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Our blog is your go-to resource for useful travel insights, up-to-date club news, and tips to maximise your entravel membership. Discover, connect, travel - exclusively Entravel.
We've seen the travel industry stagnate as the world races ahead with technology. Hotel booking seems to be lagging a bit behind. That's where we step in.
Hey there, travellers!
If you've found your way here, you're not just an average traveller. No, you're someone who’s, eager to travel like never before. At Entravel, our mission blends the excitement of travel with the innovative edge of digital currency.
What prompted Entravel?
Did You Know? Traditional hotel booking platforms can charge hotels commission rates ranging from 15% to over 30%. This means for a hotel room priced at $200 per night, the hotel could be paying up to $60 just in commission fees. These fees contribute to higher prices for travellers, making your stays more expensive than they need to be.
We've seen the travel industry stagnate as the world races ahead with technology. Hotel booking seems to be lagging a bit behind. That's where we step in. We want to revolutionise hotel booking. We aim to be at the forefront, pioneering seamless, secure, affordable, and rewarding booking experiences.
Let us properly introduce ourselves…
From the start, we are striving to exceed the concept of mere purchase and sale. We are establishing a closed members club community of people who are equally fascinated with the idea of exploration, financial freedom, and the transformation that Entravel brings.
Our journey began with a simple question:
How can we make travel more accessible and rewarding for everyone?
From this question, Entravel was born—a platform that reimagines the travel booking experience.
While we look into the future, we are positive about the new directions that will be taken. The field of travel is following an unstoppable path of change and so are we. Entravel stands out for more than an online platform; it is actually a journey towards a world that is more deeply connected and encourages people to get out of their comfort zones and enjoy adventures.
Our goal is to enable travellers to book their trips seamlessly by providing a secure, and innovative platform for booking accommodations worldwide. We’ve all been there after entering our credit card number to confirm and pay for the insanely overpriced accommodation, which left a bittersweet feeling at the start of your journey, leaving you with buyer's remorse. But it doesn’t have to be like that.
With Entravel you’re gaining exceptional up to 70% discounted rates on 4-5 star hotels worldwide, creating travel options that are more accessible, our goal is to ensure that every booking experience is as rewarding as the destination itself.
As mentioned, at the heart of our offering lies providing our members with a unique opportunity to explore the world’s most luxurious destinations at prices that can not be matched anywhere else.
But how do we ensure our offerings remain both high-quality and affordable?
The answer is simpler and more powerful than you might expect. Because Entravel is an exclusive, closed user-group, we can provide our clients with the best hotel room prices in the world. Our unique positioning and strong relationships with hospitality providers enable us to secure outstanding deals that are not available to the general public or through other online platforms.
Through these strategies, we provide exceptional value that extends beyond cost savings. Our members trust us to deliver the most competitive travel deals, eliminating the hassle of comparing prices and avoiding hidden charges. We are transparent about our markup strategy, making sure that our members fully understand how their expenses are allocated.
Entravel is built around the idea of exclusivity and exceptional service, which is evident in our Closed Members Club. The exclusivity of our club not only fosters a sense of community and belonging among our members but also grants us access to the best hotel room prices available. Here are some of the key features that make the Club stand out:
Only those individuals who are invited by other members get an opportunity to join Entravel's exclusive club. The exclusive nature of the club creates a strong sense of community and sets Entravel apart, offering each member a special travel experience.
By joining our club, you gain access to a thriving network of fellow travel aficionados, luxury enthusiasts, and notably, crypto degens and investors. Our diverse community is enriched by influential figures, business leaders, ardent travelers, and pioneers in the cryptocurrency space, all united by their shared zest for adventure and refined experiences. This unique blend of members not only enriches our community with a variety of perspectives but also positions us at the intersection of luxury travel and innovative investment opportunities. Say goodbye to FOMO and plan your next journey with someone you come across on our platform!
Entravel adapts its offerings to meet the changing preferences and needs of our members. We are always looking for new ways to improve our services, partner with leading organisations, and establishments, and offer exceptional value. Our members' feedback shapes our decisions, ensuring that Entravel remains a leader in the luxury travel industry.
Our community wouldn't be complete without the Entravel Affiliate Program - our program provides an amazing opportunity for all our members to turn their passion for travel into a passive income. Let us walk you through how our program works:
At the heart of our Affiliate Program lies a tiered commission structure that motivates our members to spread the word about Entravel. Our commission structure was thoughtfully crafted to reward both those who directly refer others and those who cultivate a community of travel enthusiasts, with affiliates earning up to 33% of Entravel's total commission on a booking. We believe that everyone should have the chance to experience the magic of exploration, and we're thrilled to empower our affiliates to make that happen.
To add a bit of depth and enhance the richness of our Affiliate Program, our members have the opportunity to earn through second-layer referrals. This means that affiliates can earn not only from the people they introduce to Entravel, but also from the individuals referred by their direct connections. This multi-tiered strategy amplifies earning potential and fosters a community of travellers.
We hold the principle of transparency in high regard and strive to apply it across all our operations, including our Affiliate Program. Our approach to pricing our travel services for our affiliates is grounded in complete transparency. We leave no stone unturned in providing clarity on how earnings are calculated, giving our affiliates an in-depth understanding of the value of their contributions.
Entravel is proud to push the boundaries of innovation, by bringing together the thrilling world of travel and the revolutionary blockchain technology: our NFT collection, coupled with an exclusive monthly lottery program. Here's a glimpse into what we have in store for you:
Entravel NFTs represent much more than just owning rare and exceptional art pieces. While ownership of these NFTs does not grant exclusive access to our platform, as access is available to all members, they do confer special privileges within the Entravel ecosystem. Specifically, owning an Entravel NFT entitles the holder to up to 10% further discount on their bookings, enhancing the value of their travel experiences.
