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Luxury travel industry expands virtual asset payments… targeting Bitcoin-rich

Source
Uk Jin
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  • Reported that virtual asset payments are spreading in the luxury travel industry.
  • Announced that various providers such as charter jet companies, cruise lines, and luxury hotel chains support payments in virtual assets such as Bitcoin.
  • The outlet pointed out that Bitcoin payments have become a 'status symbol', but also raised concerns about potential losses due to Bitcoin price volatility.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Recently, it has emerged that the luxury travel industry is introducing payment methods that use virtual assets (cryptocurrencies), targeting wealthy virtual asset (cryptocurrency) investors.

On the 1st (Korean time), virtual asset specialist media CoinDesk reported, citing the Financial Times, that private jet operators, cruise companies, boutique hotels and other luxury travel industry players are adopting virtual asset payments.

So far, companies that have adopted virtual asset payments include charter jet company FXAIR, cruise companies Virgin Voyages and SeaDream Yacht Club, and luxury hotel chain Kessler Collection.

As global luxury travel became fashionable among young entrepreneurs with strong financial resources, it is analyzed that virtual asset payments were introduced to target them.

The outlet said, "Such Bitcoin payments act as a kind of 'status symbol'" and evaluated, "In past virtual asset bull markets, buying Lamborghinis and luxury watches with Bitcoin (BTC) was fashionable, but this time travel products are emerging as a means of display."

However, questions were raised about financial viability. The outlet explained, "Because the price of Bitcoin could change in the future, using Bitcoin now to pay for travel products could potentially lead to losses."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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