U.S. credit-card issuer %AmericanExpress (NYSE: $AXP) has launched %Ethereum (CRYPTO: $ETH) based “travel stamps” that allow people to create a commemorative record of their travel experiences.
The new %Blockchain based travel stamps are included in American Express’ new revamped travel app.
The travel stamps, which are technically non-fungible tokens (NFTs), are minted and stored on %Coinbase Global’s (NASDAQ: $COIN) Base network.
The travel stamps, which can be collected anytime a traveler uses their American Express card, are not tradable NTFs and they do not function like blockchain-based loyalty points.
Rather, they are digital tokens meant to be a keepsake of a person’s travel experiences.
The overhauled American Express travel app includes a range of new tools that people can use for travel, as well as airport lounge and airline upgrades, the company said in a news release.
American Express, and other credit card companies, are experimenting with blockchain technologies and cryptocurrencies in an effort to attract and appeal to consumers.
AXP stock has risen 9% this year to trade at $325.31 U.S. per share.