On a monthly basis, Entravel conducts two exclusive lottery events that are strictly for those who hold NFTs. The first event offers NFT holders the opportunity to win a prize in USDT, sourced from funds we specifically set aside from each booking made on our platform. The second lottery gives holders a chance to win a luxurious hotel stay, further enriching the travel experiences available within our community. These lotteries are our way of giving back and adding value to our NFT ownership. Essentially, owning an Entravel NFT means not only enjoying the intrinsic benefits associated with the token but also entering the owner into two distinct monthly draws, amplifying the excitement and rewards of being part of our community.
We think by now, you understand the uniqueness of our platform, so for a limited time leading up to our official launch, you can visit the Entravel website and sign up for our waitlist. This not only signifies your interest in joining our exclusive community but also guarantees you a spot in the club. It's a straightforward process: simply provide your details and await your invitation link when we launch!
As a pre-launch member, you'll gain exclusive access and shape our future. Unlike the official launch, which will introduce an invitation-only membership model, pre-launch members enjoy perks and the privilege of being the first ones on the platform.
Joining Entravel during the pre-launch phase offers several advantages:
We know this was quite a lengthy and in-depth introduction to us, but there’s a lot to Entravel, and we wanted us to become better acquainted with each other!
We invite you to join us in redefining what it means to travel luxuriously and exclusively. Entravel is not just another travel service; it's your friend who will take you on exciting adventures, help you create lasting connections, and seize once-in-a-lifetime opportunities.
Join us, and let's travel the globe together!
Earning while travelling has never been easier… Have you ever dreamed of turning your passion for travel into something profitable? We make this a reality with our one-of-a-kind affiliate program; you can earn money while exploring the world's most amazing destinations.
Earning while travelling has never been easier…
Have you ever dreamed of turning your passion for travel into something profitable?
We make this a reality with our one-of-a-kind affiliate program; you can earn money while exploring the world's most amazing destinations. This blog post will show you how we at Entravel combine incredible travel solutions with lucrative affiliate earning opportunities.
Whether you're a digital nomad searching for your next big adventure or a travel enthusiast wanting to earn from your passion, Entravel provides the tools and support you need to succeed. The process is incredibly easy - you can start earning a rewarding income stream while indulging in the luxury travel experiences you love.
Without further ado let’s jump into it.
As an affiliate, you become an important part of Entravel's expansion by simply sharing your unique referral link. When someone books a hotel through your link, you earn a significant portion of Entravel’s net commission from the booking.
The process is straightforward:
Our affiliate program is designed to maximise your earnings:
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If you want to make the most out of the Entravel Affiliate Programme, it’s important to use successful techniques that enhance the exposure and attractiveness of your referrals. Below are some methods to assist you in maximising your profits as an Entravel affiliate:
Make sure to use all your social media channels to talk about your adventures with Entravel. Share in-depth posts about your trips, along with awesome pictures or videos from your accommodations, to motivate your followers to make bookings using your referral link. Keep your audience informed about the latest hotel promotions and exclusive offers from Entravel.
Promote Entravel’s special offers, giveaways, or extra savings for your followers. This will not only benefit your audience but also enhance the appeal of your affiliate link. Exclusive promotions can greatly boost the chances of your referrals booking a trip.
We offer the option to pay for hotel bookings using cryptocurrency, which can greatly benefit your tech-savvy customers. Consider creating informative guides or videos demonstrating the process of booking with crypto, emphasising simplicity, safety and potential cost savings.
Build an email list and send out regular newsletters featuring the latest travel deals, personal travel tips, and updates about Entravel’s services. Include your affiliate link in a prominent position to make it easy for your subscribers to make bookings.
Utilise Entravel's tools to monitor the effectiveness of your referral links. Evaluating which tactics produce the most favourable outcomes can assist in honing your strategy and emphasising successful methods. Consistently examine your analytics to grasp your audience's preferences and behaviours.
To ensure the success of our affiliates, we offer a comprehensive suite of tools and support designed to enhance your marketing efforts and streamline the booking process.
Here’s an overview of the resources available to you as part of our affiliate program:
Entravel provides a wealth of promotional materials to help you effectively communicate the benefits of booking through our platform. This includes:
To help you monitor the success of your efforts and optimise your strategies, Entravel equips you with advanced tracking tools that provide insights into:
Entravel understands that continuous support is crucial for the success of any affiliate programme that's why we provide:
To further motivate and reward our affiliates, Entravel offers various incentives for outstanding performance, including:
To help clarify any uncertainties and provide detailed information about our affiliate programme, here are some frequently asked questions along with their answers:
The Entravel Affiliate Programme is currently under development and will be available soon. We are working diligently to create a seamless and rewarding experience for our future affiliates. Once the programme is live, joining will be straightforward. You will simply need to visit our website, navigate to the affiliate section, and click on the 'Become an Affiliate' button. You’ll be asked to fill out a registration form and accept the terms and conditions. Upon approval, you will receive access to your affiliate dashboard where you can start generating your referral links and begin your journey with us. Stay tuned for updates, and get ready to be part of something exciting!
No, joining the Entravel Affiliate Programme is completely free. There are no upfront costs or hidden fees. Our goal is to make it as accessible as possible for anyone interested in earning through our platform.
Entravel offers a tiered commission structure. Initially, affiliates earn 50% of our net commission on direct bookings and 25% on second-layer referrals. This rate can increase up to 66% for direct bookings and 33% for second-layer referrals as you achieve higher tiers based on the revenue generated from your referrals.
Commissions are paid out in USDT or USDC, directly to your wallet. Payments are processed on request, ensuring that you have access to your earnings whenever you need them.
