Stablecoins are crypto. In any case, people trade things away because they have a particular need for something else. Holding currency won't fly you to Guam, but being willing to spend some will.
However, I don't see buying flights with crypto to be a real value add for most people. Usually crypto has a privacy advantage over card payments, but in this case it doesn't because your airfare info is a lot easier to look up in a sketchy database than your credit card statements are. Maybe this is convenient for the small amount of wealthy people who live internationally and keep a lot of money outside of banks. If the business isn't expensive to run, then perhaps it'll still make decent money.
Yeah, privacy isn’t the main draw—airline bookings will always need ID. For us it’s more about convenience: crypto or fiat both work, and either way you can earn crypto rewards. No currency conversion hassles, fewer payment blocks, and it works across borders.
However, I don't see buying flights with crypto to be a real value add for most people. Usually crypto has a privacy advantage over card payments, but in this case it doesn't because your airfare info is a lot easier to look up in a sketchy database than your credit card statements are. Maybe this is convenient for the small amount of wealthy people who live internationally and keep a lot of money outside of banks. If the business isn't expensive to run, then perhaps it'll still make decent money.