XDB CHAIN Announces CoinbarPay Integration on Utravel, Ushering in New Crypto Use Cases for the Travel Industry
LONDON, UK, October 23rd, 2024, Chainwire
XDB CHAIN, a leading blockchain platform focused on digital assets and crypto payments, is thrilled to announce that its groundbreaking partnership between Utravel and CoinbarPay is now live. Consumers can immediately book their travel tickets using cryptocurrency, marking a major milestone in the evolution of digital payments within the travel industry.
Following the agreement established in April, Utravel—a travel brand designed for young explorers—has adopted CoinbarPay as its cryptocurrency payment solution. This integration allows users to enjoy seamless transactions while benefiting from the flexibility and security that cryptocurrencies provide. Travelers can now use popular digital assets like Bitcoin, as well as CoinbarPay’s native token CBPAY and XDB CHAIN’s XDB coin, to pay for their trips, making the booking process faster, more efficient, and more accessible for a tech-savvy, global audience.
On top of this exciting integration, crypto consumers using CoinbarPay’s native CBPAY token will benefit from an exclusive 10% crypto back on every transaction. This incentive enhances the value of using the CBPAY token for payments, rewarding users for their engagement while driving the adoption of crypto in the travel sector.
This is just the beginning for a TravelTech company that is introducing Web3-based interactions with its customer base. More value-driven and UX-focused initiatives are under development, blazing a trail in the travel industry’s dynamic evolution. Utravel aims to lead one of the key streams of crypto mass adoption in the real world, setting new standards for digital transactions in travel.
The CoinbarPay system guarantees fast and secure payments, enhancing the overall travel experience for Utravel’s growing community. By combining Utravel’s thriving platform—serving over 25,000 travelers—with CoinbarPay’s extensive network of over 170 million crypto users, this partnership is poised to drive both user engagement and cryptocurrency adoption within the travel sector. This milestone signals the start of a new era, where digital currencies become a natural part of the travel ecosystem.
About Utravel
Utravel, the leading TravelTech company of Alpitour Group, is the go-to travel brand for young adventurers seeking to explore the world. Offering authentic, safe travel experiences in over 30 destinations, Utravel now serves more than 25,000 travelers and has an engaged online community of over 200,000 members.
About Coinbar
Coinbar is Italy’s leading platform for cryptocurrency payments, offering secure and innovative solutions for virtual currency transactions. Through the integration of blockchain technology, Coinbar provides fast, reliable, and user-friendly payment options across various sectors, including travel.
About XDB CHAIN
XDB CHAIN is an open-source blockchain platform revolutionizing how brands and consumers interact in the digital age. With support for advanced smart contracts, XDB CHAIN offers innovative tokenomics, including branded tokens (BCOs) and a dynamic token burn mechanism tied to real-world on-chain value creation. This fosters meaningful use cases and drives adoption of the platform. GameFi-ready, XDB CHAIN enables brands to connect with audiences through community-driven rewards and gaming incentives.