Absolutely! Entravel has a global reach, allowing you to promote our platform and earn commissions on bookings worldwide. This is an excellent opportunity to tap into international markets and expand your audience.
You will have access to a comprehensive dashboard on the Entravel platform, where you can track all your referrals, bookings, and earnings. The dashboard updates in real time and provides detailed analytics to help you optimise your promotional strategies.
If a booking made through your referral link is cancelled, the commission associated with that booking will be deducted from your account. However, most bookings that proceed as planned will contribute to your earnings without issue.
Yes, Entravel provides a variety of resources to help you succeed as an affiliate. These include marketing materials, promotional content, tracking tools, and regular training sessions. Additionally, our dedicated affiliate support team is always ready to assist you with any questions or challenges you may encounter.
What sets Entravel apart is our commitment to integrating luxury travel with innovative blockchain technology, offering both traditional and crypto payment options, and providing a transparent, lucrative tiered commission structure. We also prioritise support and resources for our affiliates to ensure they can maximise their earnings effectively.
As an Entravel affiliate, you will receive comprehensive support to ensure your success. This includes access to a dedicated affiliate manager who can assist with any queries or issues you might encounter. We also provide a range of promotional materials, from banners to copy suggestions and detailed analytics to help you optimise your promotional strategies. Additionally, regular webinars and training are available to keep you informed on the latest trends and best practices.
Entravel streamlines the commission process by allowing affiliates to request their earnings transfer directly to their wallet in USDT or USDC.
Every room price consists of Entravel’s margin and the cost of the room from our supplier. When a booking is done, we split our margin into two equal parts (50/50), where one part will be Entravel’s profit, and the other part, our net commission, will go to rewarding our affiliates.
Explore the ultimate guide to travelling with cryptocurrency, covering everything from booking hotels and flights to the advantages of cashless travel.
Imagine a world where travelling with physical cash is no longer a necessity. Instead, you can effortlessly utilise cryptocurrency from any device, no matter your location.
From purchasing plane tickets and renting cars to booking hotels, digital currencies offer unparalleled convenience, especially when you're on the move. Today we will discover how we can travel with crypto. So let's get started!
Our society is swiftly transitioning towards a cashless future, rendering physical currency increasingly obsolete. Cryptocurrencies, spearheading this transformation, are progressively infiltrating various facets of our financial transactions, including travel payments.
The roster of businesses embracing Bitcoin and other crypto as a mode of payment has experienced a steady expansion in recent years. A glance at platforms like coinmap.org unveils an interactive map showcasing over 32,000 merchants and over 600 companies worldwide that welcome cryptocurrencies as of May 2024. This number continues its upward trajectory unabated, signalling the relentless march toward widespread adoption.
Now that we’ve established that travelling with crypto is feasible, let’s dive into the exciting benefits it offers. From enhanced security to financial freedom, crypto can transform your travel experience.
Privacy and Anonymity: Cryptocurrencies allow you to make transactions without revealing personal information. Unlike credit cards, which leave a trail of your spending habits, crypto transactions maintain your privacy.
Instant Transactions: Traditional banking systems often involve delays due to intermediaries, time zones, and working hours. With crypto, you can send funds instantly, especially when you’re on the move and need to settle payments promptly.
Borderless Transactions: Whether you’re in a bustling city or a remote village, your crypto wallet remains accessible. No need to worry about currency exchange rates or finding local banks.
Inflation Hedge: Some travellers use crypto as a hedge against inflation. Unlike fiat currencies, which can lose value over time, certain cryptocurrencies have a capped supply, making them potentially resistant to inflation.
No Middlemen or Banks: By eliminating intermediaries, crypto transactions reduce reliance on banks and financial institutions. You’re in control of your funds without the need for approvals or paperwork.
Earn While You Travel: Entravel’s Affiliate program can add to your crypto holdings while you explore new destinations. As an affiliate, you become an important part of our expansion by simply sharing your unique referral link. When someone books a hotel through your link, you earn a significant portion of Entravel’s net commission from the booking.
With the increasing acceptance of Bitcoin and other cryptocurrencies, let's embark on a journey funded entirely by digital currencies. From transportation to meals, and all other expenses, there are so many options available. Our destination? A weekend trip from London to Dubai, bon voyage!
Travelling with Cryptocurrency: Travelling with cryptocurrency has become more accessible, and buying flight tickets using crypto is indeed a reality. The first recorded instance of buying a plane ticket with Bitcoin dates back to 2013. An anonymous traveller booked a flight from Oslo to Helsinki using Bitcoin. Since then, the trend has grown steadily, with more airlines and travel companies accepting crypto payments. Nowadays, more than 600 global airlines accept over 100 cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Tether, for booking flights.
Booking Hotel Rooms with Cryptocurrency: Booking hotel rooms with cryptocurrency has never been easier. With Entravel you can book 1 million hotels globally at deeply discounted prices. Additionally to up to 70% cheaper hotel prices than Booking.com, travellers can refer a friend & earn up to 10% commission on all bookings.
Crypto-Friendly Dubai: Exploring Services and Attractions: Dubai is indeed a crypto-friendly city, and using cryptocurrency for various services, including renting cars and exploring attractions, is becoming more common. Several car rental companies in Dubai now accept cryptocurrency as payment. You can rent a car using Bitcoin, Ethereum, or other popular coins. Additionally, the city boasts a growing number of restaurants, cafés, and bars that accept cryptocurrency like B018, Bake N More, or CÉ LA VI. And don't forget about the tallest world's tallest building, because the Burj Khalifa does accept Bitcoin and Ethereum for payments.
