Binance-backed TravelbyBit launches beta app to allow cryptocurrency payments for hotel, flight bookings

July 9, 2019
Share this Post: 

TravelByBit, a company that enables its users to book hotels and flights via cryptocurrencies, has launched the beta version of its app.

Users of the Binance Chain-backed platform can now use Bitcoin (BTC), Litecoin (LTC), and Binance Coin (BNB) to book more than 1 million flights and hotels.

The collaboration between the two firms was first announced last October 2018, after Binance invested $2.5 million in the Australian startup to help scale up operations and create more jobs in Queensland. As previously reported, Binance and TravelbyBit aim to introduce a global point-of-sale (POS) payment system by introducing blockchain technology into major airports globally.

In a December blog post, TravelbyBit CEO Caleb Yeoh described the partnership of the two firms as a “good fit.”

Crypto is a social movement and Binance has allowed us to keep TravelbyBit focused on the community,” Yeoh said. “I believe that protecting privacy is the key to a free and democratic society, and CZ believes increasing freedom makes the world a better place. This brings our organizations into close alignment.

Just recently, bitcoin rewards shopping platform Lolli has formed a new partnership with major booking service Hotels.com, which aims to see global travelers earn up to 3.5% bitcoin back from purchases made on the Lolli website.

Read more here.

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

899 Limited Tickets

July 9, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 181374380
FangDD Withdraws $35 Million Patent Purchase Agreement

The publicly listed Chinese real estate marketplace operator FangDD has withdrawn a patent purchase agreement worth $35 million after failing...

Read More
Bienici Recruitment 1
Bien'Ici Boss Lays Out 2025 Ambitions in Intriguing Interview

Bien'Ici boss Cyril Janin has come out swinging in an interview with the French media, saying the portal's ambition is...

Read More
Shutterstock 372820669 2
Lifull Spins Off Overseas 'Connect' Business as FazWaz Takes over

The Japanese real estate marketplace operator, Lifull has transferred control of its 'Overseas' business to Connect Next, an entity controlled...

Read More
Copy Of Product Update 2025 1 3
Product and Services Roundup: Zoopla, Rightmove, Jitty, CaixaBank, KE Holdings

This week's Product Roundup starts in the United Kingdom, where the two biggest portals have both added useful data to...

Read More

Editor's Pick