Dogecoin, XRP Can Now be Used to Book 600 Airlines
Binance Exchange through its Binance Pay service has announced that Dogecoin (DOGE), XRP and other digital currencies supported by the trading platform can now be used to pay for about 600 airlines around the world.
Details on the Offering
As Binance unveiled, the new offering was made possible based on its collaboration with Alternative Airlines, an online flight booking platform that supports over 600 airlines and payments with more than 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
The collaboration will also come with a discount of 3% on all bookings which will be capped at $500 for all users. Binance exchange is now playing a frontline role in promoting the utility of cryptocurrencies beyond the normal trading on exchanges.
Specifically, the Binance and Alternative Airlines collaboration will also extend support to other digital currencies including Cardano (ADA), Cosmos (ATOM), Avalanche (AVAX), Bitcoin Cash (BCH), Binance Coin (BNB), Bitcoin (BTC) and Polygon (MATIC) amongst others.
It is worth noting that the support is also extended to the digital currencies that were labeled by the United States Securities and Exchange Commission (SEC) as investment securities, a show that business is progressing as usual. The offering comes with a set of defined terms and conditions and Binance noted that it can cancel the promotion at any time.
Boosting Crypto Usability
Cryptocurrencies are fast progressing from being a nascent asset class to an asset that many users now rely on for survival. Over the past few years, we have seen the defined integration of specific cryptocurrencies into payment platforms like BitPay where they provide an alternative way for people to conduct transactions.
The utility of cryptocurrencies and its underlying technology is fast becoming widespread and forms one of the core arguments by Ripple Labs Inc against the SEC who claimed the blockchain payments firm offered XRP sale as an investment contract.
While it may be difficult to make out the distinction between a token that is a utility and those that are not, the allowance to do more with coins held on Binance is a significant boost that can attract and help onboard more people into the blockchain ecosystem.
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