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currency . An entire market is dedicated to tracking and trading cryptocurrencies . Other big players in the market are Litcoin and Ethereum .
Every cryptocurrency bases its value on something different , so each currency has a different available amount . Among the more interesting cryptocurrencies is banana coin , which bases its value on what a kilogram of bananas costs from a certain farm .
The pros and cons of each currency are the same from someone on the outside looking in , but once you ’ re
involved in the market , each currency has its own problems and positives that make which currency to invest in a personal choice .
The future of the industry
Cryptocurrencies could bring about two big changes in the travel industry to make vacationing easier for consumers .
First is using the concept of blockchaining to create inventory lists for websites and hospitality companies . Creating a chain of transactions that ’ s distributed to each hotel and booking website will prevent overbooking or misplaced reservations . This specific change would be a highly technical one that the entire industry would need to adopt .
The other , more concrete possibility is the idea of traveling without having to worry about exchange rates . Since bitcoin is decentralized , it works the same in every country , with no ATM fees or exchange rates . As more places begin to accept bitcoin as a currency , it could make traveling much less complicated and costly .
Margot Bigg wrote an interesting article for bizjournals . com that explains some of these ideas further . Visit https :// www . bizjournals . com / newyork / news / 2017 / 12 / 27 / how-cryptocurrencylike-bitcoin-could-impact-the . html .
Bitcoin creates a lot of interesting questions for the future of the travel industry and the economy as a whole .
What do you think about these potential changes ? Send an email to staff @ tstoday . com to share your opinions .
Kristina Payne is the social-media coordinator for TimeSharing Today .
Living Online is a conversation , so join in . Write to kristina @ tstoday . com or post to our Facebook and Twitter pages .
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