The alliance also introduced the possibility of purchasing these tickets using Binance Pay with stablecoins, including USDC at the beginning

More companies are including NFTs as part of their business models due to the perceived benefits and advantages they can bring.

Flybondi, a low-cost Argentine airline, has also decided to use blockchain tech in its operations, announcing it will issue tickets as non-fungible tokens (NFTs), broadening the scope of what customers can do with them.

The solution, which was developed by TravelX, a blockchain tech development company, will allow customers to trade, transfer, and sell the tickets, changing the names of the users up to three days before the flight.

The alliance also introduced the possibility of purchasing these tickets using Binance Pay with stablecoins, including USDC at the beginning. However, TravelX announced that other stablecoins will be included to provide more possibilities to customers.

TravelX is built on the Algorand blockchain and made its infrastructure open so that other companies — such as exchanges or marketplaces — can use TravelX’s APIs to create their own marketplaces.

Within six to 12 months, the platform hopes to incorporate the inventory of more than 60 airlines, with a special focus on Latin American and European operators.

Regarding the benefits users may enjoy with the change, TravelX stated: This innovation in the industry will allow greater flexibility for travellers who will be able to anticipate their travel plans by accessing better rates without the risks associated with purchasing tickets well in advance.

The inclusion of Web3 tech and NFTs in such operations will open secondary markets for customers. About the use of these new technologies, TravelX stated the move brings a new phase ‘where the travel industry and the world of the new web3 come together to provide a much more flexible experience for travellers, while generating new sources of revenue and a strong reduction in transactional costs for airlines.’

According to Flybondi’s statements, the company is one of the pioneer organizations implementing this kind of functionality and expects others to follow if this experiment proves successful.