Travelling with cryptocurrency has transitioned from a novel concept to a practical reality, offering unparalleled convenience and flexibility to modern adventurers. The evolution of digital currencies has revolutionised the travel industry, allowing travellers to seamlessly book flights, reserve hotel rooms, rent cars, and explore destinations using crypto. With the increasing acceptance of Bitcoin and other cryptocurrencies by airlines, hotels, restaurants, and attractions, the possibilities for cashless travel are expanding rapidly.
Q1: Can I book flights and hotels using cryptocurrency?
A: Yes! Many airlines and travel companies now accept cryptocurrency payments for booking flights, and platforms like Entravel offer the ability to book hotel rooms using digital currencies.
Q2: Is it safe to use cryptocurrency for travel transactions?
A: While no payment method is entirely risk-free, using cryptocurrency for travel transactions offers enhanced security and privacy. Cryptocurrencies use advanced encryption techniques, making them resistant to fraud and identity theft.
Q3: What types of cryptocurrencies are accepted for travel transactions?
A: A wide range of cryptocurrencies are accepted for travel transactions, including Bitcoin, Ethereum, Ripple, and Tether. Many travel companies now accept over 100 different cryptocurrencies, providing travellers with flexibility in their payment options.
Q4: Are there any additional benefits to using cryptocurrency for travel?
A: Yes, there are several additional benefits. Cryptocurrency transactions are often faster and more efficient than traditional banking systems, with no need for intermediaries or banks. Additionally, some travellers use crypto as a hedge against inflation, and programs like Entravel's Affiliate program offer opportunities to earn rewards while travelling.
Q5: What should I consider before travelling with cryptocurrency?
Before travelling with cryptocurrency, it's essential to research and understand the acceptance of digital currencies in your destination country. Additionally, ensure you have secure access to your crypto wallet and consider any potential tax implications of using cryptocurrency for travel expenses. Finally, always double-check payment details and verify the legitimacy of the platforms you're using for travel bookings.
Learn about choosing the right digital wallet, selecting the best crypto, understanding exchange rates and fees, and finding crypto-friendly destinations!
In a world that's quickly going digital, your travel experiences should keep pace. Welcome to the thrilling frontier of travelling with cryptocurrency. This isn’t just a passing trend; it’s a revolutionary way to explore the world, offering unparalleled convenience, security, and global acceptance.
As digital currency evolves, so do its applications in our daily lives, especially in travel. This guide will cover everything you need to know about using cryptocurrency to ensure your next adventure is smooth, secure, and straightforward. So let's get started!
In recent years, cryptocurrency has become a popular term in finance and technology. But what exactly is it? Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of central banks. It is decentralised and employs blockchain technology to ensure transparency and prevent fraud.
Although the concept may appear complex, it is quite straightforward. There are various types of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Each functions differently but shares the common trait of being a digital currency that can be exchanged for goods and services.
Before embarking on your travels, selecting a digital wallet to store your cryptocurrency is essential. Much like a physical wallet holds cash and credit cards, a digital wallet stores your virtual currency. There are various types of wallets, each with unique features and security measures. You can opt for a platform like Coinbase, Crypto.com, or Binance to store your cryptocurrency or choose a hardware wallet, like Ledger Nano X and Trezor Model T, for added security.
A hardware wallet is a physical device that securely stores cryptocurrencies offline. It doesn't store the cryptocurrency itself, but the private keys that allow access to the digital assets.
It's crucial to ensure your digital wallet is secure, user-friendly, and compatible with your preferred payment methods. A reliable digital wallet should also offer robust customer support and comply with all necessary regulations. Finding a digital wallet that meets these criteria is vital for a smooth travel experience with your cryptocurrency.
With your digital wallet set up, the next step is to choose the cryptocurrency you'll use for your travels. While Bitcoin is the most well-known and widely accepted, other options might better suit your specific trip.
If you're heading to a country where Ethereum is more commonly accepted, it could be a better choice. Alternatively, if you prefer faster transaction time and lower fees, Litecoin might be ideal. Research your destination to determine which cryptocurrencies are most commonly used there, allowing you to make an informed decision.
One of the major benefits of using cryptocurrency for travel is the potential to save on exchange rates and fees. Traditional currency exchange methods often involve high transaction fees and unfavourable rates, but with cryptocurrency, these costs can be significantly lower.
However, be aware that there may still be some fees when using cryptocurrency abroad. Merchants may charge a fee for accepting cryptocurrency, or your digital wallet might impose a small transaction fee. Be sure to research and account for all potential fees when planning your travel budget.
As cryptocurrency becomes more mainstream, an increasing number of businesses are accepting it as a form of payment. Did you know that over 32,000 merchants and over 600 companies worldwide welcomed cryptocurrencies as of May 2024? From cafes and restaurants to tour companies and souvenir shops, many establishments now welcome cryptocurrency transactions.
Before your trip, research the places that accept crypto payments in your destination country. This can help you plan your itinerary and ensure you have sufficient funds in your digital wallet. Utilise online platforms and directories that list crypto-friendly businesses to make your travels more convenient.
If you're still wondering if travelling with cryptocurrency is possible, check our previous article to dispel the myth.
As with any travel experience, it's prudent to have a backup plan for emergencies. In the realm of cryptocurrency, this means also having access to traditional currency. While an increasing number of establishments accept cryptocurrency, most still rely on conventional payment methods.
Always carry some cash in the local currency of your destination. This ensures you can handle unexpected expenses or situations where cryptocurrency isn't accepted.
Travelling with cryptocurrency offers a modern, secure, and convenient way to explore the world. By understanding the basics of digital currencies, choosing a reliable digital wallet, selecting the right cryptocurrency for your trip, and staying informed about exchange rates and fees, you can ensure a smooth and enjoyable travel experience. Additionally, researching locations that accept crypto payments and having a backup plan with traditional currency will prepare you for any situation that arises. Safe travels!
