, or in fiat currencies. But now with the advent of cryptocurrency, another medium of payment has been created.
Crypto enthusiasts were looking for ways to use them since how abundant different coins have become these days. With not many methods to use all this kind of money, it became essential to come up with solutions, and travel was a match made in heaven.
Right now, only four major cryptocurrencies are available on the website, i.e., Bitcoin, Ethereum, Binance Coin and Tether. But LYOTRAVEL aims to have all of your favorite cryptocurrencies soon on the platform.
Now you don’t have to pay exorbitant fees to convert your crypto into fiat currencies to book your tickets. Crypto is money too, and we’ll finally be able to use it for whatever we like, travel included.
With the advent of cryptocurrency in the early 2010s, we’ve been trying to use them for different purposes other than mere storage of value. Travel is definitely an untapped market for cryptocurrency at the moment, and it will be very interesting to see how it pans out. We expect there will be more such agencies that will come up in the future and using cryptocurrencies will be the norm when it comes to traveling.
For the moment, LYOTRAVEL is one of the pioneers of this service, and fulfills all our needs of traveling with cryptocurrencies. It’s definitely worth checking out. Go to their website and start booking your tickets for the holiday season now!