From the Wires
M2O GLOBAL PTE Launches Hotel Booking Service Connecting 600,000 Hotels Worldwide with M2O Coins
By: Business Wire
Sep. 11, 2019 02:00 AM
Singapore-based blockchain technology company, MTO GLOBAL PTE announced that it has launched the M2O Booking Service which enables hotel bookings via M2O coins in partnership with 600,000 hotels worldwide.
Planning to start its beta test in November, the M2O Booking Service supports the cryptocurrency M2O coin as a payment method for global hotel reservation service.
With the M2O Booking Service, customers can complete their booking by simply transferring their M2O coins. Unlike traditional booking systems that only allow cash or credit cards and require user information before booking or prepayment for hotel accommodation, M2O Booking Service provides a convenient booking service with guaranteed anonymity.
Companies can leverage the M2O Booking Service to secure loyal customers as they can get M2O coins in the form of mileage which can be used for their next reservation.
"Cryptocurrency is completely different from stocks and bonds. Because it's the practical use that matter most for crypto coins," Henrry Kim, CEO of M2O said. "M2O coin will be one of the fastest-growing cryptocurrency in regard to a practical use case."
"To increase the value of the coin, a portion of fees from the M2O Hotel Booking Service will be burned as well as a percentage of revenue from continuous projects," Kim added.
MTO GLOBAL PTE plans to launch a variety of platform services to boost the coin.
"We will open a coin exchange in Korea in November before establishing an overseas exchange. The overseas exchange is expected to be the cornerstone of the country's smart city projects, contributing to solving resource and infrastructure shortages and transportation problems as well as improving the citizen’s quality of life," Kim explained. "We are currently discussing with many Korean companies to form a consortium for the overseas exchange and will make a public announcement soon."
The M2O Service is a project in which blockchain technology meets global membership markets to manage mileage and reward points from every company via a blockchain membership, connecting and benefiting everyone. M2O Coins are trading on global coin exchanges including BitForex (https://www.bitforex.com/) and IDAX (https://www.idax.pro).
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