{"id":40778,"date":"2021-09-15T12:28:04","date_gmt":"2021-09-15T11:28:04","guid":{"rendered":"https:\/\/www.cxtoday.com\/?p=40778"},"modified":"2022-05-17T11:16:46","modified_gmt":"2022-05-17T10:16:46","slug":"flycoin-announces-cryptocurrency-travel-rewards-programme","status":"publish","type":"post","link":"https:\/\/www.cxtoday.com\/customer-engagement-platforms\/flycoin-announces-cryptocurrency-travel-rewards-programme\/","title":{"rendered":"FlyCoin Announces Cryptocurrency Travel Rewards Programme"},"content":{"rendered":"<p><span data-contrast=\"auto\">Fintech\u00a0startup\u00a0FlyCoin\u00a0has announced a new\u00a0<\/span><a href=\"https:\/\/www.cxtoday.com\/loyalty\/as-roma-zytara-labs-partner-on-blockchain-experiences\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">blockchain-based<\/span><\/a><span data-contrast=\"auto\">\u00a0travel rewards\u00a0programme.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The\u00a0startup\u00a0is hoping to transform frequent flyer\u00a0programmes by offering cryptocurrency as a reward, leading to improved flexibility in how the customer redeems their rewards.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;The traditional world of travel rewards\u00a0programmes is ripe for change.\u00a0FlyCoin\u00a0will provide consumers with a rewards\u00a0programme\u00a0where the benefits are open and less confined,&#8221; said newly appointed\u00a0<\/span><b><span data-contrast=\"auto\">CEO of\u00a0FlyCoin, Lenny Moon<\/span><\/b><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">&#8220;A cryptocurrency is the medium to reward our loyal customers for\u00a0traveler\u00a0participation, but not force their loyalty by constraining how they choose to redeem those rewards. I am excited to lead\u00a0FlyCoin\u00a0as we help provide a more customer-centric approach to travel rewards\u00a0programmes.&#8221;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">Rather than receiving miles that can only be redeemed on specific airlines,\u00a0FlyCoin\u00a0tokens can be exchanged for free flights or exchanged for other currencies.\u00a0The company said leveraging the democratic and decentralised nature of cryptocurrencies would improve passenger faith in the rewards offered and thus increase loyalty.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">&#8220;Consumers deserve a better rewards point system, and the time is now,&#8221; said\u00a0<\/span><b><span data-contrast=\"auto\">FlyCoin\u00a0founder and chairperson, Josh Jones<\/span><\/b><span data-contrast=\"auto\">. &#8220;Our mission is to empower\u00a0travelers\u00a0with a crypto-backed rewards system. Its open protocol and finite supply of tokens takes power from the airlines and puts it right into users&#8217; wallets. Moon is the perfect person to accelerate our progress in this\u00a0endeavor.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">FlyCoin\u00a0is said to launch with \u201cnumerous partners\u201d in 2022, with airline\u00a0Ravn Alaska currently participating and\u00a0Northern Pacific Airways also signed up\u00a0\u2013 both subsidiaries of FLOAT Alaska LLC alongside\u00a0FlyCoin.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;Moon brings over two decades of experience in start-ups, venture capital, investment banking, and fintech,&#8221; said\u00a0<\/span><b><span data-contrast=\"auto\">Tom Hsieh, president of FLOAT Alaska LLC<\/span><\/b><span data-contrast=\"auto\">. &#8220;He is an astute professional with strategic vision, financial clarity, and extraordinary operational acumen. With such extensive experience and expertise, Moon will accelerate the status quo of travel rewards\u00a0programmes.&#8221;\u00a0\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech\u00a0startup\u00a0FlyCoin\u00a0has announced a new\u00a0blockchain-based\u00a0travel rewards\u00a0programme.\u00a0 The\u00a0startup\u00a0is hoping to transform frequent flyer\u00a0programmes by offering cryptocurrency as a reward, leading to improved flexibility in how the customer redeems their rewards.\u00a0 &#8220;The traditional world of travel rewards\u00a0programmes is ripe for change.\u00a0FlyCoin\u00a0will provide consumers with a rewards\u00a0programme\u00a0where the benefits are open and less confined,&#8221; said newly appointed\u00a0CEO of\u00a0FlyCoin, Lenny [&hellip;]<\/p>\n","protected":false},"author":4058,"featured_media":40779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[61092],"class_list":["post-40778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-engagement-platforms","tag-finance","tag-travel-and-hospitality","brands_to_track-cx-today","editorial_type-interview"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.3.1 (Yoast SEO v25.3.1) - 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