Much has been made of Bitcoin’s impact, including its use for travel. Money exchange and bank fees make traditional currencies a headache, but the cryptocurrency’s peer-to-peer structure make it a potential alternative for travelers.
Keep in mind Bitcoin is still a volatile currency, and if you’re somehow a victim of fraud, you won’t be able to bring a case to anyone. That being said, if you’re not investing a large amount of money and have enough in back-up funds, Bitcoin travel is increasingly viable with the growing number of business like Expedia and CheapAir that are accepting the new currency.
You will, for the most part, want to convert to the local form of cash. Most ATMs around the world charge a fee and a percentage much higher than Bitcoin. More and more ATMs for exchanging the cryptocurrency are popping up around the world, especially in countries like Greece and Venezuela that have been experiencing rapid inflation. Websites like localbitcoin.com offer the opportunity to trade with local Bitcoin merchants.
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