Boosting Crypto Real-World Use Cases: Travel Giant Adopts Bitcoin (BTC) And Bitcoin Cash (BCH)
2019 is said to become the year in which we’ll witness crypto mass adoption.
These have been a lot of movements in the crypto space which are leading the digital assets towards the accomplishment of this goal.
Some experts said that the only ingredients that are missing so that crypto can reach mainstream adoption are institutional investors and more real-world use cases.
Regarding the institutional investments and the big players in the game, Binance CEO Changpeng Zhao has recently said that we should start expecting a wave of institutional investors because the FOMO mode has been activated.
And regarding the real-world use cases of crypto, things also seem to be going great in that direction as well.
Using crypto daily by big companies
In a recent Bloomberg interview, BitPay chief commercial office Sonny Singh addressed the skepticism towards using BTC and crypto by big companies in daily payments.
He’s leading the world’s largest BTC payment processing platform which allows merchants and businesses to convert BTC and BTC Cash into fiat.
He talked about BTC’s power which goes beyond being a store of value and reaches payment.
He also said that most such cases are outside of the US.
“I think Bitcoin has a lot of regional use cases around the world, especially outside of Americ. At BitPay we just signed up a Fortune 500 company called Avnet, which is one of the largest IT providers in the world,” he said.
He continued and explained “So you’re starting to see that use case really develop around the world that’s outside of America – where in America, most people just use it for speculation. But outside in the world, Bitcoin is really catching on fast.”
Travel company accepts crypto
BitPay teamed up with Corporate Traveller which is a division of Flight Center Travel Group one of the largest travel companies to accept payments in digital assets.
The Daily Hodl reported that the new partnership allows customers to make their business travel bookings by paying in Bitcoin and Bitcoin Cash.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.