Custom Travel Solutions (CTS), the software-as-a-service private-label platform for closed-user groups such as membership organisations and loyalty programmes to sell travel, recognises the growing demand for cryptocurrency payments in the travel sector.
As cryptocurrency valuations soar, many consumers increasingly want to spend their digital coins on travel. In response to this trend, CTS is opening its platform to over 1,000 cryptocurrencies, including the most popular coins, allowing members to book holidays, work trips and vacations with a simple, cost-effective payment solution. With this step, CTS is becoming one of the first in the travel subscription industry to fully embrace Web3 technologies and offer customers the ability to pay using cryptocurrency. Cryptocurrency offers multiple benefits to both consumers and the travel trade. Eliminating intermediaries like banks significantly reduces fees, streamlines transactions, and ensures faster processing for instant booking confirmations, even at the last minute. Moreover, crypto payment options offer increased financial security, transparency, and privacy thanks to blockchain technology, which safeguards financial data and mitigates fraud risks.