American Express Launches Ethereum-Based Travel Stamps on Coinbase’s Base

  • American Express has launched Ethereum-based travel stamps in its revamped travel app.
  • These stamps are ERC 721 tokens, minted on Coinbase’s Base network, but aren't tradable NFTs.
  • Colin Marlowe, VP at Amex Digital Labs, clarified that the tokens aren't designed as blockchain-based loyalty points.
  • The aim is to enrich the travel experience rather than generate short-term revenue.
  • The travel app also offers other travel tools and Centurion Lounge upgrades.