Binance Partners with TravelByBit

Binance has partnered with TravelByBit, a crypto travel startup firm.

The partnership will facilitate the launch of a crypto card that will enable payments using crypto on prominent travel websites. This is according to an official blog post by Binance on November 28, 2019. According to the announcement, the reward card will work like the conventional prepaid card. The card provides users with discounts to buy cryptos like BTC, BUSD, BNB, and ONT.

Speaking on the partnership, TravelbyBit said: “The new TravelbyBit travel rewards card will function as a traditional prepaid debit card[…]. Users can load their travel cards with BTC, BUSD, BNB, and ONT, which can be used to book flights and hotels”.

The reward card will be available in Q1 of 2020. And it would initially be available to users in Southeast Asia,  Australia, and Europe. However, adding that plans are in place to ensure the card enjoys global usage.

This partnership will enable customers to book flights using popular booking sites like Booking.com, Expedia, Agoda, Ctrip, and TravelByBit.

Global adoption for crypto

The crypto space has had a rough climb to where it is today. Several governments have tried to shut it down but the crypto space keeps trudging on. The world’s largest cryptocurrency exchange, Binance partnership with TravelByBit marks another milestone in the crypto space.

This partnership, however, isn’t the first to enable travelling with cryptocurrency. Just last week, Travala announced a partnership with Booking.com. Users will be able to pay for flight tickets and book hotel rooms using crypto.

This summer, co-founders of Norwegian Air also disclosed plans to launch their own cryptocurrency exchange.

Caleb Yeoh, the CEO of TravelByBit, believes that a major issue facing crypto adoption is high premium. Also adding that this partnership will help eliminate these barriers, thereby facilitating cryptocurrency adoption.

Binance has recently been in the news for all the right reasons. The exchange is also looking to achieve global adoption and expansion. Recently, it acquired WazirX,  a Mumbai based crypto exchange.

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