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Flexiroam (ASX:FRX) - Managing Director, Jef Ong - The Market Herald
Managing Director, Jef Ong
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  • Flexiroam (FRX) has signed a joint marketing agreement with blockchain-based travel booking platform Travala.com
  • Flexiroam is a super connector that provides vital links between touchpoints and information repositories
  • The initial 12-month agreement will be limited to 100,000 of each company's customers
  • Through the deal, Travala.com customers will be offered a US$25 ( $A32) Flexiroam eSIM and a 500-megabyte global data plan when they book travel via the platform
  • Similarly, customers making any Flexiroam purchase will be extended a $US25 Travala.com credit
  • The partnership follows Flexiroam's deal with buy-now-pay-later company Split earlier this month
  • Flexiroam shares are up 1.85 per cent, trading at 5.5 cents each

Flexiroam (FRX) has signed a joint marketing agreement with blockchain-based travel booking platform Travala.com.

Flexiroam is a super connector with connectivity in more than 100 countries, providing vital links between touchpoints and information repositories.

The initial 12-month agreement will be limited to 100,000 of each company's customers.

Travala.com customers, through the deal, will be offered a US$25 (around A$32) Flexiroam e-SIM and a 500-megabyte global data plan when they book travel using the platform.

Meanwhile, customers making any Flexiroam purchase will be extended a $US25 (A$32) credit for the travel booking site.

"Our offerings are highly complementary with Flexiroam and we are looking forward to rolling out the program, which offers our customers the ideal connectivity solution while travelling," Travala.com CEO Juan Otero said.

Flexiroam Managing Director Jef Ong also commented on the agreement.

"We are excited to be partnering with Travala.com, a leading cryptocurrency travel agency" Jef said.

"The agreement will allow our Flexiroam Wallet customers to gain Travala.com credits for booking flights, hotels and holiday activities," he continued.

The partnership follows Flexiroam's deal with buy-now-pay-later company Split earlier this month.

"The Travala.com agreement is the next step towards making our products available to the huge unbanked market, many of whom are utilising cryptocurrency and enhance our growth prospects," Jef said.

"Offering Flexiroam credits to Travala.com customers will increase our market visibility and targets the specific customer base who require a connectivity solution while traveling."

The economic impact of the agreement, which will be calculated based on customer usage of Travala.com, is still to be determined.

FRX expects to hold Bitcoin as a custodian account for future divestment.

Flexiroam shares are up 1.85 per cent, trading at 5.5 cents at 5:21 pm AEDT.

FRX by the numbers
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