On Thursday the 28th of November 2019, Binance announced a new partnership with travel company TravelByBit to provide crypto-backed travel reward cards in an attempt to further popularize the use of cryptocurrencies such as BTC, BNB, BUSD and ONT at participating travel sizes such as Booking.com, Expedia and many other big names in the travel industry.
TravelByBit reward cards will see users able to load up their cards with cryptocurrencies and use them as they would any other debit card when booking flights and accomodation. Users can currently receive up to 5% back on their purchase in the form of Bitcoin which is a similar model to what we’ve seen from other startups such as Lolli and Purse. If you’re interested in securing your own TravelByBit rewards card, head over to their pre-registration page now. The card will be in the hands of eligible Customers by early 2020.
The travel sector cryptocurrency startups has seen a large increase over the past year as the simplicity of the booking process is slowly decentralized and obscene fees seen on both the Customer and Supplier side in legacy systems are lowered bit by bit. Travala (AVA) recently partnered with Booking.com, enabling customers to book accommodation in over 230 countries and 90,000 destinations using over 20 cryptocurrencies. It seems TravelByBit and Binance may be taking advantage of this recent spotlight on the travel sector to highlight another important development in the space and from our point of view, it’s all friendly, cooperative competition to see this technology disrupt a huge industry.
About Binance – Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of trading volume