Binance to Launch Crypto Travel Rewards Card with Startup TravelByBit
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Major cryptocurrency exchange Binance announced that it will launch a rewards card facilitating crypto payments on major travel websites with startup TravelByBit.
Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites.
Per the announcement, the card will function like a traditional prepaid card with access to additional discounts and rewards that users will be able to load with Bitcoin (BTC), Binance USD (BUSD), Binance Coin (BNB) and Ontology (ONT).
The card will be released early next year and will initially target travelers in the Association of Southeast Asian Nations, Australia and Europe, with plans to gradually expand.
Traveling with crypto
The service will reportedly allow its customers to book flights and hotels through major booking sites including Booking.com, Expedia, Agoda, and Ctrip, as well as TravelByBit’s own platform.
TravelByBit is not the first service enabling its users to travel with cryptocurrencies. As Cointelegraph recently reported, crypto booking firm Travala announced that it will now let its customers reserve any hotel that is bookable through Booking.com with cryptocurrency.
Earlier this summer, the co-founders of Scandinavian air carrier Norwegian Air announced plans to launch their own cryptocurrency exchange, which will subsequently facilitate the airline’s acceptance of cryptocurrency payments.