International Travel Agency Destinia Lists Bitcoin as Preferred Payment Option for Venezuela Flights

Venezuela’s financial turmoil is affecting many local businesses, and the government recently announced the demonetization of its currency, the Bolivar. On the other hand, international service providers are also increasingly concerned about the country’s developments. Well-known travel agency Destinia has confirmed that they will prioritize Bitcoin payments for Venezuelan flights. Due to their lack of confidence in the country’s currency, the Bolivar, and the rising demand for Bitcoin, this could be an important turning point for the company.

The decision by Destinia, while not entirely unexpected, is quite surprising. Destinia has been offering flights to and from Venezuela, many of which are paid in the local bolivar currency. With the country’s ongoing inflationary issues, holding large amounts of bolivars is becoming less attractive. In fact, the company loses a portion of its revenue for every bolivar transaction it receives.

Destinia sees Bitcoin as a viable solution

One way to solve this problem is to stop accepting Bolivars as payment. Unfortunately, this means that many people will have to find alternative payment options. It looks like Destinia sees Bitcoin as a solution to these problems. In fact, the company has outlined similar ideas in its blog in the past.

It’s a pretty interesting move that Destinia is accepting Bitcoin payments for all of its Venezuelan operations. It shows that Destinia feels Bitcoin payments have a bright future in the travel industry. It’s also a great way to promote Bitcoin in a country that’s been plagued by financial problems. A global payment solution is badly needed, and Bitcoin looks like it could be up to the task.

Given the current exchange rate for the Venezuelan Bolivar, Bitcoin makes more sense than the national currency . Unless people traveling to and from the country use Bitcoin, they are likely to encounter ridiculous Bolivar exchange rates. The difference between using Bitcoin and using Bolivars may not be immediately apparent, but it will become clear when you get your receipts and monthly statements.

Making Bitcoin a preferred payment option for travel to Venezuela is a smart move. But this does not mean that Destinia will suddenly remove other traditional payment options. Bitcoin will be the primary payment option, while consumers can still use bank transfers and payment cards to pay for flights to Venezuela offered by Destinia.