Will Gen Z & Beyond Drive Crypto Acceptance for Travel?
Gen Z and the next generations are all digital natives. They have digital identities and transact in this way, so it only makes sense that they’ll adopt cryptocurrency. So, what does this look like in practice and in the realm of travel?
Luke Kim, Head of Marketing at Dtravel, a blockchain technology home sharing network, offered his insights on the topic. Dtravel has a focus on using blockchain to build trust in the space, where others have failed.
“Gen Z and beyond find it awkward to carry cash but not use cards or crypto. They also aren’t interested in traditional finance but want to use Robinhood or Coinbase,” Kim said.
This shift in financial behaviors is a result of wanting more financial freedom, which crypto can bring. “They’ll popularize crypto by transacting with tokens to avoid intermediaries and use them for investing, request them for payment, and pay others with it.”
Once younger generations will be more comfortable using crypto, they will want to use it for travel, as well. This group of the population is more likely to see the world than those before them because it’s more accessible. Crypto could be a gateway to save up for trips and then use it as the currency to purchase.
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