In 2014, Disney announced its cryptocurrency named Dragonchain with its independent blockchain platform. Platforms like bit alpha Artificial Intelligence offers bitcoin trading features like accurate and précised strategies for becoming an independent trader; moreover, you will get live customer support. And this depicts that Disney adopted cryptocurrency technology way before it became popular.
Using bitcoin, Disney is looking to expand their revenue streams into the future. Their goal was to provide “guests with fast and easy access through a seamless experience at Walt Disney World and beyond.” One such way they hope to do that is by using Bitcoin, which has recently exploded from being a “meager currency of the internet” into a global phenomenon.
Step 1: First, you must set up a Bitcoin wallet. If you haven’t already, visit Coinbase or Blockchain.info and create one. Once done with that, buy some bitcoins from an exchange like Coinbase. Remember that the BTC pricing depends on how much demand there is in the market and the amounts being mined at any given moment. You can purchase small amounts or even one whole coin initially.
Step 2: You need to find a place or store in Disney land that accepts bitcoin payments; you are ready to purchase goods and services from that particular store or place. Numerous Disney land merchants accept bitcoin as a hot payment system. Moreover, bitcoin benefits the merchants and customers simultaneously in Disney land; if a customer is from a different country, then choosing a traditional banking method for processing transactions will be highly costly, and time-taking can completely spoil your vacation.
Step 3: Now, you will be asked to scan the QR code of the merchant and send them your bitcoin. However, you are advised to transfer the bitcoins to your wallet first and not to the merchant’s wallet. It means that you should have a Bitcoin wallet that is not on an exchange to do this. Once the amount is transferred to the merchant’s account, they will receive your order or product.
Bitcoin payment processors are now available online, allowing customers to pay in bitcoin, send the payment to their banks and then forward the money to merchants. It is convenient for merchants as their customers don’t need specific knowledge about cryptocurrencies or bitcoin. Moreover, it also provides an opportunity for merchants who want to accept payments in crypto without setting up a full-fledged cryptocurrency ecosystem for themselves.
What are the benefits of paying with bitcoin for your Disney vacation?
1. No transaction fees- Bitcoin payments mean no transaction fees, which is a big plus for merchants. To put this into perspective, the average fee for an electronic bitcoin transfer is less than one percent of the total value of the transaction. It is far less than the two to four percent fees charged by credit card companies and other associated costs such as chargeback fees and interest on unpaid balances.
2. Quick payments- There are no complicated procedures involved in making a payment using bitcoins. Users only have to send their bitcoin wallet address and the required amount to make the payment. The recipient can convert those bitcoins into dollars or their local currency using services like Coinbase or Bitpay.
3. No shippingand handling fees- Shipping and handling fees are a considerable cost factor for merchants. And it will be tough for them to find a cost-effective option that does not incur extra costs such as the time of receiving, checking, and shipping hassles and the cost of returns. Usually, it takes about 7 to 10 days for an order to clear a bank before it is sent out to the vendor; this is quite frustrating; bitcoin is a much more convenient alternative.
4. Security- Credit cards require consumers to share private information online, which leaves them vulnerable to identity theft and fraud. With bitcoin, your identity is secure. Bitcoin keeps your personal information private and does not store transaction information on the merchant’s website.
Conclusion:
Now go ahead and plan for your next vacation, including Disney land with bitcoins; it’s that simple! You can use bitcoins to book flights, hotels, or even shows in Disney land. Moreover, if you cannot pay with Bitcoins, you can choose any other mode of payment, such as credit cards or cash.