Crypto on LYO: The Blend — Hong Kong is Most Crypto-Ready Country, 116-Year-Old Swiss Travel Agency Accepts Crypto, Dubai Metaverse Strategy to Attract 1,000 Crypto Firms

What happened in the crypto world in the last week? Let’s see some interesting news together!

Hong Kong Named as the Most Crypto-Ready Country in 2022

A study by Forex Suggest, a forex platform, said that Hong Kong is the best country for widespread cryptocurrency adoption.

The research examined various factors that determine a country’s readiness to adopt cryptocurrencies such as number of crypto ATMs, cryptocurrency legislation and taxation, the number of blockchain startups, and the countries with the highest degree of interest in crypto.

Hong Kong got the highest overall crypto readiness score of 8.6/10 followed by the United States with 7.7 and Switzerland with 7.5.

One of the Oldest Swiss Travel Agency Now Accepts Crypto

Kuoni Business Travel, a travel company founded in 1906, is now accepting Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), Bitcoin Cash (BCH), Litecoin (LTC), and Wrapped Bitcoin (WBTC).

This is after the 116-year-old tourism firm’s partnership with cryptocurrency payment processor BitPay. Kuoni Business Travel Head Andreas Schneider said in a statement that the partnership is an answer to the world’s growing demand for more digital payment possibilities.

Moreover, Kuoni Business Travel’s vice president stated that the travel firm has considered the ability of cryptocurrencies to deliver faster, safer, and more cost-effective payments worldwide.

The partnership is one of the recent initiatives by leading brands in different industries that prove crypto’s advantages in terms of innovative payment avenues.

Dubai Metaverse Strategy to Pull In 1,000 Crypto Companies

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai and chairman of the Dubai Executive Council, revealed the metaverse strategy designed to support 40,000 virtual jobs and attract 1,000 blockchain and metaverse companies by 2030.

According to Omar bin Sultan Al Olama, UAE minister of state for artificial intelligence and digital economy, the metaverse strategy will “provide innovative solutions, positively impact people’s lives, and transform the city into one of the smartest hubs worldwide offering new economic opportunities.”

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