The Brexit is making a lot of media headlines, albeit most of the news is put in a negative spotlight. For people who are looking to travel to the UK, this turmoil presents an excellent opportunity. With the Pound Sterling losing value against the USD and EUR, it becomes a lot cheaper to travel to the United Kingdom. Bitcoin users can reap the benefits from this situation as well.
Discounted UK Travel And Expenses
Although UK residents may not be too happy about the outcome of the Brexit right now, the result is doing wonders for the UK travel industry. With prices of flights, hotels, and sightseeing attractions dropping, more people are looking to make a trip to the UK in the future. Additionally, as the Pound Sterling loses value against both the Euro and US Dollar, foreign currency exchange rates are favoring tourists as well.
To put these numbers into perspective a bit, hotel prices are dropping by quite a margin. Even though the GBP prices remain virtually unchanged, the conversion rates make a huge difference. Similar gains are noted when dealing with transportation, going out for dinner, or planning other paid activities.
For the time being, it remains to be seen if the Pound Sterling will continue to lose value against other major currencies. As traveling to the UK becomes cheaper, more tourist may consider making the trip. The travel industry may be in a position to help the United Kingdom through these difficult times.
The Brexit Benefits Bitcoin Tourists
Bitcoin enthusiasts stand to gain a lot from the Brexit as well. As the overall pricing becomes cheaper for travel and accommodation, booking a hotel or flight with Bitcoin becomes cheaper as well. But there is more, as several places throughout the region accept Bitcoin payments directly.
Ordering food online while residing in the UK, for example, can be done with Bitcoin. Takeaway.com has a collection of over 7,500 restaurants through the United Kingdom. Payments can be made in Bitcoin through the website, and the company will convert it to local currency for the restaurant.
Traveling to the United Kingdom without visiting a pub would not be a real journey. One of the most famous places in the UK to accept Bitcoin is London’s Pembury Tavern. It is worth noting the three sister taverns – located in Norwich, Peterborough, and Cambridge – also accept Bitcoin payments.
For the more adventurous types among the Bitcoin community, FreeRein is a company worth checking out. The company, based in Hereford, accepts Bitcoin payments for horseback holiday packages. Even services which do not accept Bitcoin payments directly can be paid for with cryptocurrency, as long as one has a Bitcoin Debit Card at their disposal.
Getting to the UK with Bitcoin is easy as well. Companies including CheapAir, BTCTrip, and Destinia all accept Bitcoin payments for flights, hotels, and even car rental services. With the declining Pound Sterling value, international cryptocurrency users have to spend less Bitcoin to get the most bang for the buck.
Source: CNN Money
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