Cryptocurrency is taking off as a way to pay for those vacation getaways

Cryptocurrency is taking off as a way to pay for those vacation getaways

You'll probably have to use to pay off that ransomware hacker who froze your laptop, but where else might you put all your bitcoin, ethereum and other digital coins to actual use? Tesla may about accepting bitcoin for its electric vehicles again, yet cryptocurrency holders can tool around in other ways now that travel suppliers are warming up to the idea. Airfare website Cheapair.com, Latvian carrier Air Baltic and Richard Branson's have long accepted bitcoin, and Berlin-based tours and activity booking site started taking , processed via BitPay, in June as part of its expansion in the U.S. Cryptocurrency transactions "will really matter for travel" and his firm is looking at accepting other coins going forward, said Johannes Reck, CEO and co-founder of GetYourGuide. "People want to put their crypto back into the system [and] travel is one of the biggest categories there is," he added. "We take dogecoin now into the real world; you can apply it and actually get a real-world, kinetic experience." Cryptocurrency also appeals to younger generations of travelers, say industry players. Alex Simon, co-founder and CEO of soon-to-be-released travel app Elude, said next-gen vacationers "are looking for modern ways to plan and book trips." "The