argentine airline flybondi

Argentine airline Flybondi adopts NFT technology for ticketing – Bitcoin News

Flybondi, a low-cost Argentine airline, is introducing blockchain technology into its operations. The company recently announced that it will begin issuing tickets as non-fungible tokens (NFTs), expanding the possibilities of what customers can do with them. Users will be able to sell or transfer tokens to other travelers up to three days before the appropriate flight, for example.

Flybondi for NFT ticket issuance

More companies are including NFTs as part of their business models due to the perceived benefits and advantages they can bring. Flybondi, a low-cost Argentine airline, has also decided to use blockchain technology in its operations, announcing that it will issue tickets as non-fungible tokens (NFTs), expanding what customers can do with it.

The solution, developed by Travelx, a blockchain technology development company, will allow customers to trade, transfer, sell tickets, and change usernames up to three days before the trip.

The alliance has also introduced the possibility to purchase these tickets using Binance Pay with stable currencies, including USDC at the start. However, Travelx announced that other stablecoins will be included to provide more possibilities for customers.

Regarding the benefits that users may enjoy with the change, Travelx advertiser:

This innovation in the industry will allow greater flexibility for travelers who will be able to anticipate their travel plans by accessing better fares without the risks associated with pre-purchasing tickets.

Web3 introduces secondary markets

Including Web3 tech and NFTs in such operations will open up secondary markets for clients. On the use of these new technologies, Travelx stated that the move brings a new phase “where the travel industry and the new web3 world come together to provide a more flexible experience for travelers, while generating new revenue sources and significantly reducing transaction costs for airlines.”

According to Flybondi, the company is one of the leading organizations carrying out this type of job and expects others to follow if this experience proves successful.

Projects using NFTs as part of their operations doubled this year. On September 8, the European Union announced a plan to use NFTs to protect intellectual property and combat counterfeiting. In August, a report by Grand View Research, a market research firm, estimated that the NFT market would grow to reach $200 billion in 2030.

Tags in this story

airlines, argentina, argentina, markdown, cryptocurrency, flybondi, nft, secondary markets, tokens, travelx, web3

What do you think of Flybondi’s version of airline tickets as NFTs? Tell us in the comments section below.

Sergio Goshchenko

Sergio is a crypto journalist based in Venezuela. Describing himself as a latecomer, he got into the crypto world when the price spike occurred during December 2017. Because he has a background in computer engineering, lives in Venezuela, and is influenced by the crypto boom on a social level, he offers a different perspective on the success of crypto and how it helps people. Those who do not deal with banks are disadvantaged.

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