#intebix

➤ AirAsia MOVE, Intebix, and Solana Foundation are exploring the integration of Evo, a Tenge-denominated stablecoin, into AirAsia MOVE's platform in Kazakhstan. ➤ This collaboration aims to expand digital payment options for travel and create a more seamless user experience, leveraging blockchain technology for practical use cases. ➤ The initiative will undergo assessment within Kazakhstan's regulatory sandbox, focusing on technical, legal, and commercial feasibility.

➤ Solana, AirAsia MOVE, and Intebix are piloting a new payment system using a tenge-linked token called Evo on the Solana blockchain for travel bookings in Kazakhstan. ➤ This initiative aims to provide travelers with an alternative to traditional payment methods like bank cards and cash, while also testing the technical feasibility and regulatory compliance of Evo for travel payments. ➤ The pilot could expand Solana's presence in Central Asia and explore further use cases for blockchain technology in the travel industry, including loyalty programs.

➤ Solana Foundation, AirAsia MOVE, and Intebix are piloting the use of a Kazakhstani tenge-backed stablecoin (Evo/KZTE) on the Solana blockchain for travel payments. ➤ The pilot aims to test stablecoin payments for flights and hotels within AirAsia MOVE's platform in Kazakhstan, leveraging its large user base. ➤ This initiative aligns with Kazakhstan's growing digital finance regulations and aims to expand blockchain-based payment use cases in the travel sector.

➤ The Solana Foundation, AirAsia, and Intebix have signed an LOI to launch a Kazakhstani tenge-pegged stablecoin (KZTE) on the Solana blockchain. ➤ This initiative aims to leverage Kazakhstan's developing digital asset regulatory framework and potentially integrate with AirAsia's payment and loyalty ecosystems. ➤ The launch signifies Solana's expansion into Central Asia and highlights the growing global interest in local fiat-backed stablecoins for payments and financial inclusion.