American Express has introduced ‘travel vouchers’ in Ethereum to create a memorial record of travel experiences, as part of the renewed travel app of the company.
The Travel Experience tokens, technically NFTs (ERC 721 -Tokens), are beaten and stored on the basic network of Coinbase, said Colin Marlowe, VP, emerging partnerships at Amex Digital Labs.
The travel vouchers, which can be collected when a traveler uses his card, are not a tradable NTF tokens, explains Marlowe, and they also do not function as a blockchain-based loyalty points-althans for the time being.
“It is a worthless ERC-721, so technically an NFT, but we just didn’t burn it as such. We wanted to talk about it in a way that was of course for the travel experience itself, and so we talk about these things as stamps, and they are represented as tokens,” Marlowe said in an interview.
“As an identification and representation of history, the stamps could create interesting partnership corners over time. We tried not to sell them or to generate some sort of turnouts in the short term. The corner is to feel a travel experience with Amex really rich, really different, and set a bit apart,” he said.
The Amex Travel app also contains a series of tools for travel and Centurion Lounge -Upgrades, the company said.