Binance and Alternative Airlines join forces to enable bookings for 600 airlines with Dogecoin, XRP, and other cryptocurrencies
Binance Pay, the payment service offered by Binance Exchange, has announced its support for Dogecoin (DOGE), XRP, and other digital currencies. Users can now utilize these cryptocurrencies to make payments for approximately 600 airlines worldwide, expanding the range of payment options available for travelers.
Offering Details:
Binance’s collaboration with Alternative Airlines, an online flight booking platform, facilitated the new offering. Alternative Airlines supports bookings for over 600 airlines and enables payments with over 70 different cryptocurrencies.
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
In addition, the collaboration will include a 3% discount on all bookings, with a cap of $500, applicable to all users. Binance exchange is taking a leading position in promoting the practical use of cryptocurrencies beyond typical trading activities on exchanges.
The partnership between Binance and Alternative Airlines will also encompass support for additional digital currencies such as Cardano (ADA), Cosmos (ATOM), Avalanche (AVAX), Bitcoin Cash (BCH), Binance Coin (BNB), Bitcoin (BTC), and Polygon (MATIC), among others. This broadens the range of cryptocurrencies that can be used for flight bookings, further enhancing the payment options available to users.
Notably, the support for digital currencies extends to those that were classified as investment securities by the United States Securities and Exchange Commission (SEC), highlighting that business operations are proceeding as usual. The offering includes a specific set of terms and conditions, and Binance has emphasized its ability to cancel the promotion at any given time.
Boosting Crypto Usability:
Cryptocurrencies are rapidly transitioning from a budding asset class to a crucial means of survival for many individuals. In recent years, we have witnessed the deliberate incorporation of select cryptocurrencies into payment platforms such as BitPay, offering people an alternative method to carry out transactions.
The widespread adoption of cryptocurrencies and their underlying technology highlights one of the primary arguments put forth by Ripple Labs Inc in its dispute with the SEC. The SEC alleged that the blockchain payments company conducted the sale of XRP as an investment contract, but Ripple argues that the increasing utility of cryptocurrencies contradicts this claim.
Distinguishing between utility tokens and others may pose challenges, but the expanded capabilities of coins held on Binance provide a substantial boost. This enhancement has the potential to attract and facilitate the onboarding of more individuals into the blockchain ecosystem, fostering broader adoption and engagement.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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