The news regarding the Argentine low cost airline is trending in the last hours, as it is another airline that joins the sale of tickets in NFT format, thanks to its alliance with TravelX.
Before going into more details, it is worth mentioning that Flybondi is not one of the first companies to join the trend of selling NFTickets, as we have reported a few days ago from NFTexpress in the respective noteIn this article, Air Europa was linked to TravelX and Algorand, the latter being in charge of the integration of the blockchain technology.
For the sake of brevity and practicality, Air Europa was recently honored at the FTE Pionner Awards 2022 for becoming the first airline to issue tickets in NFT format, with the so-called NFTickets.
As of September 21, 2022, users interested in purchasing the NFTickets offered by Flybondi will be able to purchase them by logging into the platform, and thus obtain their virtual tickets.
Users will be able to obtain tokenized tickets through the Binance Pay cryptocurrency payment technology offered by Binance, one of the most active exchanges in the world. At the moment, it is the only means of payment through which NFTickets can be accessed.
But on the other hand, the company TravelX has stated that it is working on adding traditional payment methods, such as credit and debit cards, as well as offering the possibility of paying with virtual wallets, in the near future.
Through the Binance Pay payment method, tokenized tickets can be paid through various cryptocurrencies, such as bitcoin, ether, or stablecoins such as USDC, being another of Flybondi’s main objectives to join the trend of accepting cryptocurrencies as a new payment method….
In addition to the novelty of tokenizing tickets and payment with cryptocurrencies, there are a series of benefits for tourists, such as the possibility of transferring or selling their ticket in NFT format; something completely new, since it is difficult to do with traditional airline tickets. Another very positive feature is that it will not be necessary to go to the company or contact any of its employees to make the transfer.
Juan Pablo Lafosse, CEO and co-founder of TravelX, said that an NFTicket allows whoever buys the tokenized ticket to fully own it and do whatever they want with it. The owner of the NFTicket will be able to transfer it, sell it, give it away, something that could not be done until today.
This possibility of transferring the ticket can be done up to 3 days before the departure date of the flight. Thanks to this possibility of transferring the ticket, passengers will be able to recover the money they spent, or even earn money, in case the fare has increased its value. However, it is said that the company will charge 50% for the excess of the price at which the ticket was resold, in a similar way to what happens with royalties on works of art.
On the other hand, as a benefit for the airlines, this type of service will allow them to reduce costs at an international level, as well as streamline processes and attract new customers.
As we have announced in previous notes, TravelX has already sold tokenized tickets in the past, such as in April when it partnered with the airline Air Europa to sell the first NFTicket. That first ticket sold for over $1 million.
This NFTicket was launched with the collaboration of artist Carlos Betancourt, which in addition to its main objective, provided additional benefits, such as access to unique experiences during Miami Art Week.
Written by Luciano Garriga (TW:@luchogarriga) for NFT Express