Argentinian airline Flybondi adopts NFT technology for ticketing – News Bitcoin News

Flybondi, an Argentinian low-cost 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 current flight, for example.

Flybondi issues NFT tickets

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

The solution, which was developed by Travelx, a blockchain technology development company, will allow customers to shop, transfer and sell the tickets, and change the names of the users up to three days before the flight.

The alliance also introduced the ability to purchase these tickets using Binance Pay with stablecoins, including USDC at first. However, Travelx announced that other stablecoins will be included to give customers more options.

As for the benefits users can enjoy with the change, Travelx stated:

This innovation in the industry will provide greater flexibility for travelers who will be able to anticipate their travel plans by accessing better prices without the risk associated with buying tickets well in advance.

Web3 introduces secondary markets

The inclusion of Web3 technology and NFTs in such operations will open up secondary markets for customers. About the use of these new technologies, Travelx stated that the move brings a new phase “where the travel industry and the world of the new web3 come together to provide a much more flexible experience for travelers, while generating new sources of income and a strong reduction in transaction costs for the airlines.”

According to Flybondi’s statements, the company is one of the pioneer organizations implementing this type of functionality and expects others to follow if this experiment proves successful.

Projects using NFTs as part of their business have multiplied this year. On September 8, the EU announced a plan to use NFTs to protect intellectual property and fight counterfeiting. In August, a report issued by Grand View Research, a market research company, estimated that the NFT market will grow to $200 billion by 2030.

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

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. Describing himself as late to the game, he entered the cryptosphere when the price spike occurred during December 2017. He has a computer engineering background, lives in Venezuela and is influenced by the cryptocurrency boom on a social level, offering a different point of view on crypto success and how it helps the unbanked and underserved.

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