Head of Booking.com: the popularity of cryptocurrencies will grow, mainly outside the US

Glenn Vogel, the new CEO of Booking.com, shared his vision of the crypto industry on the eve.

In an interview with representatives of the Skift New York edition, Vogel expressed support for cryptocurrencies and talked about the future of payment systems in tourism. The head of the popular hotel booking service believes that payment systems should be universal and at the same time guarantee a high level of security. Vogel predicts that in the future, cash will gradually go out of circulation, he sees the potential in a new form of international currency, which will provide protection.

He noted that when Bitcoin became well-known, many began to think about the legitimacy of this asset. Vogel believes that amid disputes over the future of BTC, new forms of money based on blockchain technology will continue to gain popularity and will be put into circulation, mainly outside the United States, where there is a well-established payment system that uses credit cards.

Gillian Tance, the former head of Booking.com, also supported blockchain technology. In April 2018, Tans drew attention to the fact that the innovation could simplify and improve the interaction of the company with landlords and tourist facilities.