When the coronavirus pandemic ends and isolation restrictions are lifted, that will be a priority for many of us: holiday reservations.
But here’s the problem: Many hotel rooms charge incredible rates, some travel sites act as middlemen, and add huge commissions.
Electroneum has now announced that its digital assets can be used as a payment method on LockTrip, a website that allows travelers to discover secret travel deals and save up to 60% on vacation costs.
The cryptocurrency payment company says it is constantly looking for new uses for ETN, the cryptocurrency used by millions of people around the world. Electroneum is already allowing ETN holders to charge electricity meters in this digital currency and charge their smartphones.
Given the way LockTrip allows customers to book more than 2.1 million hotels and flights from more than 1,000 airlines in 190 countries, the partnership should give the Electroneum community far more options than offered on other travel sites focused on cryptocurrencies.
“Electroneum is witnessing true ETN adoption from other blockchain and crypto projects that have seen the benefits of using our cryptocurrency both for its unique instant payment system and its large and committed community,” CEO Richard Ills told Cointelegraph “We have been growing very rapidly. Since our partnership with LockTrip, ETN has been accepted by more than 2 million companies around the world. ”
The collaboration is also good news for users of AnyTask, Electroneum’s freelance business platform, who will have a new way to use their income and enjoy a much-needed work-life vacation.
According to Electroneum, using cryptocurrency to book vacations could open up benefits that many of us might not even think of.
First, there are questions about fees that credit and debit card providers charge. The platform claims that ETN transactions are much cheaper than Visa and Mastercard, which means vacationers have a larger budget for beach cocktails. Cryptocurrencies can also help consumers avoid penalties on exchange rates when paying for orders denominated in fiat currencies other than their own.
In many cases, cryptocurrency payments can be made by scanning a QR code – this can be safer than entering credit or debit card details manually. Some LockTrip users even claimed that they were able to protect hotel rooms that were sold elsewhere.
More information from the electron here
Electroneum claims to be the first crypto operator to work directly with LockTrip. ETN will now be offered as a payment method alongside other cryptocurrencies, including Bitcoin, Litecoin, and Ethereum.
To provide a concrete example of how LockTrip compares to paper brands, the Electroneum team has done some research. They found that using cryptocurrency instead of a debit card to book 14 nights in an airport hotel would save about $ 15 – and better yet, the advertised price per stay from LockTrip was $ 52 lower than Hotels.com and Skyscanner at checkout. cryptocurrency and $ 38 less if you pay by debit or credit card.
Too good to be true?
Some might wonder how LockTrip has managed to offer such competitive discounts, given the old adage that it is not a free lunch. But the travel platform is transparent in its approach – and says it works directly with major suppliers to offer the best deals, and is pursuing an organic growth approach, rather than relying on expensive marketing budgets.
“We don’t pay sales by simply leaving a room or making specials for our non-premium members. We believe that respect starts with honesty,” LockTrip said.
The company also allows clients and property owners to communicate directly with each other. Given how popular sites like Airbnb and Booking.com can command up to 30% commission from accommodation providers, this approach can provide travelers with savings while providing healthy business returns.