Bitcoin is a decentralized digital currency that has rapidly risen to prominence since its inception in 2009. Recognised as an innovative payment method that provides efficient, transparent and secure transactions, Bitcoin pioneered blockchain technology, which forms the foundation of its network. Today, Bitcoin is the most popular digital currency in the world, accounting for more than half of the total digital currency market in terms of market capitalization.
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Bitcoin was created with the view of establishing a peer-to-peer, censorship-resistant global financial network. As a distributed system with no single point of failure, Bitcoin is grounded in the principles of decentralization that promote the freedom of money through the circumvention of intermediaries.
Founded by the pseudonymous Satoshi Nakamoto, the Bitcoin protocol is maintained in a decentralized fashion by developers and contributors throughout the world. Though attempts have been made at uncovering the identity of the creator(s) of Bitcoin, Satoshi Nakamoto’s true identity remains unknown.
As the world’s dominant digital currency, BTC has myriad use cases. Among these use cases is the ability to book over 3,000,000 travel products on Travala.com, including hotels, homes, flights, and activities. With accommodation in over 230 countries and territories, 600+ airlines, and more than 400,000 activities, Travala.com’s selection provides travellers with extensive choice when booking with BTC.
Travala.com’s intuitive booking experience is designed to be familiar and simple to navigate. Travellers simply choose their desired travel product(s), enter their details, and select from the variety of available payment options, including traditional credit and debit cards, BTC, and 40+ other cryptocurrencies.
Travellers are not only spoilt for choice — they’re also rewarded for bookings. All accommodation bookings made with BTC receive a 2% giveback in AVA, Travala.com’s native cryptocurrency.
Spend and shop with BTC at over 60 million Visa merchants worldwide through our partner, Binance. Simply create an account on Binance.com and use the digital or physical Swipe Visa Debit Card to purchase goods and services at merchants that accept Visa.
Though direct purchases with BTC may not yet be commonplace, the established gift card market presents a practical solution to this problem. A number of companies — such as Gyft, purse.io, and eGifter — enable anyone to exchange BTC for Amazon gift cards, Apple gift cards, eBay gift cards, and more.
In today’s digital age, protecting internet privacy is crucial due to the sheer amount of time spent online. VPNs are great tools that can be used to protect personal information, encrypt data, and provide access to geoblocked content. Many VPN providers allow customers to purchase VPNs with BTC, including ExpressVPN, PureVPN, and NordVPN.
For a number of years, Microsoft has allowed its users to top up their Microsoft Store accounts with BTC. The balance can be used to purchase digital goods such as apps, games, movies, and music.
Thousands of merchants around the world accept BTC via their own BTC wallets or through various payment processors. Services such as Coinmap.org help connect users with merchants by providing a directory of BTC-friendly merchants. Be sure to check with the store whether BTC is accepted, as some listings may not be up to date.
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select BTC.
Click Complete Reservation. In your BTC wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact BTC amount is entered and send the payment.
Click Payment sent. Your transaction will be processed and you will receive a confirmation email once your voucher or e-ticket is available.
Store your BTC securely with the following wallets:
As with other currencies throughout the centuries (gold, silver, paper money), BTC has value because it has the characteristics of money: durability, portability, fungibility, scarcity, divisibility, and recognizability. Unlike previous forms of money, however, Bitcoin relies on mathematics rather than central authorities or physical objects. In short, BTC has value because people are willing to accept BTC as payment.