Binance embarks on a new challenge for Blockchain operations in the travel and tourism sector in partnership with TravelbyBit, an Australian start-up of a decentralized network focused on travel. The new platform challenge will focus on cryptocurrency payment systems installed in many airports. $ 2.5 million will be invested to complete this project.
TravelbyBit and Binance
Binance is certainly the most famous cryptocurrency stock exchange and one of the most powerful platforms of its generation. With this partnership, she once again evokes her intention to democratize the Blockchain in all sectors , and does not hesitate to launch new innovative projects. The tourism and travel sector is a promising springboard for Binance in the context of the $ 2.5 million that Binance invested in TravelbyBit.
The Blockchain is adapted to the homeless because the decentralization was created to eliminate the intermediation (disintermediation) caused by the distance, the nationality or even the financial system. For this purpose, the managing director of Binance declares:
"A real-world use case, when you need it, is essential for future adoption of cryptocurrency. In this perspective there is no better fit than being able to use your token when you travel, just after landing in a foreign country, where you may not have the local currency. "
Airports as targets
Focused on travel, and more specifically towards airports, TravelbyBit's goal is based on a cryptocurrency payment system, regardless of location. Caleb Yeoh, CEO of TravelbyBit explains the rationality of this process according to the needs of the traveler. He assures :"Imagine that you are traveling with several stops and only one currency is needed. Also, the implementation of this kind of service in the airports of the world would facilitate the task for all the homeless especially as the risks of extortion or theft are reduced. "https://twitter.com/TravelbyBit/status/1047358785868558338
In addition, the partnership project is huge because Binance has injected $ 2.5 million into TravelbyBit. The first payment service will therefore be allocated to the Brisbane airport where users will be able to pay, sell or exchange cryptocurrency, including the Binance Coin (BNB). After some familiarization, the project will move to other airports around the world to fully democratize the service, to the delight of all travelers.
What do you think about this partnership between Binance and TravebyBit? Is this sum large enough to launch such a project? React in the comments section.
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