Booking.com CEO: Cryptocurrency will ultimately be "widely accepted"

In the 2019 cryptocurrency market, as the market sentiment for cryptocurrency prices rises, prominent figures from retail, tech, finance, and other industries have started discussing the growing crypto space. The CEO of Booking.Com believes that cryptocurrencies will be "widely accepted" worldwide.

Decline of Credit Card Dominance

The online travel group Booking Holdings, founded in 1997, includes well-known online booking platforms such as Priceline, Kayak, Booking.com, Agoda, Cheapflights, Rentalcars.

The CEO of the group, Glenn Fogel, has been advocating for the development of various payment systems for users, especially outside of the United States, where credit cards will no longer be the preferred choice.

During an interview on August 20th, as reported by Ethereum World News, he also expressed many views on cryptocurrency and blockchain technology.

Bitcoin May Not Be the Future

According to previous reports on the Facebook Libra project, as mentioned in Zombit, Booking.com is also a partner in the stablecoin project. Fogel stated that this is a new form of global currency, highly secure, and very promising.

Fogel did not elaborate on whether Libra is a "very promising" cryptocurrency. However, considering his company's involvement in the project, he may see Libra as an early competitor in the global currency space. Fogel also mentioned:

"While I don't believe Bitcoin is the future of currency, I do believe that currencies based on blockchain will emerge and may be more widely adopted globally, especially in countries outside the United States."

"Imagine a future where most payments are made through people's mobile devices, 'cash will become very rare'."

Regarding the future scenarios for achieving encrypted payments, Fogel believes that these encrypted payment solutions, whether it's Libra or Bitcoin, need to prioritize information security. He pointed out:

"I've mentioned this many times, there needs to be a more seamless user experience, the process of encrypted payments is still too complex, progress must prioritize information security, if the public does not trust that their information is secure and protected, we are simply regressing."

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