Singapore Airlines is one of the best airlines in the world to expand on blockchain technology. Singapore Airlines has launched a KrisPay-based digital wallet based on mileage (mill). This allows Frequent Flyer members to convert the flight distance into the Dollar and later be used for on-board shopping on flights or with worldwide partnering merchants.
Krispay launches with 18 merchants of beauty, food and beverage, petrol and retail services, some merchants even offer discounts during the launch period. Singapore Airlines said it will add more merchants to the platform and frequent flyer members can expect promotions in regular applications as well as additional features in the coming months.
Now available for download from the App Store and Play Store, Singapore Airlines is the first airline in the world to offer blockchain-based payments that can be exchanged between the airline's flight distance and for payments. Singapore Airlines has announced earlier this year they will issue their own blockchain-based solutions for frequent flyer miles and the speed of Singapore Airlines successfully launching this platform is impressive. After frequent flyers transfer their number of mill to the KrisPay platform, the mill will end in six months. The benefits of the new platform launched by Singapore Airlines will encourage passengers who initially are reluctant to shop in the aircraft to be more active to shop in the plane and buy plane tickets with the platform.
