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Investigation of Using Bitcoin And Other Cryptographic Currencies in The Tourism Sector

The purpose of this study is to evaluate the use of Bitcoin and other crypto currencies as a payment instrument in the tourism sector. In this context, by examining the theory and the literature, firstly crypto currencies are conceptually handled and information about the usage situation of crypto currencies on the market is given. Later, the companies using the cryptographic currency in the tourism sector were examined and the use of cryptographic currencies as a payment tool in the tourism sector was evaluated. As a result of the study, it has been determined that Bitcoin has been used more in tourism sector through tourism portals as a means of payment. In addition, it has been determined that the tourism sector of the tourism portals, in other words, offer more intermediary services to the sub-sectors of accommodation and air transport. The study also found that the use of Bitcoin in the tourism sector has advantages such as rapid money transfer and low cost, as well as the disadvantages of Bitcoin being very open to speculation and facing the risk of imposing sanctions by the states. The study is a descriptive research for determine the situation. The findings of the study are thought to contribute to the literature because of the limited work on Bitcoin in the tourism sector.

Bitcoin, Cryptographic Currencies, Tourism Sector, Turkey


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