Argentina โ€“ An airline issues air tickets in the form of NFTs

Argentina โ€“ An airline issues air tickets in the form of NFTs

The usefulness of non-fungible tokens (NFTs) is often questioned by some detractors, seeing in it only one form hidden scam, totally useless. Yet there is news that tends to prove otherwise โ€“ and that real world applications are indeed possible. In fact, an airline low-cost located in Argentina ad the forthcoming issuance of airline tickets in the form of NFTs. These will offer advantages to their holders.

The information is shared on the company’s official website, flybondi. We learn that it intends to adopt blockchain and NFT technology in its daily operations. According to her, it is a question of bringing more flexibility and of possibilities to customers.

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โ€œThis industry innovation will allow greater flexibility for travelers to anticipate their travel plans by accessing better fares without the risks associated with purchasing tickets far in advance. ยป

Press release from the low cost airline Flybondi.

Note that Flybondi is not the first to do so (but second!). Indeed, new technologies always penetrate a little more the economic models of companies. And on the same theme, the Air Europa company recently put on sale the very first plane tickets โ€“ in the world โ€“ in the form of NFTs on Algoraland.

Tickets in the form of NFTs?

Like Air Europa, Flybondi can develop this technology thanks to the company’s support TravelX. For the record, the latter has developed and offers a blockchain-based distribution protocol for the travel industry. The choice of the Argentinian company for the continuation of this adventure was therefore quite consistent.

If at this point you are still wondering the real usefulness of this ad, it lies in the benefits it offers to customers. Indeed, by purchasing an โ€œNFTicketโ€, each individual will have โ€“ for example โ€“ the ability to sell or transfer the tokens to other travelers up to three days before the relevant flight. Which is quite remarkable when one thinks of the practical difficulties currently encountered for such a request (depending on the company, of course).

In addition, TravelX and Flybondi worked on the integration of cryptocurrency payments, especially for this type of ticket. And the result is convincing since it will be possible to buy via Binance Pay. However, only the stablecoins (USDC) are accepted for the moment. But the range of available cryptocurrencies should quickly evolve. Always with the aim of bringing โ€œmore possibilities to customersโ€.

โ€œThe travel industry and the world of the new Web3 are coming together to offer a much more flexible experience for travellers, while generating new sources of revenue and a significant reduction in transactional costs for airlines. ยป

TravelX Company Statement.

Flybondi prides itself on being a pioneer in the field. She thinks that many companies will follow her in the near future. What we hope for, so do we.

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