March 28, 2024

Ticket 3.0: Argentinean airline Flybondi launches NFT tickets

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Ticket 3.0: Argentinean airline Flybondi launches NFT tickets

Argentine low-cost airlineFlybondi launched the Ticket 3.0 project (Ticket 3.0), within which it began issuing its tickets in the form of non-fungible tokens (NFT).

NFT ticketing technology on blockchainAlgorand allows passengers to exchange, transfer or sell their tickets. This was made possible thanks to a blockchain-based solution developed by Travelx.

“With the launch of this project, we strivemake a positive impact on the aviation industry through innovation and the use of blockchain. Our goal is to develop and offer our passengers a new stage of freedom of flight,” said Flybondi CEO Mauricio Sana.

Flybondi said the NFT ticket “offersa more flexible travel experience that allows passengers to purchase tickets in advance without having to determine their travel plans.” In turn, the airline can reduce customer service costs and increase its revenue from merchant commissions.

Tickets can be paid for in USDC via paymentBinance Pay service. In the future, the list of stablecoins will increase to expand the payment capabilities of Flybondi clients. The airline hopes its experiments with NFTs will be successful and other companies will follow suit.

Flybondi announced its plans back in September2022. In May 2022, Dubai airline Emirates reported interest in collectible tokens and even began accepting Bitcoin as payment. A few years ago, another company, Etihad Airways, began using blockchain to more efficiently manage data and transparently track baggage without involving third-party operators.