- Binance, through its Binance Pay service, now allows users to book flights with about 600 airlines using Dogecoin, XRP, and other digital currencies.
- This milestone is achieved through a collaboration with Alternative Airlines, who also offer a 3% discount capped at $500 on all bookings.
In a groundbreaking collaboration, Binance, a leading cryptocurrency exchange, and Alternative Airlines have unveiled a new service that significantly boosts the usability of cryptocurrencies. With this revolutionary integration, travelers can now use their Dogecoin (DOGE), XRP, and other digital currencies supported by Binance to book flights on approximately 600 airlines across the globe.
Book your next vacation using crypto and save while you're at it!
We've partnered with Alternative Airlines to give you a 3% discount on flight bookings, when paid for using #Binance Pay.
Find out more 👇
— Binance (@binance) June 30, 2023
This impressive development stems from Binance’s progressive partnership with Alternative Airlines, an innovative online flight booking platform that already accepts payment with over 70 different cryptocurrencies and supports a plethora of airlines. The partnership not only provides a pioneering payment method but also sweetens the deal with a 3% discount on all bookings, capped at a generous $500.
Binance, continuing its ambitious endeavor to lead the charge in promoting the utility of cryptocurrencies beyond traditional trading, is introducing support for a variety of digital currencies. This roster includes, but is not limited to, Cardano (ADA), Cosmos (ATOM), Avalanche (AVAX), Bitcoin Cash (BCH), Binance Coin (BNB), Bitcoin (BTC), and Polygon (MATIC).
Interestingly, Binance extends this support even to digital currencies that the United States Securities and Exchange Commission (SEC) has labeled as investment securities. The company stated that they reserve the right to withdraw the promotion at any time and will conduct the offering under defined terms and conditions.
This move signifies an important stride in cryptocurrency progression. Cryptocurrencies have gradually shifted from a burgeoning asset class to a practical financial tool that an increasing number of people depend on. The integration of cryptocurrencies into payment platforms like BitPay showcases an alternative and efficient way for users to perform transactions.
The expansion of cryptocurrency utility bolsters one of Ripple Labs Inc’s primary arguments against the SEC’s accusation that the blockchain payments firm sold XRP as an investment contract. While distinguishing between utility tokens and non-utility ones can be challenging, the enhanced capabilities provided by Binance certainly contribute to the growth and adoption of the blockchain ecosystem.