- Enhances liquidity options and boosts blockchain-enabled rewards for cross-border payments.
- Current implementation does not affect ETH, BTC, or other altcoins, focusing exclusively on XRP and Ripple’s RLUSD.
- Projections for ongoing regulatory and technological impacts in cross-border finance hint at broader potential use cases.
Air China’s PhoenixMiles, in partnership with Webus International’s Wetour, launches XRP payment support for airport transfers and car rentals, available in overseas markets due to Chinese restrictions.
The initiative signals a growing acceptance of cryptocurrency for practical use in travel, potentially influencing adoption trends and offering new conveniences to over 60 million PhoenixMiles members globally.
Air China’s PhoenixMiles program has introduced XRP payments in collaboration with Wetour. The partnership enables XRP for airport transfers and car rentals for international markets, bypassing Chinese crypto regulations.
In this partnership, Webus International Ltd., through its Wetour platform, enables the use of XRP. Nan Zheng, CEO of Webus International Ltd., noted,
“This collaboration with Air China not only broadens Wetour’s global service footprint but also accelerates our vision of building a Ripple-integrated travel ecosystem.”
The integration noticeably impacts overseas PhoenixMiles members, offering them faster settlement options and reduced costs for services. The new payment system is highlighted as fostering adoption in competitive international travel sectors. Overview of Interactive Brokers’ trading offers and services.
Financial dynamics are projected to shift as the integration advances. Key advantages include enhancing liquidity options and boosting blockchain-enabled rewards for cross-border payments, aligning with international trends of crypto adoption. Latest updates and news from The Crypto Basic.
Current implementation does not affect ETH, BTC, or other altcoins, focusing exclusively on XRP and Ripple’s RLUSD. The broad historical context suggests growing international trends in adopting crypto for competitive edge.
Projections for ongoing regulatory and technological impacts in cross-border finance hint at broader potential use cases. These may influence future adoption strategies or compliance policies for state-backed enterprises venturing into blockchain payments. Bill Morgan, Attorney and Pro-XRP Legal Commentator, mentioned,
“For me, it shows adoption of XRP.”
