Destinia, a Venezuelan online travel agency, will conduct its business and accepts 'bitcoin only' as its payment method. Thanks to the free-falling economy.
See "‘SORRY, BITCOIN ONLY’: Venezuelan Travel Agency Responds to Hyperinflation" on bitcoinist.com.
Free-falling Economy Pushes Destinia to Bitcoin
Moving forward, travelers who use Destinia platform to make their travel reservations would have to pay in bitcoin. And there's not 2-ways about it.
Destinia has made the decision after witnessing the impacts of the free-falling Venezuelan economy.
Pic Credit
The head of the transport department at Destinia, Víctor Oliva said:
"Venezuelans not only have problems leaving the country but also problem paying [to leave the country] by credit card because they can only do it in local currency. Prioritizing 'bitcoin' as a payment currency can be an aid..."
Why O' Why? It's pretty straightforward in this case... Business needs hedge against hyperinflation.
Crypto-Users Rise O' Rise
The number of cryptocurrency users surged from 450 to over 85,000, since 2014, on surbitcoin.com.
Pic credit
It is a clear indication that bitcoin has gained acceptance in the country (or maybe the gov't has leave the people with no better option but to embrace bitcoin... Comparing it with their official currency, Bolivar).
Business People Has to Do What's Best for a Business
Bolivar is deemed less appealing for primary transaction use. Hence it would not come as a surprise if more companies would go 'bitcoin-only'.
Pic Credit
To end, if the gov't was doing a great job in running the economy, then why are the people turning to bitcoin? Or worse, fleeing the country... Last year alone, more than 150,000 Venezuelans have fled the country in search of a better future elsewhere.
Read more from here.
End
Knowing that no one pleases everyone and there is a flip side to every coin, including Bitcoin. Whether you agree, agree to disagree, or the opposite, do not just take my words for it, be sure to look it up.
Thank You SteemVerify