German Tourism Board Accepts BTC
From now on, you will be able to purchase tourism packages in Germany with Bitcoin and other major cryptocurrencies. The report comes from Cointelegraph Deutsch March 27. German companies are taking notice of Bitcoin and other major cryptocurrencies.
“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,” – Petra Hedorfer, CEO of GNTB.
The GNTB plays an important role in the promotion of Germany as a travel destination on the international market. Cryptocurrencies have been hot lately and its an innovative way to attract travelers who have hodl for some time now.
Now you will be able to stay in a Munich hotel, tour around the square, and enjoy some Oktoberfest beers with your buddies. All because of your genius idea of buying Bitcoin back in 2016 and have a lot to spare left for a European tour which you can cover the expenses with a crypto credit card like Xapo, or Monaco.
Germany is one of the worlds crypto friendliest countries with Liferando accepting Bitcoin Cash as payment for its food delivery services across the Bavarian country. Two German political parties, Partei der Vernunft and the Piratenpartei Deutschland both support Bitcoin making waves towards a more crypto friendly country.
The German Ministry of Finance recently declared that it would treat cryptocurrency purchases just like fiat purchases, meaning they would only be subject to the standard VAT norms.
“Virtual currencies (cryptocurrencies, e.g., Bitcoin) become the equivalent to legal means of payment, insofar as these so-called virtual currencies of those involved in the transaction as an alternative contractual and immediate means of payment have been accepted” (ambcrypto)
As more countries become tolerant to digital assets, when will we start seeing tremendous gains as we did before for cryptocurrencies?
By Menajem Benchimol.