German National Tourist Board To Accept Cryptocurrencies as Payment

Soon after the news of United Colors of Benetton in Lithuania started to accept Cryptocurrency Payments via CopPay, now the German National Tourist Board (GNTB), which has its headquarters in Frankfurt, is accepting payment in cryptocurrencies like Bitcoin for services. This in done in order to restore the interest via utilizing the blockchain technology supporting cryptocurrencies in the German and international markets.

The GNTB, is primarily financed by the German National Ministry of Economy & Technology, helps to promote tourism within Germany, developing products and strategies to establish a good will for the country. The organization has thirty-two representative offices all around the world.

Petra Hedorfer, the chair of the GNTB, told that the recent trends in technologies are constantly under review, as well as their application for the organization. The choice was made in order to strive to be an innovative global company, driving the tourism industry as well as to implement blockchain and cryptocurrencies as part of the Board’s digitization strategy.

This would be then strengthened with speed, security and transparency, something that is otherwise is the issue amongst the cryptocurrency world.

Also Read: Retail Giant Newegg Accepts Bitcoin Payments

Using Cryptocurrencies in German Travel

Germany is one of the best hubs of tourists in Europe. The country has enormous number of tourists visiting the country throughout the year, with that, payments always remains an issue.

Talking of the tourists places in Germany, The Bavarian Neuschwanstein Castle is a fairytale in the making, begun in 1886, and not yet perfected by the time of King Ludwig II’s death in 1886. Greatly inspired by the music and characters of Richard Wagner’s operas, the castle was build as a private sanctuary from the public eye. It’s now home to nearly 1.5 million tourists each year.

A UNESCO World Heritage Site since 2000, due to its Benedictine Abby, Reichenau Island invites guests to the German border with Austria and Switzerland, on Lake Constance.

Meanwhile, Europa-Park provides a year-round modern break from the antiquity of the abundant castles, operating as the top theme park in Germany, the largest theme park among German-speaking countries.

The world’s first crypto-friendly airport in Australia, along with Japanese Peach Aviation’s plans to incorporate cryptocurrency payments throughout 2018, are proof that the GNTB is heading in the right direction, accepting Bitcoin (among other cryptocurrencies) as payment for travel/tourism-related services.