The most prominent cryptocurrency Bitcoin is gradually gaining more mainstream adoption in many nations. Recently, the German National Tourist Board (GNTB) has made Bitcoin and other cryptocurrencies a legal tender in the tourism industry.
The German National Board, an organization focused on leading the revolution in the tourism ecosystem is poised to be a force to reckon with in the blockchain and crypto space. The organization firmly believes in the capabilities of the distributed ledger technology. Therefore, it is wasting no time in integrating the disruptive innovation into its processes in a bid revolutionize the tourism sector.
According to the Chief Executive Officer of the German National Tourist Board, Petra Hedorfer, “we want to be a global innovation driver in the tourism industry. In the course of our digitization strategy, we are constantly reviewing the latest technology and trends their applicability in our company.”
“With the acceptance of cryptocurrencies as a means of payment and the possible medium-term implementation of the blockchain, we want to use technology in our finance as a global company to set a sign as an innovation driver and driver of the tourism industry,” he added.
The German National Tourist Board, which is present in 32 countries, has made it clear to all that it is determined to strategically position Germany as a diverse and attractive travel destination as well as a critical player in the business world.
Two months ago, the German Ministry of Finance released a report detailing how transactions involving Bitcoin would be taxed. The report stated that “The use of Bitcoin shall be equated with the use of conventional payment instruments, insofar as they serve no purpose other than that of a pure payment instrument.”