Caribbean Travel Embraces Cryptocurrencies | TravelPulse

Cryptocurrency’s adaptability to clandestine and sometimes criminal transactions has cast a layer of suspicion over Internet-driven digital currencies transactions. Some analysts describe the technology behind Internet-based currencies as “immature.”

Yet even once-skeptical observers now say cryptocurriences, backed by blockchain technology, electronic architecture supporters say ensures its users’ security as well as anonymity, can also aid travel suppliers by reducing global payment transaction times from weeks to hours.

Meanwhile Caribbean governments, along with regional public and private sector organizations, are exploring cryptocurrencies like Bitcoin in large part to address the region’s laggard economic growth and high debt levels, and dwindling access to U.S. banks.


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