Loyalty Wallet App: Singapore airline has decided to launch a Blockchain based Loyalty Wallet App for frequent flyers in August 2018. It is one of the world’s leading airline operators which has planned to enhance further frequent flyers. The application is expected to roll out for customers in about six months. Singapore Airlines is currently roping in retail merchant partners, initially in Singapore, for its blockchain wallet air miles program.
Singapore Airlines (SIA), has announced its plan to launch a loyalty digital wallet based on blockchain technology for its KrisFlyer frequent-flyer program, enabling travelers to easily spend their air miles at retail partners on February 5. The application will help with everyday spending of passengers digital KrisFlyer miles in point-of-sale transactions at participating retail merchants.
Russian airline S7 has already began using the Ethereum blockchain to sell flight tickets last year. Brisbane international airport began accepting cryptocurrencies like bitcoin at retail stores within its terminals. A Polish airline began accepting bitcoin as early as mid-2015 and Peach Aviation became Japan’s first airline to accept the cryptocurrency last year. Air New Zealand confirmed its research into using the public Ethereum blockchain for a number of potential use cases.
But however blockchain technology based cryptocurrencies is facing a low value since mid-January. Even the value of Bitcoin and Ethereum has undergone very low. The price of Bitcoin today according to the coin market cap is below $6,121.35 USD and the value of Ethereum is $579.61 USD which has decreased. Most of the top cryptocurrencies price was decreased in their value over the past week.