3 Reasons Why Tokoverse is the Mecca for Crypto Tourists
2022 marks two full years since the onset of the pandemic which has wreaked havoc to humanity and shattered any sense of normalcy leading to what is colloquially known as the “new normal”. In many ways, the pandemic has disrupted almost every single aspect of our lives, from work and play to the manner in which we go about our daily lives and the way in which we interact with each other. After more than two years and multiple variants of the coronavirus, we have learnt to live with the virus and with this, the pandemic is slowly but almost certainly turning into an endemic. The disruptions caused by the pandemic have affected different industries in various ways but perhaps the industry which has been hardest hit by the impact of the pandemic is the tourism industry which at the peak of the pandemic is estimated by the United Nations World Tourism Organization (UMWTO) to have suffered a loss in revenue of between USD910 billion to USD1.2 trillion in 2020 alone.
Prior to the pandemic, the tourism industry had transformed into a multi-billion industry thanks to the dawn of the era of mass air travel which was heralded by the advent of low cost flying. All this was shattered by the arrival of the coronavirus which triggered national lockdowns and border closures by countries around the world as part of their efforts to curb the spread of the virus by restricting social interaction and human mobility. Nonetheless, light is beginning to appear at the end of the tunnel as countries begin to ease lockdown restrictions and open up their borders. Given the pent-up demand which has built up over the past two years, a travel boom is on the way with crypto tourism being the latest trend among globetrotters itching to ease their travel bug.
Reviving the Tourism Industry with Crypto Power
Whilst the pandemic almost landed a knockout blow on the tourism industry, it has accelerated the global shift towards digital transformation with the crypto domain being one of the main benefactors of this shift as the capitalization of the crypto market hit the record USD3 billion mark in November 2021. Given such a state of affairs, it is little surprise that crypto has emerged as the saviour for the tourism industry through the concept of crypto tourism which in essence is the provision of tourism-related services such as air tickets, hotel accommodation and shopping activities that can be paid for using cryptocurrencies.
A country which has been giving crypto tourists something to cheer about is Thailand with the Tourism Authority of Thailand (TAT) having announced in November 2021 that it is working with the Bank of Thailand (BoT) and leading local crypto exchange, Bitbub to pave the way for the use of cryptocurrencies for tourism-related services in the country. As part of the Thai government’s efforts to recoup some of the USD80 billion revenue loss suffered by the tourism-dependent country due to the pandemic, the TAT is slated to set up a new department this year which will be tasked with the issuance of a new cryptocurrency and the development of a crypto wallet that will be part of a new crypto-powered tourism ecosystem in the country. Whilst Thailand is working on deploying the concept of crypto tourism to tap into the post-pandemic tourism boom, Tokocrypto has already equipped Tokoverse with features of the concept.
Tokoverse, the Crypto Tourism Hub
Right from the get-go, Tokoverse has been devised as a community-centric, purpose-driven long term project with the focal point being on the continuous shoring up of the fundamentals of the ecosystem through the development of use cases for Toko Token (TKO) which serves as the native utility token of Tokoverse. As an avant-garde crypto ecosystem, Tokoverse is always at the forefront of crypto trends and this is no different when it comes to crypto tourism. Here are 3 features of Tokoverse which provide 3 key reasons why the ecosystem is the Mecca for crypto tourists:-
Feature #1 — Learn about Cryptocurrency in a Holiday Mood at T-Hub
In furtherance of Tokocrypto’s vision of empowering the crypto community by equipping them with the knowledge and skill sets to enable them to capitalize on the endless opportunities in the crypto economy, T-Hub was launched in December 2021 as Tokoverse’s crypto community building arm by serving a place where crypto tourists can gather, ideate, create, improve, innovate or simply live the crypto lifestyle. Spanning 1,000 square feet, T-Hub is a state-of-the-art TKO-powered facility which is equipped with media halls, discussions rooms, co-working spaces as well as food and beverage (F&B) outlets to provide a resort-style environment in which crypto tourists can learn more about cryptocurrency while being in a holiday mood during their vacation.
Feature #2 — Ready, Set and Go with TKO
Any holiday goer can relate to the hassle of sorting out accommodation, flight and touring arrangements whereby to spare holiday goers this hassle, Tokocrypto has integrated TKO with Travala.com, the world’s top cryptocurrency-friendly online travel booking platform. With this integration, TKO holders can use their TKOs to book over 2.2 million hotels and homes, 600+ airlines and 40,000+ activities in more than 230 countries on Travala’s online platform.
Feature #3 — Shop Till You Drop with TKO
At Tokocrypto, we understand that no holiday experience is complete without some shopping which is why TKO is a must-have for every crypto tourist. As TKO is supported by Binance Pay and Shopify, TKO holders would be able to use their TKOs at the merchant partners of these platforms while they are out and about doing some shopping during their holidays. Nonetheless, TKO holders are advised to ensure that the use of cryptocurrencies as instruments of exchange is permitted by the laws of their respective country of residence prior to using TKO as an instrument of exchange on Travala.com, Binance Pay, Shopify or any other platform which accepts TKO as a means of exchange.
In line with the rising interest in all things crypto across the globe, crypto tourism has emerged as a new trend which is set to take off as the world emerges from the clutches of the pandemic. As the crypto bandwagon onboards more fans and enthusiasts, the rising trend of crypto tourism would be gaining greater traction which opens the door for the incorporation of other elements in the crypto domain such as non-fungible token (NFT) and Metaverse as part of the concept. If and when this comes to fruition, crypto tourists who are looking to harness the power of cryptocurrency to facilitate their preparations to have some fun in the sun need to look no further than Tokoverse, the Mecca for crypto tourists.
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