Cryptocurrencies Will Grow More Outside the U.S.


August 20, 2019 9:39 pm

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Glenn Fogel, CEO of Booking Holdings an online travel agency believes that digital currencies will grow and gain more popularity but outside the United States. The recently appointed CEO spoke about his support for cryptocurrencies in an interview. During the interview, Fogel discussed blockchain and crypto along with major issues in the travel industry and over-tourism.

While discussing the future of payment systems in traveling, Fogel said that the data security must be prioritized. He also predicted that cash will become rare in the future and included that he sees the potential for a new form of global currency which is secured. According to him, such a currency would be more popular outside the U.S. due to the widely used credit card system.

Glenn Fogel stated:

“When Bitcoin became well known, many questioned its legitimacy, and while the jury is still out on the future of Bitcoin, I do believe currencies with a blockchain base will continue to surface and may become more widely accepted across the globe, especially outside the U.S., which has a well-accepted credit card payment system.”

Few reports claim that the CEO of the booking agency was recently appointed for the company. Before joining Booking holidays, he was revealed to be a founding member of Facebook’s cryptocurrency Libra and he was also associated with visa and Mastercard.

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