Paul van Alfen’s questions on the on-chain future of travel paymentss cut to the heart of what matters, and here’s my take.
Value prop: I won’t be repeating bold numbers that tend to oversimplify, as per our conversations 😉 will just mention two big “quality” advantages: (1) owning the platform on which we distribute/source, so that we can steer its development, and (2) having it standard-based and composable so that functionality can be built upon functionality like lego bricks, to amplify business models, while still maintaining privacy among parties as required.
On and off ramping are my current mission: while we have EUR and USD pegged stablecoins and other digital representations of fiat currency to transact on Camino Network, we are always on the lookout for last-mile rails to/from local payment methods. Shout out to the fintech industry to connect more!
Payment intermediaries will need to evolve to stay relevant, but we’re having a lot of conversations with TradFi actors such as banks or credit card networks. As just an example, pairing traditional financial products such as factoring to a stablecoin holding or a smart contract, might be achievable: stay tuned.
And yes, protection for non-delivery is baked in, because of the other big plus of systems like Camino Network: programmability that goes beyond “mere” conditional payments to implement DvP and potentially unlimited escrow scenarios, while still keeping your business’s money at work thanks to the conversations mentioned above.
Digital currency settlements in travel aren’t just coming - they’re here. And actuary.aero 2025 in Madrid and similar forums are essential so that we can converge as an ecosystem onto the tech stacks that unleash them.
#composability #programmability #travelfi #fintech #digitalpayments