The International Monetary Fund (IMF) and the World Bank have been somewhat reticent about countries giving cryptocurrencies legal tender status or promoting their widespread use within their borders, but no one seems to be listening.
The flag carrier of Latvia AirBaltic has become the first-ever airline to create non-fungible tokens (NFTs). The airline unveiled that it will create NFT in a short supply to exhibit one of its registered Airbus A220-300 and also use it to promote the tourism industry in the country.
Bitcoin is continuing to find its way into many sectors including tourism, online shopping, hotels and restaurants, supply chain, online casinos, and charity. There is also a growing dire need for Bitcoin in banks.
Using their cultural strength, Italy wants to promote and use innovative technologies such as blockchain, artificial intelligence (AI), smart contracts, the internet of things (IoT), crypto and others to lift the capacity of territories, particularly in the tourism industry.
The large international operators are vying for the fertile digital tourism market, but Italy has yet to create a significant strategy to heighten cryptos and create projects that contribute to the national tourism industry by providing more revenue and competition. The 3 key opportunities for development must not be missed.
Blockchain technology, which has probably been heard of by almost everyone, became well-known and began to develop rapidly rather recently and immediately had the whole world speaking about it. The experts’ opinions on the blockchain were divided: some consider it one more digital toy, while others are sure that this innovation has a great future. Now, many people agree that blockchain may be applicable in many spheres of public life, and the tourism business is one of the most prospective areas of use for this technology.