Q1: Why should I use cryptocurrency for travel?
A: Using cryptocurrency for travel offers several advantages, including lower transaction fees, better exchange rates, increased security, and the convenience of a global currency. Additionally, as more businesses begin to accept cryptocurrency, it provides a modern and innovative way to manage travel expenses.
Q2: How do I choose the right digital wallet for my travels?
A: When choosing a digital wallet for your travels, consider factors such as security, user-friendliness, compatibility with your preferred payment methods, customer support, and regulatory compliance. Popular options include platforms like Coinbase, Crypto.com, and Binance, as well as hardware wallets like Ledger Nano X and Trezor Model T for added security.
Q3: Which cryptocurrencies are best for travel?
A: Bitcoin is the most well-known and widely accepted cryptocurrency, but other options may be better suited for specific trips. Ethereum is often more commonly accepted in certain countries, while Litecoin offers faster transaction times and lower fees. Research your destination to determine which cryptocurrencies are most frequently used there.
Q4: Are there any fees associated with using cryptocurrency abroad?
A: While cryptocurrency can reduce exchange rates and fees compared to traditional currency exchange methods, some fees may still apply. Merchants may charge a fee for accepting cryptocurrency, and your digital wallet might impose a small transaction fee. It's important to research and account for all potential fees when planning your travel budget.
Q5: What should I do if a business doesn’t accept cryptocurrency?
A: It's always wise to have a backup plan by carrying some cash in the local currency of your destination. This ensures you can handle unexpected expenses or situations where cryptocurrency isn't accepted. Having access to traditional currency will provide peace of mind and financial flexibility during your travels.
Explore the top 5 crypto-friendly countries. From Switzerland to El Salvador, delve into the key factors shaping the landscape of crypto travel.
Cryptocurrency has spread all over the world, becoming a global phenomenon. In our previous article, we explored the essential aspects of crypto travel, providing insights into what you need to know when navigating the world with digital assets.
Now, let's take a closer look at the top 5 crypto-friendly countries. We will dive into why these nations are welcoming to cryptocurrencies, examining their tax structures and regulatory frameworks. So, let's get started!
A country is considered crypto-friendly if it has:
1. Clear Cryptocurrency Regulations: These provide legal clarity and protect investors, ensuring that the use of cryptocurrencies is well-defined and secure.
2. Favourable Tax Laws: Often, such laws treat cryptocurrencies as assets subject to capital gains taxes or even exempt them from income tax, making it financially advantageous for crypto users and investors.
3. Robust Infrastructure for Crypto Transactions: This includes a significant presence of Bitcoin ATMs and a wide range of service providers, facilitating easy and efficient crypto transactions.
4. Support for Individual Crypto Innovation: Encouraging the exploration and development of new technologies within the cryptocurrency space.
5. Open-Minded Attitude Towards Cryptocurrencies: Businesses can operate freely, fostering an environment that promotes innovation and growth within the crypto sector.
6. Strong Technological Infrastructure: This encompasses advanced blockchain technology and supportive startup communities that drive further development and integration of cryptocurrencies.
7. Government Support and Initiatives: Active promotion of blockchain innovation and efforts to attract crypto-related businesses, creating a thriving ecosystem for cryptocurrency activities.
8. Growing Cryptocurrency Market and High Adoption: A rapidly expanding market with widespread acceptance and use of cryptocurrencies among the population, indicating a favourable environment for crypto growth and adoption.
Switzerland is a leader in finance and innovation, making it a prime destination for blockchain and cryptocurrency companies. The city of Zug, known as Crypto Valley, is home to significant players like the Ethereum and Cardano Foundations.
Key reasons why Switzerland is crypto-friendly:
1. Promotion of Crypto Since 2016: Switzerland has been actively promoting cryptocurrency for financial purposes, establishing itself as a global leader.
2. Asset Classification: Cryptocurrencies are categorised as assets rather than securities.
3. Advanced Infrastructure: The country boasts an advanced financial transaction infrastructure, attracting numerous cryptocurrency companies.
Regulatory Framework:
Taxation:
BTC ATM locations: Basel, Bern, Biel/Bienne, Chur, Genève, Ipsach, Lausanne, and Locarno, with a total of 130 ATMs.
Singapore stands out as a major financial centre and leading Asian fintech hub, popular among crypto businesses and investors for its supportive regulations.
Key reasons why Singapore is crypto-friendly:
1. Clear and Flexible Regulations: Singapore provides a well-defined and adaptable regulatory framework for the cryptocurrency industry.
2. Forward-Thinking Monetary Authority: The Monetary Authority of Singapore (MAS) encourages innovation and collaboration in the crypto sector.
3. Supportive Initiatives: Programs like the Sandbox allow companies to test and develop innovative crypto solutions.
Regulatory Framework:
Taxation:
BTC ATM locations: MAS guidelines have led to a temporary pause in Bitcoin ATM services in Singapore as clarity is sought from the central bank.
Portugal is known for its positive stance on cryptocurrencies, creating a welcoming environment for users and investors alike.
Key reasons why Portugal is crypto-friendly:
1. Government Support: The government promotes cryptocurrencies and innovation.
2. Growing Crypto Community: There is an increasing number of crypto businesses and community events.
3. Ease of Residency: The process to obtain residency for crypto entrepreneurs is relatively straightforward.
Regulatory Framework:
Taxation:
BTC ATM locations: Braga, Coimbra, Faro, Funchal, Lisbon, and Porto, with a total of 11 ATMs.
Canada is recognised for its positive attitude towards cryptocurrencies, offering a well-developed ecosystem with local exchanges, startups, and vibrant communities.
