Travel website Booking.com has entered into a payment partnership with cryptocurrency website Crypto.com to provide travel deals to users in the form of substantial discounts when they make travel reservations using the Crypto.com Visa card.
Under this innovative partnership, users who make accommodation reservations on Booking.com using their Crypto.com Visa card will get a range of perks that include not having to pay extra for foreign transactions, free cash withdrawals from ATM and up to eight per cent cash back on their spending. For Crypto.com users, the arrangement will mean unfettered access to hundreds of thousands of properties at a discounted rate.
With the travel industry going through a rough patch due to the restrictions necessitated by the COVID-19 global pandemic, this payment partnership between Booking.com and Crypto.com represents an innovative way to attract users, particularly those familiar with cryptocurrency, by offering travel perks.
Crypto Payment Partnerships
This Partnership Brings Travel Discounts to Cryptocurrency Users
Trend Themes
1. Crypto Payment Partnership Deals - Using cryptocurrency to pay for travel reservations in partnerships like those between Booking.com and Crypto.com will continue to gain traction and appeal to tech-savvy travelers looking to benefit from exclusive deals.
2. Cryptocurrency Payment Innovation - Collaborations between travel and cryptocurrency companies represent a growing trend that highlights an opportunity for payment innovations in traditional industries.
3. Travel Perks on Cryptocurrency Purchases - Providing perks that appeal to travelers, like the partnership between Booking.com and Crypto.com which offers discounted rates and travel incentives on cryptocurrency purchases, creates new opportunities to attract and retain customers.
Industry Implications
1. Travel Industry - The travel industry can leverage cryptocurrency payment partnerships to offer unique deals and incentives to consumers and increase customer satisfaction, especially as the industry recovers post-pandemic.
2. Cryptocurrency Industry - Collaborating with companies in traditional industries like travel to offer payment options in cryptocurrency expands the reach of the crypto industry and promotes the adoption of cryptocurrency by traditional businesses and consumers alike.
3. Payment Industry - The collaboration between Booking.com and Crypto.com to offer exclusive cryptocurrency payment deals highlights the potential for payment innovation and new opportunities for payment providers in traditional industries.