Argentina Airlines blockchain business Adoption Travel Argentina

Web3 technologies could be a game changer for the travel industry

Reading now: 903

Many companies and industries are incorporating Web3 technologies into their business structures, and the travel industry is no exception.On Wednesday, Flybondi, an Argentinian airline, announced a strategic alliance with TravelX, a blockchain technology company responsible for tokenizing flight tickets.

The partnership intends to enable travelers to purchase airline tickets as nonfungible tokens through Binance Pay, using USD Coin (USDC) as payment for transactions.

Speaking with Cointelegraph, the co-founder of TravelX, Facundo Diaz, shared that he was fully convinced that Web3 technologies could allow the travel industry to expand, not only in market size but also in terms of use cases and benefits for travelers:He explained that another increase took place in 2008.

When it became mandatory for International Air Transport Association members to use e-ticketing services, the number of travelers grew to 4.5 billion yearly and the industry had a market size of $870 billion.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News