Binance Rolls Out Crypto Tourism

Brian Njuguna  Sep 28, 2022 12:35  UTC 04:35

1 Min Read

Binance, one of the leading global crypto exchanges, has launched an inaugural crypto-sponsored vacation dubbed crypto tourism meant to illustrate simple, secure, and efficient travel in Web 3.0.

Per the announcement:

“To demonstrate what is possible when you forgo traditional currency and globetrot exclusively using crypto, Binance has teamed up with leading travel influencers, Lauren Bullen and Jack Morris.”

Binance's campaign intends to show that crypto-backed travel is no longer complicated during exploring the world. Shortlised participants will have the chance to walk away with $50,000 in Binance Coin (BNB).

Furthermore, it seeks to revamp the travel industry as it continues getting on its feet based on challenges, such as geopolitical conflict, market volatility, and the Covid-19 pandemic.

James Rothwell, Binance’s global vice president of marketing, pointed out:

“Crypto tourism makes global travel easier and more secure for everyone. It's also an economical choice, since there are zero fees, full transaction transparency and no country-by-country exchange rate issues.”

He added:

“The ease of using crypto while traveling is a testament to the incredible mainstream global adoption we are starting to see.”

Crypto travel seeks to offer a whole new experience when it comes to traversing the world, especially for people who like exploration, according to Bullen.

Meanwhile, Thailand considered opening crypto payments for Russian and Ukrainian tourists as international sanctions continued to bite earlier this year. This was after Visa and Mastercard suspended Russian credit cards, Blockchain.News reported. 

Image source: Shutterstock

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