Binance-backed TravelbyBit launches beta app to allow cryptocurrency payments for hotel, flight bookings

TravelByBit, a company that enables its users to book hotels and flights via cryptocurrencies, has launched the beta version of its app.

Users of the Binance Chain-backed platform can now use Bitcoin (BTC), Litecoin (LTC), and Binance Coin (BNB) to book more than 1 million flights and hotels.

TravelbyBit BETA is live! ????

Book over 1 million flights and hotels using $BTC $BNB $LTC ✈️????

Try out the world's first BEP2-ready BNB payment gateway powered by the @Binance Chain! ⛓️

Sign-up now and book your next adventure at https://t.co/2DlF7QB2MZ????????#Binance #Bitcoin pic.twitter.com/pVGYiBZKBZ

— TravelbyBit (@TravelbyBit) June 4, 2019

The collaboration between the two firms was first announced last October 2018, after Binance invested $2.5 million in the Australian startup to help scale up operations and create more jobs in Queensland. As previously reported, Binance and TravelbyBit aim to introduce a global point-of-sale (POS) payment system by introducing blockchain technology into major airports globally.

In a December blog post, TravelbyBit CEO Caleb Yeoh described the partnership of the two firms as a “good fit.”

“Crypto is a social movement and Binance has allowed us to keep TravelbyBit focused on the community,” Yeoh said. “I believe that protecting privacy is the key to a free and democratic society, and CZ believes increasing freedom makes the world a better place. This brings our organizations into close alignment.”

Just recently, bitcoin rewards shopping platform Lolli has formed a new partnership with major booking service Hotels.com, which aims to see global travelers earn up to 3.5% bitcoin back from purchases made on the Lolli website.