Binance, one of the world’s leading crypto exchanges, has launched an inaugural crypto-sponsored vacation called crypto tourism aimed at illustrating simple, safe, and efficient travel on Web 3.0.

According to the announcement:

“To demonstrate what is possible when you forgo traditional currency and travel the world exclusively using crypto, Binance has partnered with leading travel influencers Lauren Bullen and Jack Morris.”

Binance’s campaign intends to show that crypto-backed travel is no longer complicated while exploring the world. Shortlisted participants will have the opportunity to walk away with $50,000 worth of Binance Coin (BNB).

Furthermore, it seeks to renew the travel industry as it continues to rise to the challenges, such as geopolitical conflict, market volatility and the Covid-19 pandemic.

James Rothwell, Global Vice President of Marketing at Binance, noted:

“Crypto tourism makes global travel easier and safer for everyone. It is also an economical option, as there are no fees, full transparency of transactions, and no country-to-country exchange rate issues.”

He added:

“The ease of using crypto on the go is a testament to the incredible widespread global adoption we are beginning to see.”

Crypto travel is looking to offer a whole new experience when it comes to traversing the world, especially for people who like to explore, according to Bullen.

Meanwhile, Thailand considered opening up crypto payments for Russian and Ukrainian tourists as international sanctions continued earlier this year. This was after Visa and Mastercard suspended Russian credit cards, Blockchain.News reported.

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