Travel Giant Webjet (WEB:ASX) Enters Crypto through an Unprecedented $4.1M De...
Australia-based superbrand Webjet recognizes the value potential of the blockchain startup LockTrip and joins its mission by securing the rights for up to a 51% stake in what is a unique deal for the blockchain space. Summary of Article Travel Industry Leader Webjet Limited to invest up to $8.3M into LockTrip Managing Director of Webjet group himself, John Guscic and Director of Corporate Development, Lynne Oldfield to join LockTrip’s Board Webjet to Integrate the LockTrip.com Marketplace and the LOC economy into their OTA (Online Travel Agency) Websites in Australia and New Zealand....
Related News
The Australian-based online travel service Webjet provides customers with airline tickets, car rentals, and insurance packages. Recently the company announced a partnership with Microsoft that aims to provide a blockchain solution to improve the travel industry. Webjet & Microsoft Build Blockchain Proof-of-Concept. The travel company Webjet revealed....
Webjet has become the first Australian online travel agency to offer bitcoin as a payment method. The company has partnered with Sydney-based bitcoin startup BitPOS to enable customers to complete digital currency transactions through its Webjet Exclusives website. Paul Ryan, CEO of Webjet Exclusives, said: It's an innovative addition to the existing payment options available on site. We are dedicated to providing our customers with a wide range of choice and flexibility in how they can purchase their travel deals." "In this particular case we are excited to extend this payment option to....
Microsoft is projecting that a blockchain proof-of-concept developed with Australian travel agency Webjet will move to the pilot stage in 2017. Speaking at CoinDesk's annual developer conference, Construct 2017, Microsoft senior software development engineer Cale Teeter and technical architect Eric Maino said that they expect the project, which aims to facilitate travel bookings via a blockchain-based system, will attain its new development status within the coming months. "Webjet wanted to see, instead of everyone running their own proprietary systems, a system that connects....
A hotel bookings company based in Australia has developed a blockchain proof-of-concept in partnership with Microsoft. Using the tech giant’s Microsoft Azure platform as a basis, Webjet created what it described as a platform “to create shared, independent and trustworthy documents”. The company is live testing its blockchain solution across several of the Web-based services it operates, with an eye to expand over the next year. According to the Australian Financial Review, the trials began six months ago. The launch is notable given that Webjet began accepting bitcoin as a payment option....
Online traveling company Webjet recently introduced Bitcoin payments to its platform, a step that made it the first travelling planner in Australia ever to accept a cryptocurrency. Alongside the announcement, Webjet also partnered with the local Bitcoin payment processing company BitPOS to trade and settle digital currency transactions in real time. The partnership also reflected that, like any other company, Webjet have no plans to hold or trade Bitcoins in future. The company's CEO Paul Ryan however acknowledged Bitcoin as an "innovative addition" to their travelling website. "We are....