$USDC 💥Cryptocurrency-based transactions have become more common in the travel sector and beyond. Airlines that have integrated digital currencies into their booking systems have seen a 40% increase in bookings, with travel and hospitality accounting for 14% of all cryptocurrency transactions by 2025, according to a report from February 21 by Triple-A.

The main benefit of using cryptocurrencies for travel is their global borderless utility, explained Jonathan Lim, global head of Binance Pay, to Cointelegraph. “Travelers can avoid currency exchange queues, foreign transaction fees, and pay instantly using assets they already own,” he added.

A growing number of cryptocurrency users also drives the increase of travelers using cryptocurrencies to pay for their trips. The Triple-A report shows that cryptocurrency ownership has a compound annual growth rate of 99%, significantly outpacing the growth of traditional payment methods. Among cryptocurrency owners, 65% express interest in using them for payments.