Decrypt’s Art, Fashion, and Entertainment Hub.
Spain is not one to be left out of the burgeoning crypto industry.
Destinia, one of the country's largest virtual travel agencies, announced last week that will now allow its customers to pay for their next trip with five additional cryptocurrencies—and not just Bitcoin.
The company now accepts Bitcoin Cash, EOS, Ethereum, Litecoin, and Dash as payment methods for any plane or train bookings, as well as hotel accommodations and travel packages.
Destinia has been a crypto-friendly business for quite a while. Back in 2014, it began accepting Bitcoin (BTC) as payment, and was one of the first businesses of its kind to enter the crypto world at the time.
For Destinia, it's all about innovation and strategy: "Destinia's philosophy is to open as many doors as we can, to have variety and payment possibilities to facilitate the traveler's experience,” Cristina Verdi, responsible for payment methods and treasury, said in statements shared by Spanish outlet Muy Pymes.
Accepting Bitcoin has been quite lucrative for Destinia. In 2018 alone, a total of 7.23 percent of its customers chose to pay with Bitcoin, according to the company.
Destinia is also looking for new partners to improve the user experience and simplify the operations carried out by its clients. "With our new partner, the user can use different wallets to finalize their purchase and also select whatever crypto they want," Verdi said, without providing further details on this partnership. "With this, we obtain a fast, simple and secure process, fundamental characteristics for the e-commerce user."
It appears that Destinia’s new mystery partner is Gocoin, a startup created in 2013 to develop payment processing solutions based on cryptocurrencies and blockchain technologies. For now, the payment option for "Bitcoin and Altcoins" is unavailable for the U.S. and English-language version of the Destinia website, though it does appear on the Spanish portal.
The crypto ecosystem in Spain has experienced sizable growth as of late. According to the Spanish news portal El País, the number of stores that sell gift cards exchangeable for cryptocurrencies has grown from 4,000 in 2018 to more than 30,000 so far this year. Coin ATM Radar ranks Spain as having the fifth-most crypto ATMs in the world.