Altcoin News: Booking.Com CEO: Cryptocurrencies Have a Great Potential Outside the US

August 20, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Glenn Fogel, who was appointed as the head of the Internet booking system for hotels Booking.com in June, on August 20, in a conversation with the Skift portal shared his vision of the development of the cryptocurrency and blockchain industry.

According to Fogel, payment systems of the future should be universal and offer an increased level of data protection. He expects that cash will become less common over time, and they may be replaced by a new form of global currency.

According to his forecast, such currency may be especially popular outside the United States.

“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,” he said.

Booking.com was among the first companies to show interest in participating in the Facebook cryptocurrency project.

Former Booking.com CEO Gillian Tans has previously spoken in support of technology. Last April, she announced that blockchain could simplify the portal’s relationship with landlords and provide several benefits to customers.

Author: Marko Vidrih