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Latin American Exchange Lemon Integrates With NFT Marketplace TravelX to Allow Airline Ticket Purchases

Latin American Exchange Lemon Integrates With NFT Marketplace TravelX to Allow Airline Ticket Purchases

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.

Users of Lemon will be able to purchase up to two tickets per person and receive 50% cashback in bitcoin.

Users of Lemon will be able to purchase up to two tickets per person and receive 50% cashback in bitcoin.

AccessTimeIconOct 18, 2022, 8:45 PM
Updated May 9, 2023, 3:59 AM

(Unsplash)

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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.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Marina Lammertyn is a CoinDesk reporter based in Argentina, where she covers the Latin American crypto ecosystem. She holds no crypto.


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