Flybondi Airlines To Issue Tickets Using NFT Technology
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Flybondi To Use Blockchain Technology
Due to the perceived features and advantages that NFTs offer, more businesses are incorporating them into their business structures. Low-cost Argentine airline Flybondi has also decided to employ blockchain technology in its operations. It has announced that it will issue tickets as non-fungible tokens (NFTs), extending the range of possible uses for its consumers.
Customers can trade, exchange, and sell tickets using the solution created by Travelx, a blockchain technology development business, and modify the names of the passengers up to three days before the trip.
Use Of Binance Pay And Stablecoins
Additionally, the alliance made it feasible to purchase these tickets using Binance Pay and stablecoins, including USDC. However, Travelx stated that other stablecoins would be added to provide clients with more options. Travelx provided the following benefits that consumers may experience as a result of the change:
"This innovation in the industry will allow greater flexibility for travelers who will be able to anticipate their travel plans by accessing better rates without the risks associated with purchasing tickets well in advance."
Web3 Technology And NFTs
Customers will have access to secondary marketplaces due to the use of Web3 technology and NFTs in such activities. The usage of these new technologies, according to Travelx, brings in a transitional beginning where the travel industry and the world of the new Web3 join together to create a significantly flexible experience for passengers while producing new streams of income and a considerable decrease in transactional costs for airlines.
According to Flybondi's claims, the business is one of the originators in providing this sort of functionality and believes that, if this trial is successful, others will do the same.