From Bitcoin to Boarding Passes: The Impact of Cryptocurrency on Travel

Dmitry Ivanov, CMO at CoinsPaid

Travel and luxury hospitality companies are adopting cryptocurrency payments to meet the needs of crypto users seeking convenience, with benefits including faster transactions, lower fees, improved conversion rates, privacy, security, and innovative reward programs.

From airlines to luxury hotels, we’ve recently seen companies exploring the possibilities of crypto and blockchain in improving traveling experience. For instance, in early January 2023, Spanish Airlines Vueling announced a move to accept crypto payments for its services. Another recent case is that of a luxury hotel, the Novotel Bahrain Al Dana Resort, that also announced a similar move

To some, travel and hospitality sectors may not seem like the obvious industries to show appetites for crypto adoption or benefit from it, but practice shows otherwise. A poll conducted last year by Airbnb CEO Brian Chesky asked respondents what they wanted to see from the company launch in 2022 and showed that crypto payments were the top suggestion. Another study by Traders of Crypto indicates travel as the biggest crypto-friendly industry. 

All this suggests that travel is one of the convenient ways for crypto users to spend their earnings. Consequently, many companies in the travel industry are jumping on the crypto adoption bandwagon to fulfill this particular need.

Travel Companies Are Actively Adopting Crypto Payments

It might surprise you to hear that the usage of cryptocurrencies in the travel industry actually started nearly a decade ago. In 2013, CheapAir emerged as the first online travel agency to accept crypto payments in the form of Bitcoin. A year later Air Baltic followed suit and became the first airline worldwide to accept Bitcoin payments. In addition to that, Switzerland and US luxury hotels Kessler Collection and Dolder Grand introduced Bitcoin as payment options for customers in 2019 and 2021, respectively.

Other notable companies that have joined the bandwagon and adopted crypto in their businesses include Mirai Flights, Peach Aviation, LOT Polish Airlines, Vueling Airlines, and Norwegian Air. On top of that, there are examples of third-party platforms allowing flight ticket purchases with crypto, such as and

It is exciting to see more and more players from the travel industry adopt crypto. Universal Air Travel Plan (UATP), one of the world’s leading airline-owned payment networks, has been working to bring cryptocurrency payment options to over 260 airline members and travel merchants. The company also outlined that cryptocurrency purchases are in significant demand in the travel industry.

So why is it that the travel sector, and luxury travel in particular, shows such prominent potential for crypto adoption? Firstly, most crypto investors seek ways to spend their crypto earnings without converting them into fiat currency. And they see paying for luxury travel experiences like yachts, private jets, and luxury hotels as an appealing opportunity. Secondly, crypto payments offer lower fees and better conversion rates on international purchases, in addition to providing privacy and convenience.

Above all, there are some luxury services that are only available through the usage of crypto payments. One such example is Mirai Flights, a private jet company, that allows customers to book a private flight anywhere in the world at any time of the day via crypto.  

What Are the Benefits of Crypto in the Travelling Industry?

Adopting crypto usage in the travel industry benefits both customers and businesses in a number of ways.

First of all, there is the matter of convenience. Unlike other forms of transactions like wire transfers, crypto transactions don’t take hours or days to be completed. Speed is essential for travelers, especially when doing a big transaction. Also, with crypto payment, travelers can pay for services anytime in any region without worrying about converting one currency to another, especially in foreign countries.

Another matter to consider here is the transparency and security of payments. With crypto, travelers can pay for services/products at lower fees through a decentralized booking system that does not rely on intermediaries. Moreover, through blockchain technology, only authorized parties can access sensitive information, and each transaction on a block has a time stamp, making tampering with data hard. As a result, there is trust in the transaction for both sellers and buyers.

There is also an additional advantage that comes in the form of crypto redefining loyalty and cashback programs. In the travel industry loyalty programs are a big thing for customers and businesses. A crypto reward program is an excellent way for businesses to engage with their customers and stand out from their competitors.

From a customer’s perspective, cryptocurrency rewards are based on a decentralized system, and their value depends on market demand. Therefore no central entity controls their value like in traditional loyalty programs. From a business perspective, companies can use blockchain technology to track reward usage and prevent fraud.

Bottom line

As cryptocurrencies and blockchain usage go mainstream, I see the travel industry set to reap significant benefits. We are already seeing various businesses adopt crypto payments, which have allowed travelers to easily charter private jets, book flight tickets, pay for hotels, etc.

As more travelers embrace crypto in the coming years, increased demand for blockchain solutions that align with users’ needs will likely occur. That will also mean more businesses in this industry will have to adjust to stay competitive.

Dmitry Ivanov
Dmitry Ivanov, CMO CoinsPaid

Dmitry Ivanov is a professional trader and an expert in crypto adoption. Over the past four years, Dmitry developed CoinsPaid from an average startup to one of the largest companies in the field of crypto payments and processing. Thanks to his expertise, the company today has over 800 merchant clients worldwide and over €23 billion processed in crypto transactions.

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

Read this next

Digital Assets and Unite to Pave the Way for Decentralized AI Development

In an effort to create a community-driven platform for on-chain, decentralized AI models; the leaders have decided to join hands with to power Flock with decentralized computing.


Crypto 2025: The Action Points to Follow to Capitalize on Bitcoin and BlockDAG Network’s 2025 20000X ROI Predictions

In this analysis, we delve into the price predictions for Bitcoin and BlockDAG Network, and we explore the factors driving these projections while offering actionable insights for investors that are looking to capitalize on the 20000x potential of these projects.

Retail FX

Orfinex joins Financial Commission as approved broker member

Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality standards set by the commission.


Telegram CEO’s Bitcoin stash valued in hundreds of millions

Telegram CEO Pavel Durov revealed that he has held several hundred million dollars in fiat and bitcoin for the past decade.

Digital Assets

Bitcoin drops below $60K as halving just 300 blocks away

Bitcoin fell below the $60,000 mark on April 17, just days before a scheduled reduction in mining rewards, known as the “halving,” which is set to occur on April 20.


New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Retail FX

Interactive Brokers posts Q1 earnings, raises dividend

Interactive Brokers Group Inc (NASDAQ:IBKR) announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Gold  April 17 ,2024

The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.

Digital Assets

Kraken launches self-custodial wallet, joining competitors like Coinbase

Kraken, the second-largest U.S.-based cryptocurrency exchange, has introduced its own digital wallet, aligning its offerings with those of competitors like Coinbase.