“The use of digital currencies based on blockchain will grow”

Glenn Fogel, CEO of Booking Holdings Hotel Online Booking System, spoke about how he sees the future development of the cryptocurrency and blockchain industry.

Vogel believes that payment systems will become universal and will have a higher level of data protection, and cash will be replaced by a new form of global currency, which may turn out to be especially popular outside the United States.

“After Bitcoin became widely known, the question arose about its legitimacy. The debate over the future of bitcoin will not fade away for a long time. However, I believe that the use of digital currencies based on the blockchain will grow, especially outside the United States, where a credit card-based payment system is currently operating, which has proven itself, ”Vogel said.

“In addition, mobile devices have long been closely associated with our daily lives. That is why in a few years to pay off the phone, as is now done with credit cards, will be quite common. Thus, the use of cash will be minimized, ”he added.

It is worth noting that Booking.com is one of the first companies that expressed interest in participating in the Facebook Libra cryptocurrency project.

Former Booking.com CEO Gillian Tans has also previously supported cryptocurrencies. In April last year, she announced that blockchain technology could greatly simplify the portal’s communication with landlords and would provide clients with a number of advantages.