Today, Bitcoin certainly has many more uses than just a few years ago. What makes it more attractive for people around the world to become users of cryptocurrency. Knowing that they can use their Bitcoins to purchase goods and services as if it were fiat money. And in this sense, it has been announced that now the company that issues passports and visas, Peninsula Visa, accepts payments with Bitcoin for issuing passports, thanks to an alliance with Coinbase.
The uses of Bitcoin
One of the biggest problems that Bitcoin faces today is the lack of options for its use. And it is that, unlike fiat money that can be used to pay for goods and services in any trade in our countries. In the case of Bitcoin, very few companies, like Peninsula Visa, have dared to take the step, and accept Bitcoins.
This has been a major obstacle to the mass use of cryptocurrency. Well, although people can acquire Bitcoin as a mechanism for financial investment, either in the short or long term. The truth is that, while Bitcoin does not have the liquidity and acceptability of traditional fiat money, it will not be able to compete directly with it to become a reference currency at a global level.
Therefore, advances such as the launch of cryptocurrency debit cards such as the one created by Binance, are crucial for the future of the crypto market. This at least while more companies do not follow the example of Peninsula Visa and other companies worldwide, which have decided to start accepting payments with Bitcoin.
Peninsula Visa accepts BTC for your passports
Few documents are more important than passports and travel visas. Essential when traveling anywhere in the world for pleasure, family or work. So companies like Peninsula Visa, which are dedicated to supporting travelers in the process of issuing passports and visas, are of great importance in the modern world. It is therefore great news that Peninsula Visa begins to accept Bitcoin as payment for its services.
«Never before has anyone been able to pay for a US passport with a digital currency. We are delighted to be the first company in the country to offer this alternative payment method to our valued customers. As we await a post-COVID world, one that we believe will be more digital than ever, offering travelers the ability to pay via Bitcoin feels like the right move at the right time.“Said Peninsula Visa Chief Operating Officer Evan James.
Thus, at the moment the operations available to pay with Bitcoin are: passport renewal, name change, second passport and second passport renewal. Expecting that in the coming months new services will begin to be available, thanks to the collaboration between Peninsula Visa and Coinbase, an exchange in charge of processing all payments received by the company in Bitcoin.