Key reasons why Canada is crypto-friendly:
1. Clear and Flexible Regulations: Canada offers a relatively straightforward and adaptable regulatory framework for the crypto industry.
2. Government Support: The government actively supports crypto businesses.
3. Growing Crypto Ecosystem: Canada has an increasing number of crypto exchanges, businesses, and talent, fostering a thriving community.
4. Encouragement of Innovation: The country promotes the exploration and development of new technologies.
Regulatory Framework:
Taxation:
BTC ATM locations: Montreal, Vancouver, Ottawa, and other cities, totalling 2,944 ATMs.
El Salvador made history as the first country to recognize Bitcoin as legal tender in 2021, creating a tax haven for crypto investors and businesses seeking a favourable tax environment.
Key reasons why El Salvador is crypto-friendly:
1. Bitcoin Adoption: El Salvador aims to attract investment and spur economic growth by adopting Bitcoin as a legal tender.
2. Innovation Hub: Supporting Bitcoin is expected to attract more crypto innovation and investment, making El Salvador a centre for these technologies.
3. Remittance Efficiency: Embracing Bitcoin can improve efficiency in international remittances, which are vital for a country where they make up over 20% of the GDP.
Regulatory Framework:
Taxation:
BTC ATM locations: San Martín, San Salvador, Santa Tecla, and other cities, totalling 216 ATMs.
With their crypto-friendly regulations, favourable tax structures, and supportive environments, the countries above emerge as ideal destinations for crypto travel. Whether you're an investor, entrepreneur, or enthusiast, these countries provide an inviting environment to explore the world of digital currencies.
Q1: What factors contribute to making countries crypto-friendly?
A: Countries must exhibit clear cryptocurrency regulations, favourable tax laws, robust infrastructure for crypto transactions, support for individual crypto innovation, and an open-minded attitude towards cryptocurrencies.
Q2: Are there any other countries recognised for their crypto-friendly policies besides the ones mentioned?
A: Yes, countries like Malta, Estonia, and the United States are also recognised for their crypto-friendly policies and initiatives.
Q3: How do tax laws and regulations differ among crypto-friendly countries?
A: Tax laws and regulations vary, with some countries treating cryptocurrencies as assets subject to capital gains taxes, while others may exempt them from income tax or offer tax benefits for crypto activities.
Q4: What initiatives do governments in these countries undertake to promote crypto innovation and investment?
A: Governments in these countries actively support blockchain innovation, implement regulatory frameworks, offer tax incentives, and invest in initiatives to attract crypto-related businesses, fostering a thriving ecosystem for cryptocurrency activities.
Q5: How do these crypto-friendly countries compare in terms of cryptocurrency adoption and infrastructure development?
A: While each country has its unique approach, they all share a common goal of promoting cryptocurrency adoption and fostering the development of robust infrastructure to support crypto transactions and innovation.
Explore the world's top crypto-friendly cities. From Zug to San Salvador, discover the destinations that embrace crypto and travel opportunities.
As 2024 unfolds, the world of crypto experiences swift changes, with regulations and taxes tightening their grip. Travelers in the crypto space seek destinations that easily support digital currencies and blockchain technology.
Embark on a journey through Entravel's handpicked list of top crypto-friendly cities. Whether you're exploring the picturesque landscapes of Zug, Switzerland, or diving into the dynamic culture of Madrid, these cities offer ideal destinations for crypto-adventures.
Zug, often called "Crypto Valley," epitomises Switzerland's cryptocurrency openness. With favourable regulations and low taxes, Zug has become a global hub for over 800 crypto companies. Nestled in central Switzerland, Zug's scenic lakeside setting and proximity to the Swiss Alps make it an attractive destination for crypto enthusiasts and businesses.
Regarding taxation, Zug offers a corporate income tax rate of up to 15.1% and a Capital Gains Tax of up to 7.8%. Notably, taxes can be paid in cryptocurrency, and VAT is exempt on transactions involving native tokens like Bitcoin or Ether. Additionally, Zug provides various crypto travel possibilities, further enhancing its appeal as a crypto-friendly destination.
Singapore, known as the Republic of Singapore, has established itself as a crypto-friendly city with clear regulatory guidelines. It attracts global crypto innovation and investment by hosting about 659 crypto-related businesses, including prominent names like Binance (until 2021), Oasis Foundation, Moonbeam Foundation, and Crypto.com. It's a great crypto destination due to its regulatory stability, digital infrastructure, and business-friendly environment.
Situated in Southeast Asia, Singapore offers a tropical climate and high living standards, drawing talent from around the world to its diverse and inclusive crypto community. While facing competition from cities like Dubai and Hong Kong, Singapore maintains its prominence in crypto regulation, emphasising innovation and collaboration in fintech. Additionally, paying with crypto doesn't necessarily incur tax obligations in Singapore.
Berlin, situated in northeastern Germany, is the country's largest city and capital. It attracts global tech giants like Google and Meta alongside a vibrant crypto community. Known for community-driven events like the Berlin Blockchain Week, the city offers diverse meetups and venues for fintech enthusiasts.
With roots tracing back to Ethereum's early days and landmarks like Room 77 in Kreuzberg, Berlin boasts a robust crypto presence, hosting over 97 crypto-related projects and around 12 cryptocurrency ATMs. Benefiting from a favourable cost of living compared to other European cities, Berlin aligns with Germany's crypto tax policies, which incentivise long-term crypto holdings by taxing profits only upon conversion to fiat after a year.
