Flybondi, an Argentina-based low-cost airline, has taken a unique initiative by offering flight tickets in the form of non-fungible tokens (NFTs), becoming the first of its kind in the industry. This initiative, called Ticket 3.0, is currently available for domestic destinations.
Flybondi has partnered with TravelX to issue each purchased ticket as an NFT on the Algorand blockchain. The integration is an expansion of an existing partnership. The Ticket 3.0 will allow customers to change the name on the pass, give it away, or transfer it to another person effortlessly, removing the normal barriers that come with such actions.
“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,” said CEO Mauricio Sana.
Flybondi’s aim is to use blockchain technology to innovate and generate a positive impact on the aviation industry by changing the norms,” he added.
Flybondi hopes to revive the tourism sector, which has been hit severely by COVID-19 pandemic, by offering a new level of freedom to fly.
Crypto and Airlines
Flybondi is not the only airline to experiment with cryptocurrency. Dubai’s Emirates has launched NFTs for its clients and employees and planned to embrace Bitcoin as a payment method. Vueling, Spain’s major airline, has also teamed up with BitPay to enable crypto settlements, including Bitcoin, Ether, and Dogecoin, among others. BitPay believes that cryptocurrencies have massive potential and can transform the airline industry by making payments faster, more secure, and less expensive globally.
Founded in 2016, Flybondi operates flights to 13 destinations, including some famous local spots, and began operating flights between Argentina’s capital city and Rio de Janeiro in October 2019.