The American Express introduced the Ethereum-based ‘travel stamp’ to create a recollection of the record of travel experiences, as part of the revamp the firm’s journey.
The tokens of travel experience, which are NFT technologies (ERC 721 Token).
Travel stamps, which can be collected at any time a traveler uses their card, are not tradable NTF tokens, Marlowe explained, and they also do not work like blockchain-based points-at least time.
“It’s a worthless ERC-721, so technically an NFT, but we don’t brand it like that. We want to talk here in a natural way for the travel experience itself, and so we’re talking about these things as stamps, and they represent them as tokens,” Marlowe said in an interview.
“As an identity and representation of history the stamps can create interesting -friendly collaboration angles over time. We are not trying to sell them or kind of produce any such short term income. The angle is to make a travel experience with a feeling that Amex is really rich, really different, and kind of set it,” said.
Fireblocks are also involved, which supports Amex as a wallet-as-a-service provider for the passport product, said a representative of the fireblocks.
The Amex Travel App also includes a set of tools for upgrading Travels and Centurion Lounges, the company said.
