April 25, 2024

Binance and TravelbyBit will issue a cryptocurrency card to pay for hotels and flights

Cryptocurrency exchange Binance has entered into a partnership with Australian platform TravelbyBit, which providesthe possibility of booking hotels and airline tickets for cryptocurrency.

According to a post on Twitter, the companies plan to jointly develop and issue a cryptocurrency debit card.

“Binance, together with TravelbyBit, will launch a travel map that will support BTC, BUSD, BNB and ONT. With its help it will be possible to book airline tickets and hotel rooms around the world. ”

In addition, a debit card will providevarious rewards and discounts. Issue of the card is planned next year in the countries of the Association of Southeast Asian Nations, Australia and Europe. Later, the list of countries will gradually increase. TravelbyBit CEO Caleb Yeoh noted:

“Many companies accepting as paymentcryptocurrency, charge large enough commissions for this feature. This creates certain problems for the adoption of digital assets. We want to make this asset class affordable. We are pleased to cooperate with Binance and are ready to provide the opportunity to make payments in cryptocurrency to travelers around the world. ”