Argentine Budget Airline Flybondi Adopts NFT Technology for Ticketing

Argentine Budget Airline Flybondi Adopts NFT Technology for Ticketing

The Argentine budget airline Flybondi is integrating blockchain technology into its operations. The company has recently announced that it will start issuing tickets as non-fungible tokens (NFTs), broadening the functionality and possibilities for customers. Users will be able to sell or transfer the tokens to other travelers up to three days before the scheduled flight.

Flybondi to Issue NFT Tickets

The trend among companies to include NFTs as part of their business model is becoming increasingly popular due to the perceived benefits and advantages. Flybondi, a budget Argentine airline, has decided to adopt blockchain technology in its operations, announcing it will issue tickets as non-fungible tokens (NFTs), broadening the scope of customers’ usage and options.

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

The alliance has introduced the possibility of purchasing tickets using Binance Pay with stablecoins, including USDC. However, Travelx announced that other stablecoins will be included to provide more possibilities for customers.

Regarding the benefits users may enjoy with the change, Travelx stated:

"This innovation in the industry will allow greater flexibility for travelers who will be able to anticipate their travel plans by accessing better rates without the risks associated with purchasing tickets well in advance."

Web3 Introduces Secondary Markets

The inclusion of Web3 technology 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 travelers 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 that is implementing this kind of functionality and expects others to follow it if this experiment proves successful.

Projects using NFTs as part of their operations have multiplied this year. On September 8, the European Union announced a plan to use NFTs to protect intellectual property and fight forging. In August, a report issued by Grand View Research, a market research company, estimated the NFT market would grow to reach USD 200 billion in 2030.