Flycoin Integrates Fireblocks to Further Protect FLY

Flycoin continues to strengthen its infrastructure and security of the FLY ecosystem

LOS ANGELES, Jan. 9, 2023 /PRNewswire/ -- FlyCoin, Inc., a cryptocurrency-based travel-tech rewards technology company, is pleased to announce that it has integrated Fireblocks to further strengthen its security and protect its rewards token, FLY. Fireblocks is an easy-to-use platform to help developers create innovative products on the blockchain and to support any business — from financial institutions to NFT platforms — in the management of their day-to-day crypto operations.

"Flycoin is excited to use Fireblocks' MPC-based custody technology solution to better secure and protect a portion of the company's holdings of FLY. Fireblocks is an established and trusted company in the digital asset industry, and we are happy to have formed a relationship with them. As Flycoin continues to build its ecosystem, we look forward to utilizing the additional products and services that Fireblocks can offer," states Nate Daiger, Flycoin's CTO.

Omer Amsel, Head of Web3 at Fireblocks, said, "Fireblocks is delighted to support innovators and developers in the Web3 space like Flycoin, providing them with a battle-tested platform upon which to build their products. As tokenized loyalty programs increasingly seek to engage customers in new and innovative ways, it's important that security is prioritized from the get-go."

In November 2022, Flycoin was selected as one of the Hot 25 Travel Startups for 2023 by PhocusWire.

Flycoin is moving the travel rewards industry forward by providing organizations in the travel and hospitality industry with a more meaningful rewards option for their customers, enabling them to earn and redeem FLY, a cryptocurrency that provides end-users with greater utility and flexibility than traditional loyalty points.

FlyCoin is moving the evolution in loyalty programs forward by providing cryptocurrency-based rewards that are free from the limitations of traditional loyalty programs. FlyCoin's technology infrastructure provides companies in the consumer loyalty space - including travel and hospitality, financial services, and more - with a powerful, turnkey solution to incentivize users in a more customer-centric way. Users can earn FlyCoin's minted token, FLY, which doesn't expire, is easily transferable, and with an abundance of redemption options. For more information, please visit https://www.flycoin.org.

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,600 financial institutions, has secured the transfer of over $3 trillion in digital assets and has a unique insurance policy that covers assets in storage and transit. Some of the biggest trading desks have switched to Fireblocks because it's the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.

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SOURCE Flycoin, Inc.