What is LockTrip?
LockTrip is a blockchain-based travel marketplace that allows users to book hotels, apartments, and flights without paying any commissions. The platform offers travelers the lowest prices on the market by cutting out middlemen such as online travel agencies (OTAs) and hotel chains. LockTrip also provides an integrated cryptocurrency payment gateway that allows customers to pay for their bookings with cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
The platform was launched in 2018 by Nikola Alexandrov and Hristo Tenchev who wanted to create a decentralized booking system that would be more efficient than existing solutions. LockTrip has since grown into one of the largest blockchain-based travel marketplaces in the world with over 500,000 hotels and apartments listed on its website.
LockTrip’s main advantage over traditional OTAs is its low fees. By eliminating intermediaries from the equation, LockTrip can offer customers up to 40% lower prices than other online booking sites. The platform also offers a secure payment system that uses smart contracts to ensure that transactions are processed quickly and securely.
In addition to offering travelers great deals on accommodation, LockTrip also provides access to exclusive discounts on flights through its partnership with major airlines. Customers can save up to 30% off their airfare when they book through LockTrip’s website.
LockTrip is committed to providing customers with a safe and secure booking experience. All payments are protected by advanced encryption technology and all customer data is stored securely on the blockchain.
