Travelers Using Crypto Spend 3x More and Stay Longer – What’s Their Secret?

Imagine jetting off to Bali with your crypto stash while your friends are stuck figuring out how to convert their dollars. According to a report from Binance Pay and Travala, crypto travelers are not just globe-trotting; they’re spending like there’s no tomorrow—more than double what the average fiat user is dropping on vacations. 💸🌎

In 2024, bookings made with cryptocurrency on Travala hit $80 million—up from a measly $45 million last year. Yeah, you read that right. Crypto travelers are also outspending the fiat folks with an average booking value of $1,211 per trip, which is more than 2.5 times what cash users are shelling out ($469). Talk about travel first class. ✈️💰

And it gets better—or worse, depending on your perspective. Crypto users are apparently worth three times as much over their lifetime because they tend to stay longer and come back more often. They’re 57% more likely to book a hotel repeat—probably because they’re on some kind of crypto-fueled happiness binge.

Juan Otero, CEO of Travala, attributes this newfound wanderlust to, and I quote, “the flexible nature of Web3 jobs.” Basically, if you work in crypto or remote jobs, you’re probably planning your next getaway while still trying to find your passport. Many also work in the digital asset industry or have flexible, remote work lifestyles, which makes them more likely to travel frequently and stay in one place for longer while seeking out destinations that support seamless, global payments,” he says, as if that explains the entire phenomenon.

Crypto isn’t just for beach resorts anymore; it’s infiltrating the entire travel industry. Airlines that have adopted digital currencies are seeing a 40% uptick in bookings, and nearly 14% of all crypto transactions in 2024 are within travel and hospitality—probably because people are too busy planning their next trip to bother with currency exchange lines. 🎟️🛫

According to Jonathan Lim from Binance Pay, the real perk of crypto travel is its borderless, universal utility: “Travelers can skip currency exchange lines, dodge foreign transaction fees, and pay instantly using assets they already hold.” Because nothing says ‘adventure’ like avoiding fees and waiting for transactions to clear—oh wait, do they still do that? Sorry, got distracted. 😅

Crypto owners are proliferating faster than bad traveling selfies; their ownership grows at a mind-blowing 99% annually. Of those, 65% want to use their crypto for payments—probably because they’re convinced Bitcoin will someday pay for their entire trip, from airplane tickets to luggage fees. 👜✈️

Founded in 2017, Travala is basically the OG of crypto travel platforms—allowing users to pay with 141 different cryptocurrencies including Bitcoin (BTC) and USDC via Binance Pay. So, yes, you can book a flight and pay with something that’s probably worth more than your car.

Crypto Payments Are Expanding Faster Than Your Phone’s Update Schedule

Remember Bitcoin Pizza Day? The first real-world Bitcoin transaction 15 years ago—10,000 BTC for two pizzas. We’ve come a long way since then; now crypto payments are accepted in luxury retail brands like Gucci, Franck Muller, and even high-end car dealerships—because nothing says ‘I’m rich’ like paying for a Lamborghini with digital gold. 🚗💎

Recently, even fast-food chains are jumping on the crypto bandwagon. On May 16, Steak’n Shake announced they’d take Bitcoin. But beware: a $5 burger might cost you over $8 after network fees and waiting 20 minutes for confirmation because apparently, crypto transactions love to take their sweet time. 🍔⏳

Thankfully, Binance Pay promises instant transactions—no long waits, no fees, just quick payments backed by blockchain magic. Lim explains it like this: “Binance Pay operates as an offchain, closed-loop payment solution within the Binance ecosystem.” Basically, because waiting isn’t fun. 🕒✨

Most crypto travel payments still prefer stablecoins like USDT or USDC, which get converted into cash at checkout—probably because nobody wants their trip budget to vanish into digital thin air.

Read More

• Vampire’s Fall 2 redeem codes and how to use them (June 2025)

• Clash Royale Best Boss Bandit Champion decks

• OG and NRG clash at the CS2 BLAST Austin Major 2025 for a St. 2 spot

• CS2 Falcons at Stage 2 of BLAST Austin Major 2025: Mission to survive

• BLG vs SEN: VALORANT Masters Toronto results and match recap

• Simply powerful! FaZe are about to crash their way to Stage 3 of CS2 BLAST Austin Major 2025

• Rushing to play big names! Two teams advance early to St. 2 of BLAST Austin Major 2025

• Sentinels vs Wolves: VALORANT Masters Toronto match results and recap

• T1 vs KT and HLE — Two must-win matches for T1 to qualify for MSI

• TH vs WOL. The first goodbyes at VALORANT Masters Toronto

2025-05-22 13:25