San Salvador, the capital of El Salvador, has emerged as a crypto-friendly city in Central America, driven by the country's groundbreaking adoption of cryptocurrency. El Salvador made history by becoming the first nation to recognise Bitcoin as legal tender in 2021, accompanied by exemptions from Capital Gains Taxes for individuals and businesses. With 61 Bitcoin ATMs and plans for its own Bitcoin City powered by geothermal energy from the Conchagua volcano, San Salvador is at the forefront of embracing crypto.
The government's innovative approach, including initiatives to integrate Bitcoin into various aspects of daily life, has garnered international attention and positioned San Salvador as a leading hub for cryptocurrency adoption and innovation. This stance reflects not only the city's but also the country's crypto-friendly nature. If you are wondering about the top five crypto-friendly countries, check out our article here.
Madrid, renowned for its vibrant culture, rich history, and stunning architecture, is a crypto-friendly city. A recent study of cryptocurrency adoption revealed that Spaniards favour decentralised currencies, with 64% favouring them compared to 53% in the rest of Europe. Within Spain, Ethereum and Bitcoin dominate, constituting 60% of all cryptocurrency transactions, showcasing a significant embrace of digital assets within the country's financial landscape.
Exploring Madrid's crypto-friendly landscape offers travellers a unique opportunity to engage with cutting-edge financial technologies while immersing themselves in the city's vibrant culture and bustling atmosphere. By following these steps and embracing Madrid's crypto-friendly ethos, you'll embark on a memorable journey filled with culinary delights, cultural discoveries, and innovative experiences that redefine modern travel.
Expanding the scope beyond the cities previously mentioned, numerous locations globally are adopting cryptocurrency, providing favourable regulatory environments and backing for crypto enterprises. Dubai (UAE), renowned for its crypto-friendly policies, is increasingly attracting companies like Boundless Pay, Metafluence, and Singular One. Lisbon offers a blend of a high standard of living and affordable costs, appealing to remote crypto professionals.
Rovereto in Italy has long been a focal point for Bitcoin, with widespread acceptance of cryptocurrency for various goods and services. Madeira, a region in Portugal, incentivises crypto adoption by offering low taxes for businesses in the crypto sector. Ljubljana in Slovenia boasts many companies that accept crypto payments and is striving to establish itself as a "Bitcoin City," featuring a commercial complex of the same name.
Furthermore, Latin America has witnessed the rise of "Bitcoin citadels" like El Zonte in El Salvador, Praia Bitcoin Brasil in Brazil, Bitcoin Jungle in Costa Rica, and Bitcoin Lake in Guatemala. These communities, often comprising individuals with limited access to traditional banking systems, have embraced Bitcoin and cryptocurrencies as alternatives. They have developed self-sustaining economies, encouraging crypto adoption among local merchants and providing educational support.
In conclusion, our exploration of crypto-friendly cities reveals a global landscape ripe with opportunities for cryptocurrency enthusiasts and businesses. From the picturesque lakeside setting of Zug, Switzerland, to the vibrant cultural scene of Madrid, Spain, each city offers its unique blend of regulatory support, technological innovation, and community engagement. Whether you're a traveller seeking new adventures or an entrepreneur looking to establish roots in crypto, these cities provide the ideal environment to thrive and contribute to the ever-growing crypto ecosystem.
Q1: What criteria were used to select the top crypto-friendly cities featured in the article?
A: The top crypto-friendly cities were selected based on several factors, including regulatory environment, tax policies, crypto infrastructure, level of adoption, and support for crypto-related businesses.
Q2: Are there any specific regulations or tax policies that make these cities particularly attractive to crypto enthusiasts and businesses?
A: Yes, each city featured in the article has its own regulations and tax policies that contribute to its crypto-friendly status. These may include favourable regulations for crypto businesses, low or no taxes on crypto earnings, and innovative approaches to integrating cryptocurrencies into the local economy.
Q3: How do these cities compare in terms of crypto adoption and infrastructure?
A: The featured cities vary in terms of crypto adoption and infrastructure. Some have a long history of embracing cryptocurrencies and boast a robust ecosystem of crypto-related businesses and services. In contrast, others may be newer to the scene but are rapidly developing their crypto infrastructure.
Q4: Are there any notable initiatives or projects related to cryptocurrency happening in these cities?
A: Yes, each city has its own set of notable initiatives and projects related to cryptocurrency. These may include government initiatives to promote crypto adoption, the presence of major crypto companies and organisations, and community-driven events and meetups.
Q5: What travel tips or recommendations would you provide for someone looking to explore these crypto-friendly destinations?
A: Travelers looking to explore these crypto-friendly destinations should familiarise themselves with local regulations and customs regarding cryptocurrency usage. Additionally, explore the unique cultural and historical attractions that accept crypto payments. For more tips on crypto travel, read our article here.
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Explore how NFTs streamline bookings, enhance customer loyalty, and promote sustainable tourism practices, reshaping how we experience travel.
In recent years, Non-Fungible Tokens (NFTs) have emerged as transformative tools within the travel industry, revolutionising traditional practices and enhancing customer experiences.
Beyond operational efficiencies, NFTs are also driving initiatives in tourism experiences. Join us as we explore how NFTs are shaping the future of travel.
NFTs (Non-Fungible Tokens) are unique digital assets that cannot be replaced or exchanged for other assets. NFTs are built on blockchain technology and offer secure and transparent tracking and trading capabilities. They can represent various assets, including art, music, collectables, and more. In the travel industry, NFTs have the potential to revolutionise several aspects, such as booking and payment, customer loyalty, and brand building. There are several significant benefits to incorporating NFTs into the travel industry:
Utilising NFTs can change the travel experience once and for all. There are several promising applications for integrating NFTs into the travel industry, including:
Another impactful use of NFTs in travel is promoting conservation efforts. NFTs are crucial in raising awareness and funding for ecological and wildlife conservation. This initiative safeguards endangered species from poaching and extinction and supports habitat preservation. Key examples include:
These initiatives demonstrate how NFTs can significantly impact wildlife conservation within the tourism industry, fostering sustainable practices and preserving biodiversity.
