Binance holds a number of goals, including increasing the adoption of cryptocurrencies more widely in the world.

Binance recently announced its partnership with TravelbyBit, one of the largest travel booking services based in Australia, which has already converted Brisbane Airport to cryptocurrency, making it the first fully crypto-enabled airport.

The announcement of the partnership was presented to the public yesterday, Thursday, November 28, on Blog Official Binance.

Partnership parties are giants in their field.

As Binance is one of the largest trading platforms in the world, TravelbyBit is the leading travel booking company with full crypto payment support.

Therefore, the common factor between the two companies (cryptocurrencies) makes the partnership very appropriate.

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According to the announcement, the collaboration and partnership between Binance and TravelbyBit aims to launch a travel reward card that supports cryptocurrency.

The success of this invention is expected to increase support for payment via digital tokens on major travel sites.

Users will also be allowed to pre-register a TravelbyBit Travel Card from November 28.

How will the TravelbyBit Rewards Card work

As per the published statement, the new TravelbyBit Rewards Card will be crypto-enabled and will act as a traditional prepaid debit card, with access to deals and discounts.

The partnership will enable travelers to book their flights and hotels on major travel platforms such as:

Expedia, Agoda, TravelbyBit and Ctrip, using travel cards that rely on many cryptocurrencies such as:

Bitcoin, BNB, ONT and BUSD.

Caleb Yeoh, CEO of TravelbyBit pointed out the barrier posed by over-costing on the part of users, but with more companies accepting cryptocurrency payments there will be a mainstream adoption of cryptocurrencies.

He said:

Many companies that accept crypto for their services charge users a high premium, which is a major barrier to adoption…

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TravelbyBit aims to enhance the usability of cryptocurrency by providing incentives to early adopters, in order to increase cryptocurrency adoption opportunities.

He also shared his enthusiasm to work in partnership with Binance to prove the effectiveness of cryptocurrency payments in the world of travel.

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He added explicitly:

At TravelbyBit, we want to make cryptocurrency usable, provide incentives for early adopters, and see crypto adoption.

We are excited to work closely with Binance to bring cryptocurrency payments to travelers around the world.

The report also credits the Travel Rewards Card Project initiative being on the part of TravelbyBit to join forces with Binance’s development team to boost its success.

The Travel Rewards card is scheduled to be issued in early 2020 and will be used first by travelers in Australia and Europe, with an extension to other countries later.

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