A report from Binance Pay and Travala reveals that travelers using cryptocurrency for bookings spend significantly more than those using fiat, topping $80 million in crypto bookings in 2024. The average transaction value for crypto users stands at $1,211, more than double the $469 spent by fiat users. Additionally, crypto travelers demonstrate higher loyalty, being three times more valuable across their lifetime due to longer stays and a greater likelihood of repeat bookings. Factors impacting this trend include the flexible lifestyles of many crypto users, who often work remotely and prefer seamless payment options while traveling. The report notes that airlines accepting digital currencies have seen a 40% increase in bookings, with travel and hospitality making up 14% of all crypto transactions in 2024. Crypto payment platforms like Binance Pay provide advantages such as avoiding currency exchange and instant payments, which appeal to travelers. The growing interest in using crypto for payments is evident among the 65% of crypto owners who express a desire to utilize it for transactions.

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