Singapore Airlines Launches Blockchain Digital Wallet ‘KrisPay’ for Travelers

Singapore Airlines, one of the world’s leading and best-rated airline operators, has launched KrisPay – a digital blockchain wallet that allows frequent fliers to convert airmiles into digital currency.

Announced on Tuesday, the digital wallet app will be accessible for users of the airline’s ‘KrisFlyer’ frequent flyer program and will use blockchain technology to enable travelers to spend their air miles at retail establishments, hotels, petrol stations and other partner merchants in the island nation.

As reported previously in February, SIA will use its own private blockchain developed with technology partner Microsoft. The airline operator completed a successful proof-of-concept trail of the application in KPMG’s Digital Village in Singapore.

Available as an app on both Apple and Android platforms, SIA has laid claim to KrisPay being ‘the world’s first blockchain-based airline loyalty digital wallet.’

Singapore Airlines CEO Goh Choon Phong stated:

“By creating a miles-based digital wallet which integrates the use of miles into their daily lives, KrisFlyer members have yet another way to use miles instantly on everyday transactions.”

The blockchain-based digital wallet will allow members enable transactions ‘using as little as 15 KrisPay miles (equivalent to about S$0.10) to pay for their purchases at partner merchants, either partially or in full’, the announcement added.

Singapore’s national airline has roped in 18 merchants including retailers, restaurants and fuel stations who will accept KrisPay miles at launch.

Other endeavors in the global airline industry has seen Brisbane International Airport accepting cryptocurrencies like bitcoin at retail establishments within its terminals. German airline giant Lufthansa has invested and is partnering Swiss blockchain startup Winding Tree to use a decentralized and public Ethereum blockchain to build travel applications. Air New Zealand has followed suit in partnering Winding Tree toward developing a B2B marketplace on a public Ethereum blockchain.

Featured image from Shutterstock.

Follow us on Telegram or subscribe to our newsletter here.
Join CCN’s crypto community for $9.99 per month, click here.
Want exclusive analysis and crypto insights from Click here.
Open Positions at CCN: Full Time and Part Time Journalists Wanted.


Source link

Related posts

19 Thoughts to “Singapore Airlines Launches Blockchain Digital Wallet ‘KrisPay’ for Travelers”

  1. Eve Lombardi

    I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  2. 醫學美容-功能性-素食-cosmetic-wiki

    [血拼] 手滑不停的春品購物清單。韓貨篇 ❤ @ ❤ Bonjour.Amanda 愛曼達購物。旅遊日誌♫ :: 痞客邦 :: [血拼] 手滑不停的春品購物清單。韓貨篇 ❤ @ ❤ Bonjour.Amanda 愛曼達購物。旅遊日誌♫ :: 痞客邦 ::

  3. 醫學美容-紅酒-熱灸帶-cosmetic-wiki

    夏日防曬必備ALLIE佳麗寶EX UV高效防曬水凝乳♡使用分享 @ 潮流、美妝、消費 創造個人化風格的女性社群 PIXstyleMe 夏日防曬必備ALLIE佳麗寶EX UV高效防曬水凝乳♡使用分享

  4. Football Solutions Under-19 - Andrew Hjulsager

    Their victory against Yeovil in the last round sent shockwaves through the game. Win against Villa, and they’d face Manchester City. See the clash unfold LIVE via Facebook with Sportsmail. WATCH: Aston Villa Under 18s vs Broxbourne Borough Under 18s – FA Youth Cup fifth round LIVE

  5. Football Solutions Eintracht back in the big time - News

    The Manchester United forward uploaded photographs on Instagram that showed him working up a sweat less than 24 hours after Romelu Lukaku and Nemanja Matic helped United reach the last-four. Alexis Sanchez works out in the gym as Jesse Lingard calls on Manchester United to focus on the positives after FA Cup win over Brighton

  6. UEFA EURO 1988 - History - Finland-Czechoslovakia

    Jose Mourinho is facing claims that he is losing control at Chelsea with reports also suggesting an unflattering nickname is being used to refer to the manager by several first-team players. Chelsea stars ‘using derogatory nickname’ to refer to Jose Mourinho as Blues boss struggles to keep control of dressing room

  7. fake rolex pearlmaster

    … [Trackback]

    […] Read More Information here to that Topic: […]

  8. ให้เช่าตู้ล่าม

    … [Trackback]

    […] There you can find 815 additional Info to that Topic: […]

  9. 마나토끼

    … [Trackback]

    […] Information on that Topic: […]

  10. คาสิโนออนไลน์เว็บตรง

    … [Trackback]

    […] Find More Info here to that Topic: […]

  11. this post

    … [Trackback]

    […] There you can find 5500 more Info to that Topic: […]

  12. rocks no salt mommy

    … [Trackback]

    […] Read More to that Topic: […]

  13. 테니스 서브 핫테TV

    … [Trackback]

    […] Read More to that Topic: […]

  14. buy golden teacher mushroom online qatar,

    … [Trackback]

    […] There you can find 52351 more Info to that Topic: […]

  15. buy magic mushrooms legal in dc

    … [Trackback]

    […] Information on that Topic: […]

  16. sbobet

    … [Trackback]

    […] Find More to that Topic: […]

  17. DevOps solutions provider

    … [Trackback]

    […] Read More on on that Topic: […]

  18. buying followers

    … [Trackback]

    […] Find More to that Topic: […]

  19. passive income

    … [Trackback]

    […] Find More Info here on that Topic: […]

Leave a Comment