Block Journal
No Result
View All Result
  • Login
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianopt Portuguêsru Русскийes Españolth ไทยzh-CN 简体中文hi हिन्दीja 日本語
  • Home
  • News
  • Crypto
  • Markets
  • Investing
  • Glossary
  • Videos
  • Charts
    • Crypto
    • Forex
    • Stocks
    • Commodities
  • Magazine
Magazine
Newsletter
  • Trending Now
  • Bitcoin
  • Altcoin
  • Ethereum
  • Analysis
  • Blockchain
  • Metaverse
  • NFT
  • DeFi
  • Web3
  • GameFi
  • ICO
  • Legal
  • Security
Block Journal
  • Home
  • News
  • Crypto
  • Markets
  • Investing
  • Glossary
  • Videos
  • Charts
    • Crypto
    • Forex
    • Stocks
    • Commodities
  • Magazine
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianopt Portuguêsru Русскийes Españolth ไทยzh-CN 简体中文hi हिन्दीja 日本語
No Result
View All Result
Block Journal
No Result
View All Result
  • News
  • Crypto
  • Markets
  • Investing
  • Videos
  • Charts
Home News

Despegar Becomes First Travel Agency in LATAM to Embrace Crypto Payments

News Room by News Room
March 12, 2023
in News
Reading Time: 3 mins read
0 0
A A
0

One of the leading travel agencies in Latin America – Despegar – partnered with Binance Pay and Inswitch to enable clients to pay for tour packages in cryptocurrencies.

For starters, the offering will be available only for customers in Argentina. 

Despegar Leads the Way

The agreement, announced by the world’s biggest cryptocurrency exchange – Binance, turned Despegar into the first online travel agency (OTA) in Latin America to accept digital assets as a means of payment. Customers will be able to settle hotel accommodation, flights, car rentals, and cruise trips in more than 70 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP).

While the new option applies only to clients in Argentina, it might reach other countries across South America in the future. 

Paula Cristi – General Manager of Despegar for Argentina and Uruguay – said the firm has realized the merits of the cryptocurrency industry, arguing the offering will allow Argentines to “approach this universe in a friendly way.”

“We are proud to continue adding new alternatives and payment facilities for that more and more people fulfill their dream of traveling,” she added.

Maximiliano Hinz – Binance Director for Latam Southern Cone – claimed crypto’s main use case is to facilitate payments. He is convinced that the sector is still in its early days, believing “adoption has a lot of room to grow.” The exec highlighted the partnership between Despegar and Binance Pay, describing it as an “important step” that could promote digital assets across broad society.

The payment method is supported by Inswitch – a global financial technology company responsible for converting digital currencies to fiat. CEO Ronald Alvarenga commented:

“We are happy about this new alliance with Despegar and Binance, as it fulfills our commitment to democratize the payment industry and allow Despegar clients one more payment method when embracing the world of cryptocurrencies.”

Despegar is among the largest travel agencies in Latin America. It has over 4,500 employees and stretches to over 20 countries in the region, including Argentina, Brazil, Colombia, Chile, Mexico, Uruguay, Venezuela, Costa Rica, the Dominican Republic, and many others. 

Crypto Invades the Tourism Industry

Cryptocurrencies have already interacted with well-known global hotel chains. The Pavilions Hotels & Resorts, which has locations in Bali, Phuket, the Himalayas, Rome, and Amsterdam, teamed up with Coindirect in 2021 to allow payments in 40 different digital assets. 

The Chedi Andermatt – a Swiss hotel in the Alps – followed suit, enabling customers to settle their accommodation in BTC or ETH instead of fiat. 

Novotel Bahrain Al Dana Resort, located in the capital Manama, W Dubai – The Palm, and Palazzo Versace Dubai are also on the list.

It is worth noting that the biggest hotel chain by the number of available rooms – Marriott International – has also dived into crypto’s ecosystem. Unfortunately for the organization, it is among the numerous FTX creditors.

