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Crypto is becoming a more commonplace payment option every day. Digital currencies frequently make the headlines as crypto awareness and adoption grows across the globe. In Panama City, the local government now accepts cryptocurrencies as payment for municipal charges, such as taxes, fees and fines. Dubai recently announced similar measures as they plan to accept large-cap cryptocurrencies for government service fees, including parking. From the consumer perspective, there is a pronounced demand for crypto payments among younger generations, especially millennials and Gen Z crypto users. For them, crypto isn’t just an investment vehicle, it’s a tool for everyday transactions, including travel.
In this article, we explore why millennials and Gen Z are leading the charge for crypto payments, why millennials and Gen Z are paying for vacations with crypto, and what it might signal for the future of travel and payments.
Crypto adoption among millennials and Gen Z
Millennials and Gen Z are the two demographics with the highest crypto adoption rates. A recent study found that 42% of U.S. millennials have made purchases using cryptocurrency, with 8% using it whenever possible. But Gen Z appears to be adopting crypto at an even faster rate, with 51% of adults aged 18 to 29 reporting ownership. This trend is a sign of younger generations’ shifting relationship with legacy payment systems. Disillusioned by traditional finance, millennials and Gen Z are turning to cryptocurrencies as tools for financial empowerment and autonomy.
According to Coinbase’s “State of Crypto” report, only 9% of millennials and a mere 6% of Gen Z believe the current financial system works for people like them. The appeal of crypto can be attributed to these generations’ digital fluency and their level of comfort in using new technologies. As such they are less risk averse and keen to try innovative solutions that offer greater benefits than those controlled by institutions. This is as true as it is for crypto investment as it is for crypto spending, fueled by user-friendly platforms and forums and online communities that help them understand the ins and outs of each development.
Millennials and Gen Z are paying for vacations with crypto
Recent research into millennial and Gen Z travel habits has revealed how their preference to use cryptocurrencies for travel-related spending is based on more than just convenience. It is also about values, the user experience, and trust in digital systems. A 2025 study published in the International Journal of Contemporary Hospitality Management found that both generations are significantly influenced by factors such as performance expectations, ease of use, and social influence when considering crypto payments in the hotel industry. Gen Z in particular values the speed, transparency and cost efficiency associated with decentralized payment systems, seeing them as enhancing the travel experience rather than complicating it.
This generational shift also highlights differences in motivation and behavior, even between millennials and Gen Z. For example, Gen Z are often considered to be more “digitally native” than millennials and are even more likely to adopt new and innovative technologies. Their greater exposure to digital tools from an earlier age means they are more willing to embrace the benefits of crypto, including anonymity, auditability and flexibility, especially when booking accommodation and experiences. Meanwhile, millennials find ease of use more appealing. Intuitive, user-friendly interfaces and seamless transaction processes are essential.
The future of travel and crypto payments
As cryptocurrency becomes an even more commonplace feature of 21st century finance and commerce, their role in the travel industry is set to increase, particularly given the borderless nature of digital currencies. It is now a practical tool for booking hotels, flights and experiences from anywhere in the world. As seen above, the shift is already underway, and many merchants and businesses in the travel and hospitality industry have already onboarded crypto payment solutions to cater to this growing demand. ForumPay is ideally positioned to process crypto payments for all crypto users, from all demographics, but is particularly suited to millennial and Gen Z crypto users thanks to our convenient, seamless and user-friendly payment gateway.
We enable merchants to accept any major digital currencies from any wallet, anywhere in the world, and receive fiat as payment. Conversion is instantaneous and funds are displayed immediately on each merchant’s ForumPay dashboard, then settled overnight. Our solution makes it quick and easy for merchants to accept crypto without dealing with the complexities of the blockchain, or having to acquire a crypto wallet. Accepting crypto through ForumPay opens up access to a growing customer base of high-intent spenders who increasingly prioritize merchants that meet their needs. For Gen Z and Millennial users, ForumPay offers the frictionless experience they expect: real-time conversion, QR code payments, and seamless compatibility.
For more on crypto trends, or to learn how to integrate crypto payments into your business’ workflow, visit www.forumpay.com, or get in touch with our sales team to discuss any questions you may have.
