TravelbyBit, an online travel agency that provides booking services for people using cryptocurrency, is teaming up with leading digital asset exchange Binance to launch a crypto-backed travel rewards card.
According to the announcement, the TravelbyBit Travel Card can be used to facilitate digital currency payments on large travel websites. It works just like a regular prepaid debit card and also provides access to exclusive travel discounts and packages.
Users can top-up their rewards cards with several major cryptos including Bitcoin (BTC), Binance USD (BUSD), Binance Coin (BNB) and Ontology (ONT).
The travel card may be used to pay for flights and make hotel reservations via widely-used online travel websites including Agoda, Booking.com, Ctrip, Expedia and TravelbyBit.com.
Scheduled to launch early next year, the card will initially roll out to travelers visiting Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Australia and Europe.
TravelbyBit is offering early access and plans to expand its operations to other locations throughout the world.