Despegar is the first travel agency in Latam that uses crypto payments

Despegar is the first travel agency in Latam that uses crypto payments

One of the leading travel agencies in Latin America-Despegar-has teamed up with Binance Pay and Inswitch to make it possible to pay for travel packages in cryptocurrencies.

First of all, the offer will only be available for customers in Argentina.

Despegar is progressing

The agreement, preserver-spaces = "true "> from the world's largest cryptocurrency exchange, made Despegar in the first online travel agency (OTA) in Latin America, which accepts digital assets as a means of payment. Customers can settle hotel accommodations, flights, rental cars and cruises in more than 70 cryptocurrencies, including Bitcoin (BTC), Ether (Eth), Dogecoin (Doge), Litecoin (LTC) and Ripple (XRP).

While the new option only applies to customers in Argentina, it could also reach other countries in South America in the future.

Paula Cristi-General Manager of Despegar for Argentina and Uruguay-said that the company recognized the advantages of the cryptocurrency industry and argued that the offer would enable the Argentine to "approach this universe in a friendly way".

"We are proud to continue to add new alternatives and payment options so that more and more people are fulfilling their dream of traveling," she added.

Maximiliano Hinz-Binance Director for Latam Southern Cone-claimed that the main application of crypto was to facilitate payments. He is convinced that the sector is still in its infancy and believes that "adoption still has a lot of space to grow". The manager emphasized the partnership between Despegar and Binance Pay and described it as an "important step" that could promote digital assets in broad society.

The payment method is supported by Inwitch-a global financial technology company that is responsible for the conversion of digital currencies in Fiat. CEO Ronald Alvarenga commented:

"We look forward to this new alliance with Despegar and Binance, as it meets our obligation to democratize the payment industry and to enable a further payment method if you accept the world of cryptocurrencies."

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

crypto penetrates into the tourism industry

cryptocurrencies have already interacted with well-known global hotel chains. The Pavilions Hotels & Resorts with locations in Bali, Phuket, in the Himalaya, Rome and Amsterdam, Tied up with Coindirect in 40 different digital asset.

The Chedi Andermatt-A Swiss Hotel in the Alps-followed to enable Customers to be paid in BTC or ETH.

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

It is worth noting that the largest hotel chain according to the number of available rooms-Marriott International-is also immersed in the crypto ecosystem. Unfortunately for the organization it includes The numerous FTX believers .

.