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[Yanolja Research Insights] Vol. 25 The Rise of Cryptocurrency and the Potential for Changes in Payment Methods

The Future of Travel Payments: How Cryptocurrency is Changing the Game

The digital revolution is transforming every corner of the global economy—and the world of travel payments is no exception. Here’s a look at the key trends and innovations shaping the way we pay when we travel, and why this matters for businesses and travelers alike.


Digital Assets Go Mainstream

  • Cryptocurrency is evolving from a speculative asset to a legitimate means of payment, especially following recent policy shifts in major economies.
  • Market growth is explosive: As of early 2025, the total market capitalization of cryptocurrencies reached around $3.5 trillion, with Bitcoin and Ethereum leading the way.
  • Stablecoins—digital currencies pegged to traditional money like the US dollar—are emerging as practical tools for everyday payments, especially for international transactions.


Why Stablecoins Matter for Travelers

  • Borderless Payments: Stablecoins can be used internationally without the hassle of currency conversion, making travel payments seamless.
  • Lower Fees: Blockchain-based transactions often come with fees under 0.1%, far cheaper than traditional credit cards.
  • Real-Time Settlement: Payments and remittances are processed in minutes, not days.
  • Enhanced Security: Transparent, on-chain records and improved security measures have kept fraud rates low.


Global Momentum: Policy and Adoption

  • US Policy Shift: Recent executive actions have elevated cryptocurrency to a strategic national asset, with new regulatory frameworks for stablecoins on the horizon.
  • International Examples:
    • Japan: Local tourism projects use blockchain-based digital currencies and NFTs to enhance visitor experiences.
    • Dubai: Nearly 40% of luxury hotels and malls accept crypto payments, and real-time cross-border remittance services are expanding.
    • European Union: Luxury retailers and duty-free shops now accept Bitcoin and stablecoins, supported by new regulatory frameworks.
    • Thailand: NFT-based tourism incentives are attracting tech-savvy travelers.


Opportunities and Challenges

  • Opportunities:
    • Stablecoins could soon account for up to 20% of the $1 trillion global remittance market.
    • Travel providers can cut costs, boost efficiency, and attract new customers by embracing digital payments.


  • Challenges:
    • Regulatory uncertainty, price volatility, and uneven infrastructure remain hurdles.
    • Not all countries are moving at the same pace—some see crypto as a risk, while others see an opportunity.


What’s Next?

The integration of cryptocurrency into travel payments is accelerating, driven by both policy and technology. As stablecoins become more widely accepted, travelers can look forward to faster, cheaper, and more secure payment options. However, widespread adoption will depend on clear regulations, robust technology, and user-friendly solutions.


Want to dive deeper into the future of travel payments and digital currencies? Visit our official website for the full story and expert insights.

Yanolja Research Insights Vol.25

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Location: Seoul, South Korea

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