Travel Blockchain

Cryptocurrency businesses in the United Kingdom recently came under new regulatory guidelines that took effect on September 1st. These guidelines relate to implementing the Travel Rule for cryptocurrency transactions, and they mark a significant step in the efforts to ensure greater transparency and security within the crypto industry.Travel Rule RegulationsThese rules were introduced by the Financial Conduct Authority (FCA) on August 17th, and they mainly target virtual asset service providers (VASPs) operating within the United Kingdom. The core requirement of these rules is for VASPs to “collect, verify, and share information” on cryptocurrency asset transfers. This means that when cryptocurrency...

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com TECH5 is an international technology company founded by experts from the biometrics industry, which...

Lufthansa Launches NFT-Based Loyalty Program for Gamified Travel Experience Lufthansa's Uptrip app transforms boarding passes into NFTs that passengers can trade for miles, lounge access, and more, indicating growing industry interest in Web3 technology. European airline powerhouse... Read further.

UK fixes ‘travel rule’ plans for crypto From 1 September 2023, crypto-asset businesses in the UK will be required to collect, verify and share information about crypto-asset transfers, known as the ‘travel rule’. In advance of implementation, the UK’s leading financial services regulator, the Financial Conduct Authority (FCA), together with HM Treasury and the Joint Money Laundering Steering Group (JMLSG), have published draft guidance for implementation of the travel rule. The JMLSG is a UK-based private sector body made up of the leading UK Trade Associations in the financial services industry. The guidance is open for public comment until 25...

Burning Man artwork, such as the Space Whale, dot city plazas in Reno. (Visit Reno Tahoe) Nevada’s “Biggest Little City” may be known for its vibrant gambling scene, but Reno is becoming a more popular destination for its exciting outdoor activities, diverse wellness offerings and thriving craft breweries. The influx of tech giants, like Tesla, Google and blockchain companies, has ushered in a new energy, spurring a reputation as an urban basecamp for exploring the natural beauty that surrounds Reno. The city’s wellness resorts provide the perfect retreat to rejuvenate and unwind, with unique treatments and expansive facilities. Its diverse...

In a groundbreaking move, China’s central bank digital currency (CBDC), the digital yuan, has taken flight with its pilot program.  A joint venture between China Merchants Bank and the Civil Aviation Administration of China has birthed a digital yuan platform that aims to revolutionize transactions for business travelers within the aviation network, as reported by local media. This innovative platform empowers companies and entrepreneurs to seamlessly pay for business air tickets using the digital yuan, offering unparalleled convenience. But it doesn’t stop there; passengers themselves will also be able to access exciting new services through this cutting-edge platform. One such...

Google has joined a Shell-backed sustainable aviation fuel (SAF) program intended to scale up SAF as part of its stride to be carbon neutral throughout entire operations by 2030.   The SAF program called Avelia was launched last year by Shell and American Express Global Business Travel (Amex GBT). It allows airlines to sell SAF and corresponding carbon credits to business customers.  The world’s most popular search engine is the latest multinational corporation to sign up for the SAF and carbon credit program.  Reducing Aviation’s Carbon Emissions with SAF Aviation is one of the sectors that finds it challenging to reduce...

Business Travel News on Tuesday night at the Adolphus Hotel in Dallas named PwC senior managers of U.S. procurement, business services and travel Danielle Cavnor and Eric Gray as its 2023 Travel Managers of the Year.Cavnor and Gray were chosen by BTN editors from nominations submitted by the industry. This is the first time since BTN began naming Travel Managers of the Year in 1985 that two honorees from one company were named. BTN editorial director Elizabeth West announced the winners along with BTN's three 2023 Travel Management Best Practitioners: Anne Hamilton of The Walt Disney Co., Rafael Rosario of Bloomberg...

Sharjah Airport launched an exciting summer campaign under the slogan ‘Summer at Sharjah Airport’, focusing on providing passengers with enhanced and seamless travel experiences, with special attention to enriching the journey for children. This campaign reinforces the Airport's unwavering commitment to delivering an array of smart and innovative services, guaranteeing seamless travel procedures and exceptional experiences while elevating its status as one of the best airports in the region. The campaign, scheduled to last until August 22, 2023, includes a series of engaging and fun-filled itinerary of activities and events, along with gift giveaways. The campaign aims to provide passengers...