Decrypt’s Art, Fashion, and Entertainment Hub.
The Litecoin Foundation is teaming up with TravelbyBit, a cryptocurrency travel booking platform, making it possible to pay with Litecoin for more than one million flights and hotels worldwide.
TravelbyBit will also be the official travel partner for the Litecoin Summit taking place October 28-29th in Las Vegas.
Speaking of the news in a press release, Charlie Lee, creator of Litecoin and managing director of the Litecoin Foundation, said that the partnership “shows the tremendous benefit of adopting not just Litecoin payments, but cryptocurrency payments in general.”
Caleb Yeoh, CEO of TravelbyBit, agreed, stating that this makes it “easy and accessible” for everyone to join the movement, which is necessary for furthering the adoption of cryptocurrency.
This, however, isn’t the first time that TravelbyBit has made use of Litecoin. Back in early 2018, the travel booking platform signed a deal with Australia’s Brisbane airport to start accepting Bitcoin, Ethereum, Litecoin, Dash, and Steem.
By doing so, it permitted travelers to use crypto to pay for things such as food, drinks, souvenirs, and travel essentials in both the domestic and international terminals.
With Litecoin now readily available for more than one million flights and hotels around the world – and faster transaction speeds and lower fees compared to Bitcoin – this partnership with TravelbyBit may help push Litecoin further toward its mainstream adoption goal.