- Camino Network teams up with Fireblocks to safeguard digital asset operations.
- The $CAM token is launching to promote the Web3 travel ecosystem and B2B solutions.
Camino Network, a Layer 1 blockchain protocol for the tourism sector, has teamed up with Fireblocks, an enterprise platform, to grow and protect its digital asset management. Camino’s $CAM token holders will be able to trade and connect with over 2,000 liquidity partners, venues, and counterparties. By using the Fireblocks network, it will provide a decentralized solution to the travel industry’s conventional oligopolies.
Key travel industry partners oversee the Camino protocol, designed to serve a variety of real-world travel use cases. It already has numerous live dApps, such as the Sleap hotel booking platform. Additionally, it has signed up more than 200 global travel companies, including Sixt, TUI, and Lufthansa.
Fireblocks Enhance Camino’s Web3 Capabilities
That partnership intends to transform the travel industry by providing a secure digital asset movement, storage, and issuing infrastructure. With over $6 trillion in digital asset transfers, Fireblocks has proven to be a reliable partner for Camino’s expanding ecosystem. Richard Astle, Fireblocks‘ VP of Business Development, stated that Camino users would benefit from the most linked digital trading ecosystem.
As the Camino Network expands, Thomas Stirnimann, Council President of Camino, emphasizes the significance of a dependable custodial solution for $CAM token holders. Fireblocks’ technology provides the travel sector with a secure and dependable way to manage treasury and utilize digital assets.
Camino’s native $CAM token is scheduled to launch amid a successful seed funding round. The pre-sale raised more than 8.8 million Swiss Francs (CHF), consequently, it demonstrated strong market interest. The coin has generated tremendous interest and is set to be listed on exchanges by the fourth quarter of 2024.
Camino emphasized that $CAM would play a crucial part in its ecosystem by incentivizing validator participation, easing B2B processes, and making Web3 more accessible to the travel sector. Several partners already provide loyalty programs and discounts for payments made with $CAM tokens.
Camino’s collaboration with Fireblocks enables the company to increase its influence and enhance digital asset management in the travel industry.