Read the full article here

ShareTweetSharePinShareShareSend

Related News

AI revives moribund software stocks
News

AI revives moribund software stocks

June 9, 2023
Donald Trump says he has been indicted on federal charges in documents probe
News

Donald Trump says he has been indicted on federal charges in documents probe

June 9, 2023
Quantum miners would yield ‘massive’ energy savings for blockchain: Study
News

Quantum miners would yield ‘massive’ energy savings for blockchain: Study

June 9, 2023
Australia’s Largest Bank to Temporarily Cease ‘Certain’ Payments to Crypto Exchanges 
News

Australia’s Largest Bank to Temporarily Cease ‘Certain’ Payments to Crypto Exchanges 

June 9, 2023
Traders raise bets on higher US interest rates
News

Traders raise bets on higher US interest rates

June 8, 2023
Crypto custodian BitGo signals intent to acquire Prime Trust
News

Crypto custodian BitGo signals intent to acquire Prime Trust

June 8, 2023
Joe Biden says US will provide Ukraine funding for ‘as long as it takes’
News

Joe Biden says US will provide Ukraine funding for ‘as long as it takes’

June 8, 2023
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
News

Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’

June 8, 2023
Binance Unveils New Cloud Mining Products Amidst Regulatory Turmoil
News

Binance Unveils New Cloud Mining Products Amidst Regulatory Turmoil

June 8, 2023

Discussion about this post

Latest News

UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services

UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services

June 9, 2023
GBP/USD pauses pullback from multi-day top near 1.2380 on upbeat UK GDP, US inflation eyed

GBP/USD consolidates its recent gains to multi-week top, holds steady above mid-1.2500s

June 9, 2023
Brazil, Australia open talks on agricultural trade agreements

US and UK back new ‘Atlantic Declaration’ for economic cooperation

June 9, 2023
Starbucks shareholders seek input on labor rights review – letter

Starbucks shareholders seek input on labor rights review – letter

June 9, 2023
Stocks to Watch: Aehr Test Systems, Roku, Cingulate

Do smoky skies have you shopping for an air purifier? 5 things to know and I grew up with forest fires in Asia. Here’s what I learned.

June 9, 2023
ADVERTISEMENT

Popular

  • Canada’s budget measures brighten funding prospects for critical miners

    Danske Bank raises profit goal, puts Norway retail unit up for sale

    0 shares
    Share 0 Tweet 0
  • Slump in global cashew demand pushes Ivory Coast industry to verge of collapse

    0 shares
    Share 0 Tweet 0
  • Iran’s president visits Syria as he seeks to bolster Tehran’s sway over ally

    0 shares
    Share 0 Tweet 0
  • Decentralized Exchange DYdX’s Token Spikes Almost 10% After SEC Sues Binance for Alleged Securities Violations

    0 shares
    Share 0 Tweet 0
  • Safran confirms talks with Raytheon over flight control assets

    0 shares
    Share 0 Tweet 0
Block Journal

Block Journal is the world’s leading source in blockchain news and updates. Follow us to stay up-to-date with all you need to know in web3.

LEARN MORE »

Recent Posts

  • UK Lawmakers Clash Over Government Plans to Regulate Crypto as Financial Services
  • AI revives moribund software stocks
  • GBP/USD consolidates its recent gains to multi-week top, holds steady above mid-1.2500s

Trending Topics

Altcoin Analysis Bitcoin Blockchain Commodities Crypto DeFi Ethereum Forex Futures GameFi ICO Investing Legal Markets Metaverse News NFT Security Stocks Uncategorized Videos Web3

Get Informed

The most important crypto and finance news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • About
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Copyright © 2023 Block Journal - Created by Sawah Solutions.

No Result
View All Result
  • Home
  • News
  • Crypto
  • Markets
  • Investing
  • Glossary
  • Videos
  • Charts
    • Crypto
    • Forex
    • Stocks
    • Commodities
  • Magazine

Copyright © 2023 Block Journal - Created by Sawah Solutions.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.