Cryptocurrency exchange Binance has entered into a partnership with the Australian TravelbyBit platform, which provides an opportunity to book hotels and flights for cryptocurrency.
According to a message posted on Twitter, the companies plan to jointly develop and issue a cryptocurrency debit card.
“Binance together with TravelbyBit will launch a travel card that will support BTC, BUSD, BNB and ONT. You can use it to book flights and hotel rooms around the world.”
In addition, the debit card will provide various rewards and discounts. The map is planned to be released next year in the countries of the Association of Southeast Asian Nations, Australia and Europe. Later, the list of countries will gradually increase. CEO TravelbyBit Caleb Yeo (Caleb Yeoh) said:
“Many companies that accept cryptocurrency as payment charge quite large fees for this function. This creates certain problems for the adoption of digital assets. We want to make this asset class available. We are happy to cooperate with Binance and are ready to provide the opportunity to make payments in cryptocurrency to travelers around the world.”