Prime Experience, A leading yacht charter company, started accepting cryptocurrency for its administrations and aspires to see a quick 40% development increment from Bitcoin (BTC) payments in the first year and $6.5 million in revenue in the coming year, essentially from its yacht charter service and the experiences it hosts for clients.

Apart from accepting Bitcoin payments, the firm likewise declared that it would base its web and mobile services on blockchain innovation as it gave more transaction security than any other framework.

According to the IMARC Group report titled “Luxury Yacht Market: global industry trends, share, size, growth, opportunity and forecast.” Rapid urbanization, emerging trends along with significant growth in the recreational tourism sector, the global luxury yacht market to grow at a CAGR of around 9% during the forecast period (2021-2026) and will be one of the key factors creating a positive outlook for the market.

The Prime Experience company seeks to attract cryptocurrency market users to generate new business alliances and strategies to participate and connect with more users.

The founder Jose David Tobon and Co-founder Juan Garcia of Prime Experiences believes that many doors have opened with cryptocurrency and suggested that Miami could be the next Silicon Valley as top companies such as Tesla, Facebook, and Google are looking to enter the city.

Moreover, Francis Suarez, the Mayor of Miami, has previously pushed for progressive cryptocurrency laws and recently suggested Miami’s citizens should receive salaries in Bitcoin. From his tweets, it’s easy to figure out that he is an open supporter of cryptocurrency and wants to convert Miami into a crypto hub.

The City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation. Proud to say Miami is the first municipal government to host Satoshi’s White Paper on government site.
@balajis @tyler @cameron @APompliano

Along with Yachts, many hospitality industries have started to accept cryptocurrencies as well. One such prominent example is The Kessler Collection hotel group, Created by Richard Kessler, the founding members of Marriott’s Autograph Collection.

The Kessler Collection hotel group had partnered with BitPay (bitcoin payment service provider) and became the first U.S. luxury hotel chain to accept cryptocurrency as a form of payment. The hotel chain accept Bitcoin, Ethereum, Dogecoin and altcoins, as payment to oblige the developing interest.

The scope of services acknowledging cryptocurrency as a payment method has progressed more lately, considering Bitcoin and altcoin payments are more affordable than credit cards and help foreign tourists make payments more manageable.

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