Sun 25 Sep 2022 ▪ 10:00 a.m. ▪
min read – by
Flybondi, Argentina’s low-cost airline, has announced that it will now use non-replaceable tokens (NFT) at his counter. By introducing non-fungible tokens into its business, the company aims to expand its options and give more flexibility to its customer base through crypto. Users therefore have the option to sell or transfer NFTs to other travelers within a specified time frame.
Flybondi integrates NFT tickets into its business strategy
NFT travel tickets are seen as the future of ticketing. If they’re so successful right now, it’s because they create a unique link between travel companies and their customers. In addition, they arouse the involvement and interest of a new type of travelers and thus generate an additional source of income. It is all these benefits that further encourage airlines to invest in non-fungible tokens. The latest is Flybondi, an Argentine company known for its affordable prices. Indeed, she decided she was going now issue tickets in NFT. A commercial operation that will certainly enable it to expand the possibilities for its customers.
To carry out this project, she called on the services of: travelx, a structure that works in technological development. Travelx will build the solution that will allow customers to transact using blockchain technology. Users can: transfer, exchange or sell tickets by changing names up to 3 days before the flight.
Thanks to the collaboration between Flybondi and Travelx, travelers can also buy tickets on Binance Pay with what cryptos. Currently, only USDC is supported, but Travelx promises to include several other stablecoins in the future to increase user options. As you will have understood, NFT tickets allow travelers to plan their trips well in advance. This allows them to benefit from the best prices without risk or delay.
Crypto: The Non-Fungible Token Market Is On The Rise
Enter the web technology 3 and NFTs for commercial projects will drive new markets. For Travelx, the inclusion of these new technologies propels customers into a new phase “where the travel industry and the new web3 world come together to provide travelers with a much more flexible experience, while generating new revenue streams and significantly reducing airline transaction costs. “.
It must be recognized that very few companies currently invest in NFT ticketing. Flybondi is one of the first to offer tickets in non-exchangeable tokens. She knows that many structures will soon follow if her results are convincing.
The NFT-based business operations are much more democratized by 2022. Institutions such as the European Union use NFTs for security needs. Because the technological innovations of the blockchain make it easier to protect intellectual property by combating counterfeiting.
According to a recent report from analytics firm Grand View Research, non-replaceable tokens are still a long way from their true potential. The same report states that by 2030, the NFT industry could reach $200 billion..
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PhD student of financial law and experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. Naturally, thanks to his articles, he joins the daily blockchain revolution for a better democratization of DeFi.