American Express introduced “travel stamps” based on Ethereum to create a commemorative recording of travel experiences, as part of the company’s revised travel application.
Travel experience tokens, which are technically NFT (Erc 721 tokens)are struck and stored on the basic network of Coinbase, said Colin Marlowe, vice-president of emerging partnerships at Amex Digital Labs.
Travel stamps, which can be collected each time a traveler uses his card, are not negotiable NTF tokens, said Marlowe, and they don’t work as loyalty points based on blockchain – at least for the moment.
“It is an ERC-721 worthless, so technically an NFT, but we did not score it as such. We wanted to talk about it in a natural way for the travel experience itself, and we therefore talk about these things as stamps, and they are represented as tokens,” said Marlowe in an interview.
“As an identifier and representation of history, stamps could create interesting partnership angles over time. We are not trying to sell them or generate short -term income.
Fireblocks is also involved, supporting Amex as a portfolio supplier as a Passport product service, said a Fire block representative.
The AMEX Travel application also includes a range of tools for travel and upgrades from the Centurion show, said the company.
