GNTB is Accepted Digital Currency

Good news German National Tourist Board (GNTB) is now accepting Bitcoin and other digital currencies as a form of payment for its services, as per report March 27.

The promoting association said it was keen on testing crypto's fundamental Blockchain innovation for their back tasks and may utilize it for global payments. As a worldwide company, the GNTB wants to “set an example as a [driver of innovation] and leader for the tourism [industry],” Hedorfer proceeded.

In late February 2018, the Federal Ministry of Finance declared virtual money as worthy delicate for payments as per point of reference set by the European Court in 2015. Germany plans to collaborate with the EU and different nations in the development of directions for exchanging stages and beginning coin offerings (ICOs). The primary point by point controls for administrators of ICOs in Germany were passed in late February by the Federal Financial Supervisory Authority (BaFin), which has authority over the crypto space due to a current lack of specific legislation.

"GNTB aims to develop and communicate strategies and products to positively represent Germany as an attractive travel destination"