Germany: National Tourism Centre includes Digital Currency Payments for Services

Suzette Paulsen

March 29, 2018 1:11 pm

Germany: National Tourism Centre includes Digital Currency Payments... | Coindelite News
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National Tourism Centre in Germany includes Cryptocurrency Payments for Services

German National Tourist Board (GNTB) reported that it is now acknowledging Bitcoin and other digital currencies as a mode of payment for its services.

In late February 2018, the Federal Ministry of Finance announced digital currency as acceptable tender for payments by a precedent set by the European Court in 2015. Germany plans to collaborate with the EU different nations in the development of regulations for initial coin offering (ICOs) and trading platforms. In late February, the first detailed regulation for ICOs operators in Germany was passed by the Federal Financial Supervisory Authority (BaFin), which has jurisdiction over the cryptocurrency space because of a current lack of particular legislation.

Petra Hedorfer, CEO of German National Tourist Board, said:

“Within our strategy for digitalization, we continuously look at the most recent technologies and trends and see whether they can be implemented into our company.”

The marketing organization said it was engaged in testing crypto’s underlying Blockchain technology for their finance operations and may utilize it for global payments.

Petra Hedorfer continued:

As an international company, the GNTB wants to “set an example as a [driver of innovation] and leader for the tourism [industry].”

As a national tourism board, Frankfurt-based GNTB is accountable to the Federal Ministry of Economy and Energy, from which it further receives financing. GNTB plans to create and impart strategies and products to arbitrarily represent Germany as an appealing travel destination. For this purpose, the organization operates 32 agencies abroad.