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Title: Onyx Arches: Transforming The Travel and Hospitality Industry

London, United Kingdom, 27th Jun 2024 - Onyx Arches eyes the opportunity to implement blockchain into the travel industry, which could revolutionize the sector. Post-pandemic, the travel industry saw a surge, rebounding slowly with the global market now valued at over $2 trillion. As people move between places, fiat remains the primary mode of transaction, causing difficulties that travelers are fed up with. Payment issues stand out as a major problem, creating a high demand for a secure, robust payment system.As people have found affairs far from home this gave rise to travel industry that dates back to prehistoric times. The travel industry has been playing a crucial role in transporting people from one place to another. The rise of tech companies addressing travel-related issues has significantly eased the process. However, concerns about data security and privacy are driving the new generation toward decentralization, which offers transparency and fair treatment for its participants. Some travel companies have already started using cryptocurrency for transactions, highlighting the need for dedicated projects to address payment issues within the industry.Onyx Arches aims to become a dedicated travel booking platform that simplifies cross-border payments and streamlines the travel booking and management process by integrating blockchain technology. There is a huge demand for a system that benefits every party involved with fair and transparent transactions. The travel industry has long awaited a solution that provides a fair share for all participants. Blockchain has opened up new technological possibilities, and its adoption is steadily increasing. While some may debate whether Web3 is the next Internet, the rapid influx of new projects has led to skepticism within t...

This press release is issued by King Newswire