- Algorand-based TravelX has reached the milestone of 1 million passengers.
- TravelX uses NFT-based tickets to provide customers and airlines with better ticketing solutions.
- One of TravelX’s partners is Argentina-based airline Flybondi.
TravelX, a blockchain-based airline ticketing solution provider using the Algorand network, recently announced that it has already served 1 million passengers worldwide.
Milestone achieved: 1 million passengers with TravelX’s #NFTicket! 🚀✈️
We are extremely proud to announce that over a million passengers are already experiencing the #NFTicket technology!
Unique flexibility for travelers and intelligent revenue for airlines.@AlgoFoundation pic.twitter.com/33AyvF8iHd
— TravelX (@travelx__) August 8, 2023
TravelX’s solution is to partner with airlines and issue NFTickets to passengers. As the name suggests, NFTickets are airline tickets that are minted on the blockchain via non-fungible tokens (NFTs).
Using blockchain, NFTicket holders can sell their tickets to anyone using blockchain. This, according to TravelX, solves the problem of customers who change their mind after booking their ticket, as well as those who need to buy a ticket at the last minute for more passenger-friendly fares.
Some of TravelX’s partners are based in South America, while others, such as Globant, have a global presence. TravelX has not provided a list of airline partners on a first look at its website, other than Argentina-based airline Flybondi.
As mentioned above, TravelX uses the Algorand network for its NFT issuance. The company appears to be a close and valued partner within the Algorand ecosystem, as implied by various features.
In other news: Algorand (ALGO) is witnessing a potential bullish continuation after the price pulls back from yesterday’s high. At the time of writing, ALGO is changing hands at $0.114 per coin, according to CoinGecko.