In conclusion, Non-Fungible Tokens (NFTs) fundamentally reshape the travel industry by enhancing efficiency, customer engagement, and sustainability. From revolutionising ticketing systems to creating interactive travel experiences and supporting wildlife conservation efforts, NFTs are paving the way for a more innovative and responsible approach to tourism. As technology continues to evolve, its potential to transform how we travel and interact with destinations worldwide remains promising and exciting.
Q1: What are NFTs?
A: Non-fungible tokens (NFTs) are unique digital assets built on blockchain technology that represent ownership or proof of authenticity of a specific item or piece of content. Unlike cryptocurrencies like Bitcoin, each NFT is distinct and cannot be exchanged one-to-one.
Q2: How are NFTs transforming the travel sector?
A: NFTs are revolutionising the travel sector by introducing new ways to engage customers and enhance experiences. They enable streamlined booking processes, innovative customer loyalty programs, and the creation of unique digital collectables that can be traded or sold. Additionally, NFTs are used to promote conservation efforts and create immersive digital experiences for travellers.
Q3: Can NFTs be used for booking travel and accommodations?
A: Yes, NFTs can simplify the booking process by providing secure and transparent transactions. They can serve as digital tickets or proof of reservation, offering travellers a seamless way to confirm and manage their travel plans.
Q4: How do NFTs contribute to sustainable tourism?
A: NFTs contribute to sustainable tourism by supporting wildlife conservation initiatives and promoting eco-friendly practices. They can fund conservation projects, raise awareness about environmental issues, and incentivise travellers to participate in responsible tourism activities.
Q5: Are NFTs secure for storing travel-related information?
A: A: Yes, NFTs securely store travel-related information on blockchain networks, ensuring authenticity and transparency. They can store details such as itineraries, loyalty rewards, and even proof of travel experiences, offering travellers a reliable and tamper-proof record of their journeys.
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Discover how to plan a crypto travel trip to Dubai. Book flights, hotels, and attractions with cryptocurrency, and explore essential tips for a perfect getaway.
Travelling with cryptocurrency is no longer a futuristic concept; it's a reality that's gaining traction worldwide. Among the leading destinations for crypto enthusiasts is Dubai, a city known for its welcoming stance towards digital currencies.
This article aims to guide you through planning a seamless crypto travel trip to Dubai, showcasing how easy and practical it is to use cryptocurrency for various aspects of your journey. So let's get started!
Dubai, one of the seven emirates of the United Arab Emirates (UAE), is a city that has rapidly transformed into a global hub of trade, tourism, and innovation. The city's rise to prominence began in the late 20th century, driven by its strategic location and oil wealth. In recent years, Dubai has emerged as a leading player in the cryptocurrency space. The city has made significant strides in embracing blockchain technology and digital currencies, positioning itself as a crypto-friendly destination.
Dubai's government has launched several initiatives to integrate blockchain into various sectors, including real estate, finance, and transportation. The Dubai Blockchain Strategy announced in 2016, aims to make Dubai the first city fully powered by blockchain by 2025. Additionally, the city hosts numerous high-profile crypto conferences, such as the Future Blockchain Summit and the World Blockchain Summit, which draw industry leaders and innovators.
Now, let's dive into planning your crypto trip to Dubai. We'll cover everything from booking your flight to indulging in luxury shopping sprees using your digital assets:
While Dubai is a crypto-friendly city, knowing specific warnings and tips is essential to ensure a smooth travel experience.
With its forward-thinking approach to digital currencies, Dubai provides an ideal setting for a crypto travel trip. From booking flights and accommodations to spending your crypto at local attractions, Dubai offers a seamless experience for crypto enthusiasts. By planning and staying informed about the city's crypto regulations, you can enjoy a hassle-free trip, proving that crypto travelling is possible and highly rewarding. The future of travel is here, and Dubai is leading the way in making it accessible and enjoyable for all.
Q1: Can I book a flight to Dubai using cryptocurrency?
A: Yes, you can book flights to Dubai using cryptocurrency. Several airlines, including Etihad Airways, accept Bitcoin and other cryptocurrencies through various travel platforms, making it easy to purchase your tickets without converting your digital assets to fiat currency.
Q2: Are there hotels in Dubai that accept cryptocurrency for bookings?
A: Absolutely! Platforms like Entravel allow you to book a wide range of hotels in Dubai using cryptocurrency. From budget-friendly options to luxurious five-star establishments, you can enjoy the convenience of paying for your stay with digital assets.
Q3: Where can I spend cryptocurrency in Dubai?
A: Dubai offers numerous opportunities to spend your cryptocurrency. You can use crypto for car rentals, shopping at high-end malls like the Dubai Mall and the Mall of the Emirates, dining at various restaurants and cafes, and purchasing tickets for tourist attractions such as the Burj Khalifa and Dubai Aquarium.
Q4: What should I do if a place in Dubai doesn't accept cryptocurrency?
A: While many establishments in Dubai accept cryptocurrency, having a backup plan is wise. Carry a small amount of cash or a credit card in case you encounter a place that doesn't accept crypto. Additionally, you can use crypto ATMs in Dubai to convert your digital assets to local currency if needed.
Q5: What are the cryptocurrency regulations in Dubai?
A: Dubai has established a supportive regulatory framework for cryptocurrencies. The Dubai Financial Services Authority (DFSA) oversees crypto activities, ensuring transparency and security. Regulations include measures to prevent money laundering and protect consumers, making Dubai a safe and reliable destination for crypto travellers.