German National Tourist Board Now Accepting Cryptocurrencies as Payment for Services
Beginning March 5th, 2018, the German National Tourist Board, headquartered in Frankfurt, is accepting payment in cryptocurrencies like Bitcoin for services, as a response to their interest in using the blockchain technology supporting cryptocurrencies in the German and international markets.
Primarily financed by the German National Ministry of Economy & Technology, the GNTB functions to promote tourism in Germany, developing products and strategies to establish a positive image of the country.
According to the chair of the GNTB, Petra Hedorfer, recent trends in technology are constantly under review, as well as their application to the organization. Attempting to be an innovative international company, driving the tourism industry, the choice has been made to execute blockchain and cryptocurrencies as part of the Board's digitization strategy.
Providing speed and extra security for transactions, the acceptance of cryptocurrencies (on their respective blockchains) may offer financial savings for global transactions, in addition to the transparency thereof.
Following the 500-year mark of the Reformation (recognized in 2017), upcoming events in Germany include the European Athletics Championships in Berlin this August, 100 years of the Bauhaus in 2019, and, in 2020, a 250th birthday of Ludwig van Beethoven.
How and Where Cryptocurrencies Might Be Used in German Travel
History abounds throughout Germany, and Europe as a whole, making travel an instruction; paying for the adventures with recent advances in biotech is the (proverbial) cherry on top.
Greatly inspired by the characters and music of Richard Wagner's operas, the castle was built as a private sanctuary from the public eye. It's now home to almost 1.5 million tourists every year.
A UNESCO World Heritage Site since 2000, due to its Benedictine Abby, Reichenau Island invites visitors 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 temples that are abundant, operating as the top theme park in Germany, the biggest theme park among German-speaking nations.
The world's first crypto-friendly airport in Australia, together with Japanese Peach Aviation's plans to integrate cryptocurrency payments during 2018, are evidence that the GNTB is heading in the right direction, accepting Bitcoin (among other cryptocurrencies) as payment for travel/tourism-related services.