Sun 25 Sep 2022 ▪ 10:00 am ▪
min read – by
Flybondi, Argentina’s discount airline, has announced that it will now integrate non-fungible tokens (NFT) in its ticket office. By introducing non-fungible tokens into its business operations, the company wants to expand its options and give more flexibility to its customer base. Users will therefore have the option of selling or transferring NFTs to other travelers within a specific time frame.
Flybondi integrates NFT tickets into its business strategy
NFT travel tickets are seen as the future of ticketing. If they are so successful at the moment, it is because they create a unique link between travel companies and their customers. Moreover, they generate the engagement and interest of a new type of travelers, thus generating an additional source of income. It is all these advantages that further encourage airlines to invest in non-fungible tokens. The latest is Flybondi, an Argentinian company renowned for its affordable prices. Indeed, she decided that she was now going issue tickets in NFT. A commercial operation that will certainly allow it to expand the possibilities offered to its customers.
To carry out this project, she requested the services of Travelx, a structure working in technological development. Travelx will build the solution that will allow customers to make transactions using blockchain technology. Users will be able to transfer, exchange or sell tickets by changing names up to 3 days before the flight.
The collaboration between Flybondi and Travelx will also allow travelers to purchase tickets on Binance Pay with some cryptos. Currently, only USDC is supported, but Travelx promises to include several other stablecoins in the future, to increase user options. As you will have understood, NFT tickets allow travelers to plan their trips well in advance. They can thus take advantage of the best prices without any risk or delay.
The market for non-fungible tokens is on the rise
Enter the web technology 3 and NFTs to commercial projects will drive new markets. For Travelx, the inclusion of these new technologies propels customers into a new stage “where the travel industry and the new web3 world come together to offer a much more flexible experience for travellers, while generating new sources of revenue and a significant reduction in transaction costs for airlines. “.
It must be recognized that very few companies are currently investing in NFT ticketing. Flybondi is one of the very first to offer tickets in non-fungible tokens. She knows that many structures will soon follow suit if her results are conclusive.
The NFT-based business operations have become much more democratized in 2022. Institutions such as the European Union use NFTs for security needs. Because, with the technological innovations of the blockchain, it will be easier to protect intellectual property by fighting against counterfeiting.
According to a recent report by analytics firm Grand View Research, non-fungible tokens are still far from their real potential. This same report states that by 2030, the NFT industry could reach up to $200 billion..
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Doctoral student in financial law and experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.
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Crypto: Flybondi airline innovates with rather special tickets
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