- Hedera’s blockchain allows Xeni’s white-label solution to democratize online trip booking for businesses.
- Travel sector payments are instant, transparent, and efficient with XeniPay’s decentralized settlement system.
A revolutionary white-label solution from XeniTravel is about to revolutionize the online travel booking industry. Hedera’s cutting-edge blockchain technology powers the XeniTravel platform, known as the “Shopify of the travel industry.”
This cutting-edge platform is made to address and go past all of the obstacles that have in the past kept companies from successfully offering travel services online.
Leveraging @Hedera, the @XeniTravel whitelabel solution is the Shopify of the travel industry ✈️
By solving complex payment and data issues in travel, Xeni enables any travel reseller, influencer, or event organizer to launch their own booking engine 🧵 pic.twitter.com/GeexJBTa6g
— HBAR Foundation (@HBAR_foundation) April 2, 2024
Getting Past Industry Obstacles
The president and co-founder of Xeni, Rachel Obenshain, outlines the enormous obstacles that have beset the internet travel industry.
In her opinion, everything from the technological difficulties of creating a dependable booking engine to the exorbitant costs and difficulties of obtaining wholesale pricing and managing payment settlements has discouraged many would-be market entrants. Sachin Narode, CEO and Founder of XENI, stated:
“Xeni is disrupting the online travel industry with unprecedented levels of usability, security, and scalability thanks to the Hedera network, which provides the backbone for our platform, enabling us to build trust and foster seamless transactions for our subscribers, their customers, and vendors worldwide.”
So, the goal of Xeni is very clear: to democratize the online travel business by making it more equal and accessible to a wider range of users. Xeni wants to level the playing field by making it easier for more companies to enter the lucrative travel industry by streamlining these procedures.
Xeni’s platform gives event planners, influencers, and travel resellers the ability to start their own custom online booking engines.
The service provides instant access to a large inventory of travel-related goods and services at affordable wholesale prices for subscribers. Thanks to this turnkey solution, businesses of any size can effectively sell travel to customers.
Using Hedera for Automation and Efficiency
A dedication to efficiency and automation lies at the heart of Xeni’s service. Xeni’s software leverages the Hedera network to automate crucial operational facets of online travel platforms, such as vendor payouts and commission payments.
Of course, this automation includes Xeni’s transparent processing of every transaction, guaranteeing mutual understanding and confidence across all stakeholders.
Hedera’s blockchain technology integration makes transactions almost instantaneous, which is a significant benefit in the quick-paced travel sector.
In addition, every fee in the Xeni ecosystem is dollar-pegged, guaranteeing consistency and cost-effectiveness, two important aspects for companies looking to grow. To explore more details about this development, you can watch the following YouTube video:
XeniPay: A Payment and Settlement Solution
Xeni has launched XeniPay to address one of the biggest issues facing the online travel industry: clumsy and unreliable payment and settlement procedures. This decentralized accounting and payment solution makes use of Hedera services such as tokens, consensus, and smart contracts.
XeniPay tokenizes payments—whether they are made with cryptocurrency or fiat—to enable safe and open network transactions. This creative method guarantees that everyone concerned receives their just recompense on time and precisely, while also streamlining the payment procedure.
According to previous ETHNews reports, Hedera’s partnership with the UK College of Business and Computing (UKCBC) represented a significant step towards fostering Web3 innovation and growth and improving the ecosystem for entrepreneurs and emerging technologies.
Looking at the performance of Hedera’s native token, HBAR, its value has risen 1.73% in the previous 24 hours to $0.1069. This increased its market capitalization to more than $3.6 billion.