April 26, 2024

22% of US residents plan to use cryptocurrency for payment

22% of US residents plan to use cryptocurrency for payment

According to a survey by Travala.com, 38% of Americans intend to travel more and one in fourof respondents is ready to pay for expenses with cryptocurrencies.

Americans are ready to pay for travel with cryptocurrency

Travala.com, the world's leading cryptocurrency-focused online travel agency (OTA), has announced the results of its research into the impact of COVID-19 on Americans' travel plans in the second half of 2021. Overall, the results showed a strong desire among respondents to spend more on travel this year and an increased desire to use cryptocurrencies such as Bitcoin for payment.

The survey of 1,000 Americans found that 38% of respondents plan to travel more after the pandemic, with 71% expecting to spend more on travel than before the pandemic.

Almost half of respondents (48%) said that theyare willing to spend more than a full salary on a domestic holiday in the second half of 2021, while almost one in four (23%) are willing to spend more than two full salaries on international travel.

When asked how they plan to pay for travel in the second half of 2021, over 22% said they plan to use cryptocurrency to pay for some services while traveling.

“This study reveals two key trends:Americans are optimistic about travel in the second half of this year, and more and more people want to pay for it with cryptocurrency. We are seeing a record number of bookings and payments made in digital coins. They quickly became the preferred means of payment amid the growth in the cryptocurrency market and the large number of places to spend digital currency in the real world. ", said Juan Otero, CEO of Travala.com.

The most popular cryptocurrencies for paymentTravel respondents named Bitcoin (70%), USDT (45%), Ethereum (37%) and AVA (35%), Travala.com's own coin, which can be used for payments, loyalty rewards, discounts, exclusive bonuses and more another.

Cryptocurrencies are becoming a full-fledged means of payment

Along with the rise in the value of cryptocurrency, itspopularity in the world is only increasing. Today, more and more companies are ready to accept digital currencies as a means of payment. Cryptocurrencies can be used to buy not only food and computer programs, but also yachts, planes and luxury real estate.

At the beginning of January 2020, one of the largestcryptocurrency exchange Huobi announced a partnership with high-tech real estate agency Fäm Properties. The trading platform offered clients tools that enabled them to buy real estate in Dubai with cryptocurrency. The main means of payment were Bitcoin (BTC) and Ethereum (ETH).

There are different ways to buy a car with cryptocurrencyways. In particular, such services are offered by trading platforms. For example, you can buy a car for BTC on the Czech commodity portal Alza. And at the beginning of the year, Elon Musk himself said that he was not against accepting payments in Bitcoin.

You can find out more about what you can buy for cryptocurrency in Russia and the world from our special material.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

22% of US residents plan to use cryptocurrency for payment

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