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American Express has rolled out a new feature called Amex Passport, which offers customers a way to mark and remember their travels.
These virtual stamps are stored on a blockchain platform and act as personal reminders of trips taken.
The digital stamps are designed as non-fungible tokens (NFTs) and are stored on Base, a blockchain built on the Ethereum
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Cardholders in the US with a personal American Express card linked to their online account can use the feature. The NFTs are non-transferable and intended for personal use only.
Stamps can be customized to reflect memorable parts of the journey, such as a popular site visited, a great restaurant meal, or a hotel experience.
The program aims to give travelers a new way to save and revisit their experiences. Amex Digital Labs Executive Vice President Luke Gebb stated on September 15 that the idea responds to the fading practice of receiving physical stamps in passports, which many travelers have missed.
Amex Passport will automatically generate stamps for any eligible trips booked through the platform within the last two years. Users can save these stamps to their devices or share them on social media.
Meanwhile, PayPal recently expanded its peer-to-peer (P2P) payment services by allowing users to send and receive cryptocurrency. What did the company say? Read the full story.
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