How DecentraBNB is Using Cryptocurrency to Fuel the Returning Travel Market
Travel was once a privilege that everyone took for granted, until free movement was taken away during the global Covid-19 pandemic of 2020. Indeed, before the outbreak, travel and tourism accounted for over 10 percent of the global GDP and was responsible for over 319 million jobs worldwide. There is now expected to be a total global loss of over $2.1 trillion over the affected time periods, and job losses that exceed 100 million. However, the upside is that now that the world is through the worst of the outbreak, travel is once again booming. In addition, the threat to financial security that the pandemic created led to explosive growth in the cryptocurrency sector, with individuals turning to decentralized finance as a means to supplement or even replace their threatened income, with adoption at an all-time high of 4%. It is estimated that more individual wealth has been created through the growing sector than any other industry on the planet.
In addition, the focus on decentralized systems has also led to the growth of Web 3 technology, which shifts power away from big corporations and places it back into the hands of individuals, with many advocates highlighting the added data security, connection, and autonomy that it enables. As the evolution of this emerging sector continues to grow, pioneering companies are positioning themselves as market leaders, providing early adopters with freedom of financial choice that was simply unavailable under the umbrella of web 2 systems. One such company is attempting to bridge the gap between cryptocurrency, web 3 technology, and the travel sector, while presenting a new horizon for both businesses and end users. Its name?
DecentraBNB.
Following in the footsteps of renowned centralized travel companies such as AirBNB and Booking.com, the project aims to be a disruptor to the travel industry through two key factors. Firstly, it will allow consumers to use cryptocurrencies instead of traditional Fiat to pay for accommodation (and later events), and secondly, it will enable businesses to build apps on its system that provide added benefits to customers, as well as allowing them direct communication and advertising to the end user (through the express permission and benefit of the individual).
For consumers, this evolution means that for the first time they can use a growing number of cryptocurrencies (which include the project’s own native DBNB token) on the dedicated IOS and Android app to pay for — at the time of writing — the rental of over 300 global holiday properties, as well as the opportunity to earn royalties for the allowed use of their data points and content. Considering that online information is generally leveraged by large corporations regardless, but without the knowledge — and often consent — of end users, it represents a revolutionary shift in data usage that rewards individuals, while allowing businesses to identify key growth opportunities. For those hosting their properties on the platform, it will provide direct access to potential customers, alongside lower costs and full autonomy of their listings, as well as their own royalty access for key information points that they can supply to travel businesses using the application.
A win-win scenario for all.
For businesses, DecentraBNB features a suite of features that increase benefits over traditional centralized systems. Firstly, the decentralized nature of the platform bypasses the need for intermediaries, allowing companies to avoid the large associative costs that drain profits. In addition, they will be able to build dedicated service applications on the platform that will benefit users, such as activity packages, travel guides, and vehicle hire. In addition, they will be able to access supplied customer data points that will enable them to better market and promote their services, leading to higher profits.
DecentraBNB itself is overseen by platinum-selling hip-hop artist Majestic Drama, who acts as company CEO, and backed by a number of talented individuals with a vast amount of collective experience in the DeFi space. While the application itself has been available for over 6 months, the project recently released its native currency on Monday 11 July — DBNB — which was a resounding success, hitting over $350,000 MC at ATH and growing its dedicated Telegram channel to over 850 global members. The project recently won the Innovation award at the March 2022 Cryptocurrency Conference in Dubai, and took up its official headquarters in Turkey. DecentraBNB also aims to imminently bridge to the Binance Smart Chain, taking full advantage of the network’s lower gas charges. Backed by influential figures within the space, the project is expected to grow exponentially from its initial launch point, as it continues to onboard new users, hosts, and businesses, as well as investors who see the exceptional potential returns on investment.
As well-known content creator Jake Paul posited, any business now being created should have Web 3 in the back of their mind for adoption, DecentraBNB represents a hallmark in the evolution of the travel space, one that takes full advantage of its positioning within the burgeoning Web 3 space, and the growth of cryptocurrency as a legitimate asset to allow unprecedented movement away from constricting centralized systems, governed by overreaching corporations. As the travel sector sees a rapid return to form, it will be projects such as these that will pave the way for a new method of interaction — one that provides consumers with unparalleled access and values their supplied data, as well as giving businesses direct and considered access to users, without the detrimental cost and compromised trust that centralized systems prioritize.
Now that is an idea worth investing in.
This article was written by the Wordsmith. Please note that the Wordsmith is not a financial advisor, and nothing written above should be taken as financial advise.
