Blockchain Wallet Launched By Singapore Airlines

Announcements, News | July 25, 2018 By:

Singapore Airlines (SIA) has officially launched its blockchain wallet that allows frequent customers to convert their air miles into cryptocurrency.

Called KrisPay, the miles-based digital wallet enables members of the KrisFlyer frequent-flyer program to convert miles into KrisPay miles instantly for everyday spending at partner merchants throughout Singapore. Initially, KrisPay will be accepted at 18 merchants spanning different categories of beauty services, food and beverage, petrol and retail. More merchants will be progressively added to the platform.

“We are excited to be introducing KrisPay, a novel way for our KrisFlyer members to digitally access their miles at their fingertips, at any time,” said Singapore Airlines CEO Goh Choon Phong. “By creating a miles-based digital wallet which integrates the use of miles into their daily lives, KrisFlyer members have yet another way to use miles instantly on everyday transactions.”

KrisPay is available for download on the Apple and Google Play Store. Payment via the blockchain wallet is done by scanning the KrisPay QR code at the merchant and keying in the amount users wish to pay with their KrisPay miles.

The blockchain wallet was first announced by SIA in February of this year, after conducting a successful proof-of-concept (PoC) trial with KPMG Digital Village and Microsoft.