Xeni Inc. leveraged the Hedera Token and Consensus Service to develop a travel sales platform featuring a decentralized accounting and payment solution.
NEW YORK, NY, USA, November 21, 2022 /EIN Presswire.com/ — Xeni brings the power of Web 3.0 to the travel industry. Xeni subscribers can instantly launch their own online travel business complete with booking engine, wholesale-rate bookable inventory, and CRM. Their travelers can pay for their bookings in virtual or fiat currency. Xeni’s decentralized accounting and payment solution, XeniPay, tracks, records and settles all completed transactions in the ecosystem.
There are high barriers to selling travel online today. Building an online sales engine is very expensive and technically complex. Once booking engines are built, accepting travel payments and settling inventory suppliers using traditional methods is costly enough to eat up most of the profits of travel resellers.
Powered by Hedera, Xeni’s new platform enables travel resellers to maximize profits by streamlining the cost of setting up a business, accepting payments and clearing suppliers. Xeni includes payment onramps in virtual or fiat currency, tracking and storing transaction information, and payment offramps to digital wallets or bank accounts.
“Xeni chose Hedera because of its eco-friendly structure, stable network and predictable low gas rates. Hedera is an excellent choice for executing high-volume, time-sensitive transactions. In the future, Xeni plans to expand its partnership with Hedera to further transform travel through the introduction of DeFi, NFTs and smart contracts built to address pain points experienced by suppliers and travelers. increase.”
Xeni launches XeniPay with HubFares, the first pilot partner. HubFares is a fast-growing distributor of preferred global aviation content based in Dallas, Texas with annual sales exceeding his $200 million. HubFares Managing His Partner Mark Lowery said: With XeniPay, you can receive instant payment of your bill and track your booking seamlessly on the Xeni platform. We see tremendous potential for process improvements and cost savings. We look forward to continuing to expand our pilot program with Xeni. ”
The Hedera network is the most innovative and sustainable public ledger for the decentralized economy. Hedera’s robust ecosystem includes abrdn, Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Electricité de France), eftpos, FIS (WorldPay), Google, IBM, Indian Institute of Technology (IIT) , LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, Zain Group.
For more information, see: www.hedera.comor follow us on Twitter @hedera, Telegram at t.me/hederahashgraph, or Discord www.hedera.com/discordHedera’s whitepaper can be found at: www.hedera.com/papers.
About HBAR Foundation
The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, empowering and funding the builders who develop these communities. The Foundation’s six funds (Focusing on Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders) each support communities within these sectors and their interconnectivity will enable applications to grow. can participate as part of a larger ecosystem. The collective power of these funds will enable entrepreneurs, developers, and businesses of all sizes to tackle some of the world’s biggest problems and create and manage their own economies. All of these are built on the Hedera public network. Whether you are building something new or migrating existing EVM-based applications and communities, HBAR Foundation has you covered. For more information, visit his website at: https://hbarfoundation.org/.
About Zeni Co., Ltd.
Xeni’s White Label Platform is a B2B solution that allows subscribers to instantly resell their travels online to a bespoke audience. Subscribers can launch their own booking engine. It features a full suite of reservable inventory at wholesale prices for sellers to earn commissions. Travelers visiting sites powered by Xeni can pay in fiat or virtual currency. XeniPay, a blockchain accounting and payment engine, tracks, stores and settles all completed transactions on the Xeni platform. XeniPay can now be licensed as a standalone SDK.
Zeni Co., Ltd.