The tech-savvy tourist and Bitcoin proponents recently got a shot in the arm after one couple proved that it’s possible to travel around the world using Bitcoin.
Austin Craig and Beccy Bingham spent 100 days on the road using nothing but Bitcoin as currency. Bitcoin has been slowly increasing in value and being adopted by mainstream businesses. The presence of Bitcoin ATM’s also allows for customers to exchange their Bitcoins for cash instantly. Craig and Bingham are not new to the cryptocurrency; they live in Provo, Utah, where they also proved that it’s possible to live solely on the virtual currency.
Bitcoin Acceptance worldwide
The newlyweds travelled across America, through Europe and finally went to Asia on their 100 day trip. The couple described their travels as a case of feast and famine. For example, when they first landed in Stockholm, they went straight to sleep from exhaustion. When they woke up, they couldn’t find an eatery that would accept Bitcoin, meaning they had to wait until the next day so that they could eat the breakfast offered by the hotel.
The couple has also been surprised by a number of merchants willing to accept the crypto currency. While walking through a market in India during the Diwali festival, a woman who creates henna tattoos asked Beccy if she wanted one done. Beccy had to first explain the crypto currency to the lady, who had a Smartphone. Beccy set her up with a Bitcoin wallet and made the payment immediately. After that, Beccy got her henna tattoo.
While in Berlin, they went to the Kreuzberg neighbourhood. This neighborhood has the highest density of merchants who accept Bitcoin in the world. Here, Bitcoin is just as common as traditional cash. In contrast, the couple could only eat at three restaurants in Singapore which accept the cryptocurrency as payment.
Making Bitcoin travel Arrangements
When beginning their journey, Craig and Beccy used an online travel agency known as Simply Travel. The site is one of a kind and accepts Bitcoin, making it possible to make a reservation at more than 300,000 hotels worldwide. The company can also help you to book flights and rent cars using Bitcoin.
According to the CEO of simply travel, it took almost half a year from the launch of their site to the time they could accept Credit cards; in contrast it took half a day with a developer for them to integrate Bitcoin on their site. Currently, an average of 12 bookings a day are made using the crypto currency. Compared to traditional payment methods, Bitcoin has no risk of chargeback’s or fraud as is common with credit cards making it a great payment system especially in the travel industry where payments are usually large.
For Craig and Beccy, travelling using Bitcoin was very refreshing as they did not have to deal with foreign transaction fees while exchanging money. The couple also found that they saved a lot more money than they would have if using a credit or debit card.
You can’t just run to the store every time you need something, you have to think a little more.
traveling, travel, bitcoin