April 3, 2023

Argentinian Airline Offers Tickets as NFTs

Argentinian Airline Offers Tickets as NFTs Featured Image

Flybondi

Flybondi, an Argentinian low-cost airline, became the first air passenger carrier to launch its tickets in the form of NFTs.

In an announcement on its website, Flybondi said the move is part of an initiative called “Ticket 3.0” for passengers willing to fly to domestic destinations, according to Cryptopotato.

Following its existing partnership with TravelX, the Argentinian airlines announced that each purchased ticket will be turned into an NFT on the Algorand blockchain. Flybondi, through its initiative, tried to overcome obstacles related to changing the ownership of tickets. Through Ticket 3.0, passengers can change the pass, give it away, or transfer it to another person.

Commenting on the announcement, CEO of Flybondi Mauricio Sana said Ticket 3.0 allowed the company’s passengers to have greater flexibility to control their flights through the application of blockchain technology.

“With Ticket 3.0, our passengers will have greater flexibility and control over their trips because they will be able to transfer, rename or give away their tickets in a simple and autonomous way. With this launch, we seek to generate a positive impact in the aviation industry through innovation and the application of blockchain technology. Changing the rules of the game is never easy, but we know that it is our objective to evolve and offer our passengers a new stage of the freedom to fly,” Sana noted.

Web3 technology is not something new for the global aviation industry. Dubai’s Emirates released NFTs and immersive experiences in the metaverse for its clients and employees last year.

Also, Vueling, a Spanish low-cost airline, announced it will accept cryptocurrencies as a method of payment for its services by the second half of 2023. The cryptocurrencies include Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), and more.

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