Travel startup Flywallet has developed it's own decentralized Smart Contract to enable global savings and accessible travel using stablecoins on the Celo and Polygon blockchains.
Users can now make periodic contributions to their flywallet by purchasing stablecoins, which are securely held inside the smart contract until the user's savings goals are reached. The tokens are then used to pay for travel, regardless of the users geographical location or banking access.
The smart contract was audited by CertiK, a leading smart contract auditor backed by Goldman Sachs, which has audited over 3,500 companies and Web3-based projects. This audit provides an additional layer of security, ensuring greater confidence and safety for crypto users and new ones alike.
Thomas Negrit, co-founder of Flywallet, expressed his excitement about this milestone, stating, "This smart contract makes global accessibility possible, and to have it audited adds another layer of reality to our mission. We're thrilled that our community will be able to save for travel with confidence and security."
What are smart contracts?
Smart contracts are computer programs that automatically execute and enforce the terms of an agreement between two or more parties. They operate on a blockchain network, making them tamper-proof and immutable once written and deployed.
With a core focus on bringing greater global accessibility to travel, Flywallet's smart contract is poised to revolutionize the travel industry, providing a secure and accessible way for aspiring travelers around the world to save and pay for their travel goals.
For more information on the smart contract, visit https://www.certik.com/projects/flywallet#audit