Articles tagged “crypto”

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

Jesse Westbrook, Bloomberg

If the Facebook-inspired Libra cryptocurrency were ever to be one of the solutions travel and other companies might deploy to resolve global payment issues, they might want to fire up alternative currency solutions. Libra is all but dead, gone, and buried.

9 months ago

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Dennis Schaal, Skift

Cryptocurrency is only in its early days, but already it's easy to see how its mission to democratize the financial system might be co-opted. And do currency reformers really need Facebook, with all of its baggage, leading this Libra effort?

1 year ago

Venezuela Passports Can Only Be Purchased With Cryptocurrency

Venezuela Passports Can Only Be Purchased With Cryptocurrency

Fabiola Zerpa, Bloomberg

Paying with cryptocurrency or not, the price of a Venezuela passport is beyond the means of most of its people. And many would assuredly leave if they could.

2 years ago

Travel Brands Turn to Risky Payments From the Crypto-Wealthy

Travel Brands Turn to Risky Payments From the Crypto-Wealthy

Patrick Whyte, Skift

The bitcoin bubble may have burst — at least temporarily — but there are still plenty of people sitting on sizable gains. The risk for any company accepting payment in cryptocurrencies is their volatility, which tells you that it is probably more about public relations than profits at this stage.

2 years ago

Is the Crypto-Luxury Travel Market Worth the Risk?

Is the Crypto-Luxury Travel Market Worth the Risk?

Samantha Shankman, Skift

Bitcoin's growth has made a lot of people very wealthy, and more companies are looking at tapping into what could be a lucrative market. The problem, though, is the unpredictable nature of cryptocurrency markets means accepting these virtual currencies comes with considerable risk.

2 years ago