Flybondi, a low-cost carrier based in Argentina, has begun selling non-fungible token (NFT) tickets in collaboration with TravelX, a non-fungible token (NFT) ticketing business that uses technology based on the Algorand blockchain.
According to the announcement, “NFTickets enable secure, flexible, and efficient ticket distribution, reducing customer service costs and increasing revenue for airlines as they collect a percentage of NFTicket sales on the secondary market.”
Flybondi’s Ticket 3.0, powered by TravelX’s NFTicket technology, enables travelers to manage their tickets to suit their needs and trade, change their name, transfer to another traveler, or resell their NFTickets. Over 60 airlines worldwide are in conversations with TravelX to explore the adoption of its technology.
Users can purchase flight tickets on the Flybondi website using fiat currency, and TravelX then generates an additional synchronized NFT ticket on top of the regular e-ticket. Finally, travelers can manage and store their NFTs on Flybondo. The announcement states that TravelX is leading the charge in driving this transformative change.
The crypto industry and airline sector are currently exploring new opportunities to combine their use cases. Binance partnered with Crypto Air Tickets to allow users to book flight tickets using crypto via Binance Pay.
Compiled by Coinbold