openPR Logo
Press release

Future.Travel implements Lightning Network transactions to reduce cost of flight bookings and hotels

04-20-2020 12:27 PM CET | Tourism, Cars, Traffic

Press release from: Future.Travel

Global OTA Future.Travel

Global OTA Future.Travel

Future.Travel, the Asian based global Online Ticketing Agency (OTA), has implemented the acceptance of payments via Canadian company Neutronpay using their multi-currency merchant platform for accepting Bitcoin (BTC) payments via the Lightning Network. Funds are converted at time of sale into the local Vietnamese currency.

The Lightning Network is a Layer 2 solution for transfer of data using block chain technology to enable faster transactions than the standard protocols currently in use for normal Bitcoin transactions. The faster speed takes the transaction processing time down to 3 to 4 seconds in most cases as compared to 3 to 4 minutes or hours depending on network mining load for a normal Bitcoin blockchain transaction.

David Watson, General Director at Future.Travel says: "Being able to offer consumers real-time secure financial transactions is the main issue in developing a reliable, trusted, and growing online business. The Lightning Network is the next step to reducing overheads of both cost and time." Future.Travel has been accepting Bitcoin for more than six years as a form of payment and recently added Litecoin - LTC, Bitcoin Cash - BCH, and Etherium - ETH payments to their online payment methods.

Watson went on to say "Neutronpay approached us late last year about a way to reduce cost to the consumer and to us as a merchant via accepting faster payments online. Our initial investigation saw the potential and now six months later we are pleased to be able to roll it out to the consumer.

Our Lightning Network payment methods are treated the same as cash so consumers have no additional in-bedding of credit card fees into our pricing structures. One more added benefit is it eliminates online fraud and associated credit card charge-backs.

It is a win-win situation where the consumer is not paying credit card fees and we as a merchant have reduced our costs of fraud and transaction processing to something that we can actually absorb and do not have to pass to the customer. "

Future.Travel

15/6 Le Van Huan
Tan Binh District
Ho Chi Minh City, Vietnam 70000

Pham Thi Hue

Future.Travel is an Asian based online ticketing agency (OTA) that reduces cost of hotels and airline tickets by reducing fraud from stolen credit card information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Future.Travel implements Lightning Network transactions to reduce cost of flight bookings and hotels here

News-ID: 2015765 • Views:

More Releases from Future.Travel

The market has spoken and marginal alternate crypto coins are not the winners for Future.Travel
The market has spoken and marginal alternate crypto coins are not the winners fo …
Online travel portal Future.Travel has removed the ability for customers to utilise the alternate coins, ETH, LTC, BCH for payment as online sales volumes of the alternate coins could not keep pace with Bitcoin or Bitcoin Lightning payments. David Watson, General Director at Future.Travel stated that a combination factors lead to the demise of the alternate crypto currencies. “The 3 currencies were never mainstream retail transactional currencies for us. The volumes
Future.Travel is by train across 3 continents
Future.Travel is by train across 3 continents
Asia based OTA (online travel agent) Future.Travel has enabled online ticketing for rail services in 25 countries for its online shopping portal. ‘The connection to rail is logical as the majority of intra-Europe travel is via rail travel.’ said David Watson, General Director of Future.Travel. The OTA has added 27,407 rail stations to their database covering 411,408 kilometres of rail networks around the world, including 140,000+ klm of high
Crypto transactions leading credit cards in online purchase race
The Covid-19 pandemic has caused serious disruption to the way business is done on the street and online. Not all businesses are benefiting from the shift to online trading. Some businesses whose clients are unbanked or involve cross border transactions are disadvantaged as banks lock down credit card accounts to combat an increasing number of fraud related issues associated to cards. In some cases whole countries are restricted for transactions

All 4 Releases


More Releases for Travel

Travel Insurance Market Growth, Analysis and Advancement Outlook 2021 – CSA Tr …
The Global Travel Insurance Market size was valued at USD 15.87 billion in 2020 and is predicted to reach USD 58.93 billion by 2030 with a CAGR of 14.4% from 2021-2030. Travel insurance provides financial security to the insured person in the event of luggage loss, trip cancellation, medical and other expenses incurred during a trip. Travel insurance can be availed at the time of booking for either a single
Excellent Growth of Business Travel Management Service Market Key Players- Carls …
“Business Travel Management Service Industry 2020 Market Research Report” A new report added by reportsandmarkets.com to its research database. Business Travel Management Service Market is segmented by Regions/Countries. All the key market aspects that influence the Business Travel Management Service market presently and will have an impact on it have been evaluated and propounded in the Business Travel Management Service market research status and development trends reviewed in the new
Honeymoon Tourism Market Is Thriving Worldwide : China Travel, HRG North America …
A fresh market research study titled Honeymoon Tourism Market explores several significant facets related to Honeymoon Tourism Market covering industry environment, segmentation analysis, and competitive landscape. Realistic concepts of the market are mentioned in a simple and plain manner in this report. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, business enhancement strategies, statistical growth, financial gain or loss to help readers and clients
Luxury Travel Market - Performance Survey 2026 |Abercrombie & Kent USA, Absolute …
Notice: This Content does not contains all the information of the Report Please fill the form (via Link) and get all Recent Information juss one click in Sample PDF with latest update, charts and Table of content. The Report Titled on "Luxury Travel Market" which provides COVID19 Impact analysis on Market Size (Production,Capacity, Value, Values & Consumption), Regional and Country-Level Market Size, Segmentation Market Growth, Market Share, Competitive Landscape, Sales Analysis,
Student Travel Market is Booming | STA Travel, StudentUniverse, Ellison Travel
The Student Travel Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2020-2026. The exploration provides a 360 view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the
Travel CEO Wins World's Best Travel CRM Software & Travel Agency Software at Int …
9 Years of Unparalleled Service Recognized on World Platform Bengaluru, Karnataka., September 18, 2019 -- The International Travel Awards is one of the most prestigious hospitality and tourism awards in the world. So, it is a matter of great pride to announce that Travel CEO is the recipient of the World's Best Travel CRM Software & Travel Agency Software awards at the ITA 2019. The ITA recognises the best players in