Payment company American Express has introduced blockchain-based passport stamps for customers to commemorate their travels as a digital souvenir. The NFT stamps are stored as ERC-721 tokens on the Ethereum Layer-2 network Base to preserve travel memories.
Each stamp can be customized to highlight specific experiences, such as landmark visits, memorable meals, hotel stays, or favorite activities. Luke Gebb, Vice President of American Express Digital Labs, stated that the initiative is a response to the disappearance of physical passport stamps in many countries.
Only U.S. consumer Amex cardholders with a linked online account can participate in the digital passport program. The NFTs are non-transferable between users and only display limited information, such as the country, a description, and the acquisition date; personal travel details are not disclosed.
Data from the Base blockchain explorer shows that the smart contract was created 25 days ago, revealing that American Express had prepared the infrastructure before Monday’s announcement. The stamps appear automatically when cardholders make international purchases.
According to an American Express survey, 73% of participants want more digital ways to commemorate past trips. Meanwhile, 56% stated they miss receiving traditional passport stamps when entering new countries.
The program also creates retrospective stamps for trips made via Amex over the past two years. Customers can share their digital collections on social media or save the images to their devices.
Blockchain technology enables secure data storage without centralized servers. This aligns with the trend of companies using public networks for record-keeping. The U.S. Department of Commerce recently announced plans to publish economic data on a blockchain.
Although the integration of crypto into the tourism industry is still limited, it continues to grow. Data shows that crypto users spend three times more on hotel stays than users of traditional payment methods.
According to Triple-A research, 14% of crypto transactions in 2024 were related to travel and accommodation. More airlines and booking platforms have started accepting digital assets.
You Might Also Like;
- The Mystery of the Far Side: What Is Hiding in the Lunar Shadows? | Metaverse Planet
- The Doomsday Clock Hits 85 Seconds to Midnight: Are We Out of Time?
- Nvidia’s AI Can Now Predict the Future (Of Weather)
