The German National Tourism Board is accepting “Bitcoin” payments for the tourism services, which can increase the tourism revenue.
The organization promotes German travel destinations with offices in 32 countries around the world. The German National Tourism Board also proposes to execute blockchain technologies in its finances.
The tourism services offered by the German National Tourism Board (GNTB) can now be paid in cryptocurrency.
The German Tourism Board promotes Germany as a travel destination accepts bitcoin payments from March this year. It also announced “medium-term” plans to test blockchain technologies in the processing of its international financial transactions.
The block chain technology offers the interesting perspectives in regards to the speed, transparency and security of financial transfers. The announcement by German Tourism Board also recognizes the “potential for tremendous improvements and savings” in international transactions.
The German National Tourism Board has been working to promote internationally travel opportunities in Germany.
The German National Tourism Board is making the country to place in a diverse and attractive travel destination.
To achieve that it offers an array of services in cooperation with German businesses – from transport and accommodation, to shopping opportunities and tourist attractions.
The tourism authorities in the major European economy have taken a relatively soft approach towards crypto currencies.
The Federal Ministry of Finance announced that bitcoin should not be taxed when exchanged and used as means of payment.
Its clarification notice effectively recognizes the most popular crypto as a currency. Bafin, Germany’s financial regulator has advised investors in initial coin offerings to refer to regulations applicable to traditional financial instruments and comply with current requirements.
It is created most favorable conditions for bitcoin adoption in the country. Last year Germany’s largest food delivery portal, Lieferando.de, announced it had started accepting bitcoin payments.
