Latin American Exchange Lemon Integrates With NFT Marketplace TravelX to Allow Airline Ticket Purchases
Users of Lemon will be able to purchase up to two tickets per person and receive 50% cashback in bitcoin.
Latin American crypto exchange Lemon has integrated with TravelX – a tokenized travel products marketplace – to allow its users buy airline tickets, the company announced Tuesday.
TravelX went live in late September offering tickets for low-cost Argentine airline Flybondi that are converted into non-fungible tokens called NFTickets after purchase.
Beginning this month, each Lemon user will be allowed to purchase up to two tickets on TravelX with USDC from their Lemon wallet and receive 50% cash back in bitcoin, with a 100 USDC limit per transaction, the company said.
Prior to this tie-up, users of TravelX were only allowed to buy NFTickets via Binance Pay.
After acquiring an NFTicket, a customer can auction, sell, transfer, gift or exchange it through a peer-to-peer system and register only three days before the flight, TravelX Chief Blockchain Officer Facundo Martin Diaz told CoinDesk last month.
Diaz added that the platform plans to incorporate the inventory of more than 60 airlines – with a special focus on Latin American and European operators – within six to 12 months while it holds conversations to integrate further crypto exchanges.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.