Travel service LockTrip will add another 300,000 hotels and 900 airlines to its marketplace by the end of January as it looks to create a blockchain-based travel site. The company is also working on an app that would allow travelers to book their hotel rooms using cryptocurrency. The company's system enables credit cards to connect instantly with its ERC-20 LOC token, allowing customers unfamiliar with cryptocurrency to use a credit card, with the payment automatically exchanged for cryptocurrency. The European start-up has also launched a mobile app and plans to develop a platform supporting Ethereum.
Travel service LockTrip will add another 300,000 hotels and 900 airlines to its marketplace by the end of January as it looks to create a blockchain-based travel site. The platform currently offers accommodation at 100,000 hotels and 1,500 holiday rentals worldwide at what it claims is an average 20% discount. The company's system enables credit cards to connect instantly with its ERC-20 LOC token, allowing customers unfamiliar with cryptocurrency to use a credit card, with the payment automatically exchanged for cryptocurrency. The European start-up has also launched a mobile app and plans to develop a platform supporting Ethereum.