Bitair was built on the blockchain Ethereum technology. Thus, clients spend tokens to pay for travel and tourism related services such as booking airline ticket, making reservations and accessing other related services.
In fact, recently Bitair was recognized as an effective payment methods via Asia Pacific Travel PTY Group - A popular online air ticket agency in Asia such as: Australia, Philippine, Indonesia, Malaysia. In addition, we are also working with other multination online vendors: Cheapbooking.com.ph, Cekbooking.com and Trippyflight.com. These vendors allow the usage of Bitair in order to purchase tickets immediately.
We started Asia Pacific Travel PTY Ltd (*) doing business in field of travel & tourism: this has been accepted by ASIC in Australia that is an official travel and tourism agency by thousands of airlines (IATA's members) including national airlines such as: American Airlines, British Airways, Cathay Pacific, China Airlines, Emirates, Hong Kong Airlines, Korean Air, LOT Polish Airlines, SIA, Vietnam Airlines... and LCC4 as well: Southwest Airlines, JetBlue, Ukraine International Airlines, Air Asia, Cebu Pacific, Vietjet Air, Jetstar Pacific,...
We have more two branches in Indonesia and Philippine operating travel and tourism activities of outbound and inbound services. Asia Pacific Travel PTY Group forecasts to generate strong growth of revenue (over $ 1 billion) in 2017 related to airlines booking services.
Large volume of passengers have made payment within Bitair system and our team has also conducted extensive research into payment options and 65% of questioned passenger said "YES" to paying by bitair instead of other methods: Visa, cash, bank transfer, etc.
- Transparency and immutability
Changes to public blockchains are publicly viewable by all parties creating transparency, and all transactions are immutable, meaning they cannot be altered or deleted or recovered.
- Low cost
By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce transaction fees.
- Faster transactions
Interbank transactions can potentially take days for clearing and final settlement, especially outside of working hours. Blockchain transactions can reduce transaction times to minutes and are processed 24/7
All transactions being added to a single public ledger, any wallet addresses is random characters that cannot intrinsically be associated with a specific individual. This enables a high degree of privacy when required.
- Security and integrity
Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data. Users can trust that transactions will be executed as the protocol commands removing the need for a trusted third party.
- High quality data
Blockchain data is complete, consistent, timely, accurate, and widely available.