Lufthansa Airlines launches NFT loyalty program on Polygon Network

August 31, 2023 09:33 PM AEST | By Invezz

Lufthansa Airlines NFT loyalty program

According to the airline’s statement, users of the Uptrip app can scan their boarding passes and swap them for NFT trade cards. Users must, however, link their cryptocurrency wallets within the app in order to mint and transfer their Uptrip NFTs.

Passengers will become eligible for benefits like aircraft upgrades, access to airport lounges, frequent flyer status, or award points as they fulfil specific NFT collections.

An executive at the Lufthansa Innovation Hub named Kristian Weymar stated in the announcement that Web3 is still in its infancy and that users are fascinated but hesitant to dig in. Weymar emphasized that the effort aims to increase Web3’s customer accessibility.

According to Christopher Siegloch, head of program development at Miles & More, there has been a lot of interest in Uptrip. Over 20,000 people have signed up, according to the airline’s statement, and 200,000 NFT trade cards have been produced.

Lufthansa expressed interest in using Web3 technologies into their operations earlier this year and it seems committed to seeing its vision come to life after the loyalty program deal with Polygon.

Lufthansa is not the only airline group that has shown interest in Web3. In 2022, the United Arab Emirates’ largest airline company Emirates pronounced it would start accepting Bitcoin payments and also launch NFTs. Several other airlines including the Venezuelan international airport have announced they accept Bitcoin payments.

The post Lufthansa Airlines launches NFT loyalty program on Polygon Network appeared first on Invezz.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.