Binance partners with TravelbyBit to introduce crypto-powered debit card

A travel rewards card is being introduced by Binance and Travelbybit.
Users will be able to make crypto payments on supported websites with very low commissions.

Ken Chigbo Independent Analyst

The world’s largest cryptocurrency exchange by traded volume, Binance (BNB), has announced joining forces with TravelbyBit, an innovative, bitcoin-friendly online travel agency.

As part of the cooperaton, the companies will be introducing a crypto-powered travel rewards card. The card will enable travelers to make crypto payments on supported websites with very low commissions, according to a blog post.

As stated in a blog post, the crypto-powered travel rewards card will be supported on a vast array of leading travel sites including Booking.com, Expedia, Agodia and Ctrip, to mention a few.

TravelbyBit CEO commented:

A good number of crypto-friendly businesses charge users a high premium, which poses an insurmountable barrier to adoption. However, TravelbyBit aims to make crypto useable, provide incentives for early adopters, and promote crypto adoption. We are excited to work with Binance to bring crypto payments to travelers around the world.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.