Flybondi has become the first airline to join the Travel.xyz platform and convert all its tickets into tokens. Through its partnership with TravelX, a blockchain-based travel distribution start-up, it now offers NFT (non-fungible token) airline tickets, known as NFTickets.
As of yesterday, 21 September, customers can log on to the platform and get their airline tickets in this way. Users can purchase “tokenised” tickets using Binance Pay cryptocurrency payment technology, the only means available so far. However, TravelX announced that traditional options such as credit and debit cards, as well as other virtual wallets, will be added soon.
The NFTickets
Non-fungible tokens (NFT) represent all kinds of unique real objects. Therefore, they are not identically exchangeable. They are bought and sold online, often with cryptocurrencies. In this case, they are the “tokenisation” of traditional airline tickets, thanks to blockchain technology. For that reason, they represent a decentralised and fast digital alternative for trading tickets.
In other words, it is a digital asset that offers travellers greater flexibility in their bookings. The system implies a disruptive change compared to traditional air ticketing, as the purchaser of a NFTicket can transfer it, resell it at a fixed price, or auction it if unable to travel.
Thus, a person can purchase a ticket offered for sale by an airline, but also one offered by someone who decides not to use it. NFTickets allow the passenger’s name to be reassigned and speed up the process.
“Flybondi’s DNA is to give people the freedom to fly and to achieve this we have always embraced change, innovation and technology”, said Mauricio Sana, the airline’s CEO. “Through this partnership with TravelX, we are once again pioneering innovation and are excited to use blockchain technology to give the greatest freedom to our customers”, he added.
“We are very pleased to announce this partnership, which ushers in a new era of flexibility and freedom for travellers”, said Juan Pablo Lafosse, co-founder and CEO of TravelX. “Flybondi paves the way for a new era in the distribution and marketing of airline tickets as NFTickets, in which we will soon see many other airlines follow suit”, he assured.
See also: Flybondi brings forward the beginning of flights to Florianopolis and increases its frequency
