Blockchain Travel Payments
- Using BlockChain technology, for Swissbloc solution could disrupt the travel payments space.
- By providing a BlockChain settlement system to OTA's and wholesalers which will speed up the settlement process and making far more efficient and cost effective.
- The system would be linked to a bank account at the OTA's end and at the travel service providers (hotel or airline) end.
- A token would be passed between the two entities (rather than a VCC) to initiate settlement of the transaction
- Cost per txn will be substantially less than traditional payment options
- This system could have an industry wide adoption much the same way the Virtual Credit Card has.