Glenn Fogel, the CEO of Booking.com, one of the largest travel websites in the world, said that virtual currencies may become more widely accepted across the globe, specifically outside the United States. He mentioned this during an interview with Skift.com published on August 20.
Booking.com CEO Believes Cryptos Could Reach Mass Adoption
As the cryptocurrency market continues expanding all over the world, the CEO of Booking.com, one of the largest travel sites on the internet, said that digital assets may reach mass adoption. During this interview, he talked about many developments and how Booking.com is evolving and competing with other companies.
Mr. Fogel said that the payment systems in the travel industry must be seamless but the process is sometimes too complicated. Moreover, he explained that companies should focus on offering services for individuals to be sure their information is safe and also protected. As Fogel mentioned, he sees the potential for a new form of global currency that is protected and secure: Bitcoin.
He said that although their legitimacy is tested and questioned, he believes that blockchain-based digital assets will continue to surface and become more widely accepted around the world.
About it, he said:
“When Bitcoin became well known, many questioned its legitimacy, and while the jury is still out on the future of Bitcoin, I do believe currencies with a blockchain base will continue to surface and may become more widely accepted across the globe, especially outside the U.S., which has a well-accepted credit card payment system.”
Booking.com is currently facing new competitors that are accepting digital assets for hotels and flights. For example, Travala is offering crypto users to pay with Bitcoin (BTC) and other cryptocurrencies for more than 1700000 hotels worldwide. This firm has also partnered with other companies and travel firms to expand its services. Furthermore, CheapAir accepts Bitcoin for flights.
Travala does not only accept PayPal, MasterCard, Visa and American Express, but they also accept Bitcoin Cash (BCH), Litecoin (LTC), Dash, Ethereum (ETH), XRP, Nano, Tron (TRX), Dai, Binance Coin (BNB) or Digibyte (DGB).
At the moment, there is no information on whether Booking.com is going to accept crypto payments. However, Glenn Fogel showed himself very confident about the future of the cryptocurrency market and how Bitcoin and other virtual currencies could become a more accepted means of payment worldwide.
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