Asian travel company AsianCities announced its entry into the cryptocurrency space, enabling travellers to book over 400 luxury and boutique hotels, resorts and serviced residences in Asia.
Just recently, AsianCities announced a collaboration with Monspace to begin accepting MSD as a payment option on its portal, opening up the possibility of travellers to use MSD as an accommodation currency.
AsianCities, a digital travel company in Asia carrying a portfolio of over 400 hotels, resorts and serviced residences is taking a new leadership position in the industry by accepting cryptocurrencies starting with MSD, a blockchain-based cryptocurrency with its strong user-backing and forward-thinking software development arm.
MSD was officially launched on 1 October on the 3rd anniversary celebration of MONSPACE. Since its launch, the cryptocurrency has quickly rose to become one of the fifth biggest Cryptocurrency in the tidex.com.
“We have faith in MSD because as opposed to most cryptocurrencies which require an Initial Coin Offering (ICO) to source for funding, MONSPACE skips the step as it already has strong financial and user backing. It goes to show how much potential the cryptocurrency has,” said a spokesperson of AsianCites.
MSD was officially launched on 1 October 2017 on the 3rd anniversary celebration of Monspace. Since its launch, MSD rose to become one of the fifth most traded cryptocurrency on Tidex exchange.
The spokesperson also commented: “Our group transacts over US$20 million in hotel bookings, airport transfers, room upgrades, tour bookings and other hospitality-based services through our platform. With AsianCities now accepting popular cryptocurrencies such as MSD, we expect a very positive growth of hotel bookings to be 70-80% over the next 24 months.”
The Asian travel portal also noted its move to assist more hotels in developing a strong payment solution for its guests to maximise outreach and reduce existing banking costs.
According to the spokesperson, AsianCities guarantees its hotel clients fluctuation-free room reservations and hotel services booking while transacting through its portal.
“Many of our clients understand the recent impact cryptocurrency has on the market, and are looking forward to increase their market reach through crypto without wanting to worry about the details such as value fluctuations and conversions. Another attraction for hotels would be low fees paid on each transaction, which could potentially save 5-6% of its revenue on institutional fees.
“AsianCities has set up a department specifically for this purpose. And we will begin to assist hotels all over Asia to venture into cryptocurrency with minimal amounts of risk involved. We invite hotel owners, managers and operators across Asia to contact us for more information.”