Travel Impact Company Triip Announces Booking by Blockchain Feature

12 December, 2018

HO CHI MINH CITY, DECEMBER 12 2018 – Travel impact company Triip recently announced the expansion of their payment network, with the onboarding of two new blockchain currencies for their platform. By mid-December, visitors to Triip’s website will be able to book their travels with Ethereum, and by the end of the month, the company will also be accepting Tomochain’s new currency TOMO.  

Triip’s addition of TOMO to their payment network coincides with Tomochain’s launch of their Mainnet blockchain system; starting December 6, Tomochain will begin a week-long process that will convert its existing cryptocurrency, ERC-20 TOMO, to the new native TOMO currency. With the launch of the system, Triip will be recognized as one of the new cryptocurrency’s earliest partners.  

This partnership follows Triip Protocol’s collaboration with PicMix, a photo-editing and collage-making app. While the two startups’ products may seem very different, they share an interest in customer growth. As such, Triip believes that PicMix will be a key partner in helping the growth of their user base, particularly in Indonesia. 

Triip has previously affirmed their belief in the world-changing power of cryptocurrencies, and credit this belief to the company’s product offerings, strategic partnerships, and passion for the travel business. However, the startup also understands when this belief is met with skepticism, especially given the rough ride some cryptocurrencies have had this year; flagship currency Bitcoin’s value, for example, dropped as much as 80% in 2018. 

However, as a four-year-old company, Triip prefers to not take such a restricted view of the state of blockchain. Instead, they refer to the fact that blockchain currencies have ballooned in value by over 3,300%. They also point out that the number of cryptocurrency users is still strikingly little; there are about 28 million blockchain wallet users at present, which is a very small number in comparison to the estimated 1.2 billion people who traveled last year, all of whom are potential beneficiaries of blockchain technology. 

Overall, the platform does not seem to be alone in their interest in this industry. At present, there are countries moving ahead with making regulations and formalizing their approval of cryptocurrencies, including Japan. In 2017, the Japanese government penned an official decree eliminating the consumption tax on Bitcoin and conferred its official recognition of the currency. 

Specific to the travel industry and its adoption of blockchain, a town in Australia made headlines this summer by becoming the first town to welcome Bitcoin payments on a broad basis, its focus being on enhancing its tourism companies. As a result, Agnes Waters is now being hailed as the world’s first “digital currency town”, and given the Australian government’s continued interest in blockchain, this town is likely the first of many such cryptocurrency havens that will be created there. 

Hai Ho, the CEO of Triip addressed Triip Protocol’s partners, saying, “As our partner, we are pleased that you are joining us in believing in this forward-looking positioning. Within Triip as well as in the blockchain world at large, big things are happening. We’re glad you’re along for the ride.” 

About Triip

TRIIP.ME enables local individuals to become “Triip Creators”, which allows them to create their tour packages to share their passion of travel with others, earn extra cash, and make new friends — while also offering independent travellers one-of-a-kind local cultural experiences with real people. Through TRIIP’s website and mobile app, independent tour guides can post their tour pack-ages, which is then available for travellers from around the world to discover, book, enjoy and re-view. All the tours are uniquely crafted by local people who know their cities best, and helps these guides showcase their knowledge of the country’s best attractions, including places to see, eat, and shop. Travellers therefore receive the unique experience of seeing their chosen cities differ-ently.