The travel industry has experienced major fluctuations over the past two years, but it’s turning into a victory story. Currently, the outlook is a positive one, with travel spending hitting $83 billion in February 2022, a number just 6% below pre-pandemic levels.
But as travel sales soar, a resurgent industry is searching for new technology solutions to fix age-old problems with payment and settlement. Payments in travel are plagued by high rates of fraudulent charges, exorbitant costs of settlement and lack of transaction transparency.
With the advent of Web 3.0 technology, true solutions may finally be in sight.
Blockchain Based Tech for Travel Transactions
One company, Xeni, is making…