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What does Gate Travel signify for the encryption industry and real life?
On August 15, the globally renowned digital asset trading platform Gate announced the official launch of its new one-stop travel booking platform Gate Travel. The platform allows bookings for over 1 million hotels and 150 airlines in more than 190 countries worldwide.
Supports over 50 mainstream cryptocurrencies, travel points, bank cards, and various payment methods such as buy now, pay later. This marks a key step for cryptocurrencies from trading assets to daily consumption, as the integration of crypto technology with real life enters a new stage.
##The New Frontier of Crypto Payments: Globalization of Travel Consumption
The emergence of Gate Travel addresses a core pain point for cryptocurrency holders: how to use digital assets for real-world consumption scenarios. In the past, there were high barriers to exchanging cryptocurrencies for fiat currencies, especially when used in daily consumption scenarios.
Gate Travel supports payments with over 50 mainstream cryptocurrencies, providing users with a seamless experience. Users can earn travel points with each booking, which can be directly deducted from cash, and all Gate users can enjoy a 5% exclusive discount.
This initiative greatly lowers the threshold for users to use cryptocurrency for real-world consumption. According to data, by 2025, the global cryptocurrency market size will exceed $3 trillion, and the number of active users using digital wallets will surpass 600 million.
##Technology and experience, a dual-driven innovation model
The technical integration of Gate Travel reflects the deep connection between cryptocurrency and traditional e-commerce. Users can scroll down to the Gate Life page on the Gate App homepage, click on "Travel" to enter Gate Travel, select the hotel or flight module, input destination, date, and other information to search and filter results. After confirming the room type or flight, users fill in their information and complete the payment using cryptocurrency or fiat currency, making the booking process easy.
Behind this convenient experience are the transparency, security, and decentralization characteristics provided by blockchain technology. For high-frequency travel spending, the transparency and security of the technology significantly enhance trust.
##Industry trends resonate, cryptocurrency integrates into the mainstream
The launch of Gate Travel is not an isolated case, but a microcosm of the entire cryptocurrency industry penetrating real life. By 2025, over 40% of online retailers worldwide will accept some form of cryptocurrency payment.
The Thai government launched a pilot project called "TouristDigiPay" on August 18, allowing foreign tourists to exchange cryptocurrency for Thai Baht for daily consumption. The pilot period for the project is 18 months, with a monthly spending limit of 500,000 Baht (approximately $15,400).
Traditional payment giants like Visa are also actively embracing cryptocurrency. The Gate Crypto Card launched by Gate Group is a Visa debit card designed to simplify the process of converting cryptocurrency to fiat currency for users in the European Economic Area (EEA).
The card offers both virtual and physical card forms, compatible with Google Pay, allowing for secure and smooth transactions at any merchant that supports Visa. Users enjoy a 1% cashback on every purchase, double cashback in the first month, and up to 7% cashback when booking travel through Gate Travel.
Economy and Vision, The Future Landscape of Cryptocurrency
The integration of cryptocurrency with the real economy, especially its linkage with travel consumption, has generated significant economic effects. The Thai Finance Minister estimates that if the "TouristDigiPay" system increases per capita spending by 5,000 Thai Baht (approximately 154 USD), overall tourism expenditure will increase by at least 10%, creating approximately 175 billion Thai Baht (around 5.39 billion USD) in additional economic benefits.
The launch of Gate Travel is also an important part of Gate's ecological strategy. On August 21, Gate started the Shining Exchange "Exchange" event, during which users can initiate flash exchange transactions for as low as 0.1 dollars, enjoying a zero slippage and zero fee rapid experience.
Users who complete the tasks also have a chance to win rewards of up to 300 USDT. These activities create a synergy with Gate Travel, further enhancing user engagement and platform vitality.
##Future Outlook
The successful launch of Gate Travel is just the beginning. With the continuous maturation of cryptocurrency payment technology and the gradual development of user habits, we have reason to believe that in the future, crypto payments will permeate more everyday scenarios.
From online shopping to offline consumption, from travel bookings to utility bill payments, cryptocurrencies are quietly changing the way we handle our finances. Under the trend of financial democratization, a seamlessly connected world of digital assets and real-world consumption is rapidly taking shape before our eyes.