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"Spree & BookIt: Revolutionizing Web3 Commerce, 2M Merchants Await"

Coin WorldThursday, Feb 27, 2025 10:01 am ET
1min read

Spree Finance and BookIt have partnered to revolutionize Web3 commerce and rewards, enabling cryptocurrency holders to transact directly with over 2 million merchants worldwide. This collaboration integrates digital and real-world commerce through Spree's blockchain-native payment rails, marking a significant step towards mass consumer adoption of cryptocurrency.

Spree Finance, a blockchain-native commerce, rewards, and credit infrastructure network, has announced an exclusive partnership with BookIt, a next-gen booking "super-app" from global travel and rewards technology leaders OneCompany and Superlogic. This partnership enables Spree and BookIt to reward consumers for accessing coveted travel, entertainment, and premium retail products and experiences.

This first-of-its-kind partnership allows cryptocurrency holders to seamlessly transact with 2 million real-world merchants and brands in travel, entertainment, and retail directly from their self-custodied wallets. Spree's on-chain payments and Commerce DeFi credit rails will integrate with BookIt's premium travel and retail merchant network, enabling users to pay with over 3,000 supported cryptocurrencies and tokens for travel and retail purchases while earning stable-coin-backed rewards: Spree Points.

Spree is redefining the future of digital payments with its innovative Commerce DeFi infrastructure, integrating crypto commerce with a robust DeFi credit infrastructure. This approach enables users to transact in digital assets effortlessly while providing merchants with instant liquidity. The Spree Network is powered by a pair of tokens: Spree token, which governs the network, and SP (Spree Points), a stable-coin backed "universal rewards" token that incentivizes users and facilitates transactions across its extensive network of merchants.

Offering consumers more than just travel, BookIt provides elite access to VIP experiences, from front-row seats at major sporting events to exclusive concerts, private wine tours, and celebrity chef tastings. BookIt members can earn up to 10x the rewards of competing platforms, using SP as its native rewards token, providing consumers with additional benefits on purchases and flexibility when redeeming SP universal rewards points across its network of 2 million merchants and brands.

As part of the new partnership, Lin Dai, CEO of Superlogic and co-creator of BookIt super-app, will be joining Spree's board to guide its strategy and adoption with enterprise clients. Spree will have a dynamic presence at ETH Denver

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