The world of digital currencies is tremendously expanding. The pandemic has widened the scope and power that the internet possesses. Gone are the days when it was hard to imagine digital assets to carry value in the real world.
With technological advancement and better awareness, cryptocurrencies widely make their place in the FinTech world.
No wonder when looking at the rise of cryptocurrencies, people say “history is in the making”. When the concept of money was introduced, it was defined as “legal tender”. Something which is issued by the federal banks.
However, the concept of cryptocurrencies is completely different. Cryptocurrencies are coins generated through blockchain, owned by individuals without any interference from central banks. Thus, it’s a more liberalised form of the trading system. Of course, there are cons of the same as well.
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Nevertheless, a great advancement has recently taken place, capturing all the news headlines! Ariva, launched by Ariva Co, is a cryptocurrency made to be used in global and local travel and tourism network. It has partnered with the World Tourism Forum Institute and Global Tourism Forum.
Ariva’s milestone partnership with World Tourism Forum Institute (WTFI) and Global Tourism Forum (GTF)
The next generation blockchain protocol has made a partnership with WTFI and GTF. The partnership would help Ariva become the leading blockchain service provider in the global tourism industry. Through this partnership, the WTFI would fund Ariva’s ecosystem to bridge the gap between the blockchain protocol and the world tourism market.
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Ariva plans on changing the future of the tourism industry by adjoining it with the crypto world. Once the software is completed, people would be able to convert their fiat money and other cryptocurrencies into ARV and also use it as a credit card and POS machine system.
Source: © Cammeraydave | Megapixl.com
There are a lot of complexities involved when it comes to international tourism. People face trouble in exchanging their currencies, etc. Thus, such loopholes can easily be rectified through cryptocurrency.
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Conclusively, we are finally getting into the age of the new-generation payment gateways based on blockchain technology. Suppose Ariva and similar blockchain protocols become successful in the world tourism industry. In that case, the industry will undergo a significant transformation, free from all the loopholes and complexities, which were followed by the conventional system of money and trade.
SOURCE: KALKINE MEDIA
