Small & Midsize Travel Providers Have New Payment Options

By Author: D Edward Levy
Total Articles: 25
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For 2025, Recent estimates suggest 562 million cryptocurrency holders across the globe, a 99% increase from 18 million in 2018. BITCOIN itself broke through the ‘magical’ $100,000 price point in December of 2024 and continues to confidently value above that marker. Cryptocurrency use in the travel industry has also shown promising and positive statistics. Crypto focused, online travel agency Travelea, reported that in 2024, 78% of all bookings were paid for in cryptocurrency (Phocuswire). The outlook for cryptocurrency as a travel payment is rosy as well, with some pegging 5% of all travel purchases made with cryptocurrency by 2030, up from current 1%. Small and medium sized travel providers that enable cryptocurrency for travel purchases can potentially tap into a new demographic that exhibits positive and revenue generating purchasing behaviors.

An Easy Payment Solution: TripReMIT

Small and midsize travel providers can benefit by enabling cryptocurrency payments for travel products and services but implementing new payment solutions can be expensive and cumbersome. Smaller travel businesses will feel greater ...
... impacts when operational costs increase but a new payment solution from Travel Technology Solutions will enable small and midsize travel businesses the ability to securely accept cryptocurrencies, such as BITCOIN and ETHER, for travel purchases, bookings and other site fees and costs. TripReMIT is designed to work within the travel provider’s existing ecosystem and is vertically integrated into web and mobile app portals. TripReMIT technology is modular and matches brand styles and schema, for a seamless and smooth cryptocurrency payment experience. TripReMIT can be vertically integrated into websites and mobile apps or accessed through a brand specific separate payment page. TripReMIT will also support cold wallet transfers.

Real Benefits for Small and Midsize Travel Providers

Use of cryptocurrency for retail and consumer payments increases every year as more users acquire digital assets and participate in the ecosystem. Small and midsize travel providers can expand their buying demographic by enabling cryptocurrency payments for travel purchases. Adding more potential travel buyers into the mix will yield both short and long term benefits to the travel business. Travel providers can also benefit from word of mouth marketing in the tightly knit and very social cryptocurrency community. Cryptocurrency users are also known to spend more on each transaction with an outlying luxury connotation associated with assets such as BITCOIN and ETHER. From the operational side, the unified and centralized value of cryptocurrencies makes the assets truly borderless and easier to manage in the borderless travel business.

Borderless Technology for a Borderless Industry

Cryptocurrencies and especially BITCOIN, have sometimes been referred to as a global currency. Digital assets earn that label honestly with a universally accepted value and the decentralized nature of the asset. Cryptocurrencies can be acquired easily and from anywhere in the world marking them as a truly borderless asset. These features reinforce the practice of cryptocurrency use in the travel industry, another truly global business. The continued evolution of cryptocurrencies and blockchains, the technology digital assets are based on, has created more opportunities for travel businesses to accept cryptocurrency as a payment type as well as increased security and speed of transactions. A recent Phocuswire article suggested that more high net worth individuals will utilize cryptocurrency in day to day transactions and crypto users can spend up to 30% on each transaction. The travel business thrives on upselling and add on value and catering to ‘ready-to-spend’ cryptocurrency users can open up new markets and drive transactions and their individual values.

TripReMIT: Designed for the Travel Business

As digital assets, such as BITCOIN and ETHER, become more mainstream, their application and viability in the travel industry also increases. For small and midsize travel businesses, accepting cryptocurrency can not only expand the buying demographic, but can also increase the individual spend as cryptocurrency users are known to purchase more for merchants that enable these types of payments. Enabling cryptocurrency payments for travel purchases can be cumbersome and expensive, especially for smaller and midsize travel providers but payment technologies, such as TripReMIT allow travel businesses an easy and seamless payment technology that enables the provider to accept BITCOIN and ETHER payments for travel services and products. TripReMIT works alongside existing travel websites and mobile apps and incorporates brand and style schema for a seamless, all-in-one experience for the travel consumer.