One of the leading travel agencies in Latin America – Despegar – partnered with Binance Pay and Inswitch to enable clients to pay for tour packages in cryptocurrencies.

For starters, the offering will be available only for customers in Argentina. 

Despegar Leads the Way

The agreement, announced by the world’s biggest cryptocurrency exchange – Binance, turned Despegar into the first online travel agency (OTA) in Latin America to accept digital assets as a means of payment. Customers will be able to settle hotel accommodation, flights, car rentals, and cruise trips in more than 70 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP).

While the new option applies only to clients in Argentina, it might reach other countries across South America in the future. 

Paula Cristi – General Manager of Despegar for Argentina and Uruguay – said the firm has realized the merits of the cryptocurrency industry, arguing the offering will allow Argentines to “approach this universe in a friendly way.”

“We are proud to continue adding new alternatives and payment facilities for that more and more people fulfill their dream of traveling,” she added.

Maximiliano Hinz – Binance Director for Latam Southern Cone – claimed crypto’s main use case is to facilitate payments. He is convinced that the sector is still in its early days, believing “adoption has a lot of room to grow.” The exec highlighted the partnership between Despegar and Binance Pay, describing it as an “important step” that could promote digital assets across br