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Argentinian airline Flybondi adopts NFT technology for ticketing

Argentinian low-cost airline Flybondi is implementing blockchain technology in its operations. The company recently announced that it will issue tickets as non-fungible tokens (NFTs), expanding the possibilities of what customers can do with them. User may, for example, sell or transfer Tokens to other travelers up to 3 days before his flight in question.

Flybondi issues NFT tickets

More and more companies are embracing NFTs as part of their business model as they recognize the benefits and benefits they bring. Argentinean low-cost airline Flybondi has also decided to use blockchain technology in its operations, issuing tickets as non-fungible tokens (NFTs), announcing that it will expand the range of things customers can do with their tickets. did.

Developed by blockchain technology developer Travelx, the solution allows customers to trade, transfer and sell tickets by changing the user’s name up to three days before the flight.

The alliance also introduced the possibility to purchase these tickets using Binance Pay with stablecoins, including USDC, first. However, Travelx has announced that other stablecoins will be included to offer more possibilities to its customers.

Regarding the benefits that users will enjoy from the change, Travelx said:

This innovation in the industry will allow travelers to predict their travel plans by accessing better rates without the risks associated with buying tickets in advance.

Web3 introduces secondary market

Including Web3 technology and NFTs in such a business opens up a secondary market for customers. Regarding the use of these new technologies, Travelx said the move “will bring together the travel industry and the new web3 world to provide travelers with a much more flexible experience, while offering new revenue streams and significant savings. It brings a new stage of creation.” at airline transaction costs. ”

Flybondi said in a statement that it was one of the pioneer organizations to implement this kind of functionality and hopes that other organizations will follow suit if the experiment is successful.

Projects using NFTs as part of their operations have increased this year. On September 8, the European Union announced plans to use NFTs to protect intellectual property and fight counterfeiting. In his August report by market research firm Grandview Research, the NFT market is projected to reach $200 billion by 2030.

Tags for this story

airline, argentina, argentina, cost reduction, cryptocurrency, flybondi, nft, secondary market, tokenization, travelx, Web3

What do you think about Flybondi issuing tickets as NFTs? Let us know in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist based in Venezuela. He explains that he entered the cryptosphere in December 2017 when the price hike happened, and fell behind the game. Computers With an engineering background, living in Venezuela and being affected by the cryptocurrency boom on a societal level, he offers a different perspective. About the success of crypto and how it can help the unbanked and underserved people.

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