Frequent travelers today have more opportunities than ever to maximize the returns on their time spent globetrotting.
New digital platforms and asset classes are empowering jetsetters to amplify both their travel rewards and financial wealth.
One key technology making this possible is the eSIM — the connected traveler’s passport to accessing investments and optimizing loyalty programs worldwide.
Business travelers have long invested surplus income earned from their frequent miles in stocks, bonds, and real estate.
But over the past decade, a new category of digital assets has steadily gained traction. For instance, esim Singapore provides eSIM connectivity to help utilize these new digital platforms. Let’s get down to check out these digital assets:
Tech-savvy frequent flyers are diversifying into these new digital investment vehicles early while valuations remain volatile but full of upside potential.
Frequent flyer programs have historically rewarded travelers with miles or points that could be redeemed for free flights and upgrades.
However, these loyalty programs present massive untapped potential to also integrate cutting-edge digital asset investments.
For tech-savvy travelers, imagine having the ability to earn cryptocurrency rewards that gain value over time rather than just airline miles that inflate and eventually expire.
Instead of redeeming ever-increasing amounts of miles for the same flight, travelers could earn crypto that appreciates.
Some forward-thinking airlines are already beginning to experiment with modernizing their loyalty programs to offer cryptocurrency integration:
Based on these pioneering initiatives, many industry experts predict that within the next decade, essentially all major travel loyalty programs will incorporate support for prominent cryptocurrencies.
This is likely to include the ability to directly earn crypto rewards, transfer miles into crypto, use crypto to redeem travel, and invest crypto within loyalty program apps and digital wallets.
The integration of digital assets promises to redefine the future travel loyalty experience.
But what enables frequent flyers to seamlessly manage this new world of digital investments and crypto rewards? The answer is eSIM technology.
eSIM (embedded SIM) allows devices like phones, watches, and tablets to remotely switch connectivity across mobile networks worldwide:
This means travelers can stay connected to their digital assets and loyalty apps everywhere they go with one multi-profile eSIM device.
For jet-setting investors and loyalty program members, it’s already becoming essential to carry an eSIM smartphone or smartwatch when traveling.
Here are some of the key applications of eSIM for frequent travelers:
eSIM integration is also enabling many emerging IoT applications relevant to travelers:
As the world moves to 5G, having an eSIM will be the new normal for the globally connected.
According to Ernst & Young, worldwide eSIM-enabled devices are projected to grow from around 250 million in 2020 to approximately 3.4 billion by 2025 as smart traveler adoption accelerates.
For frequent flyers who want to maximize their digital investments and loyalty rewards, here are tips to get started:
What is an eSIM?
An eSIM is an embedded digital SIM that allows you to activate mobile network profiles remotely without having to physically switch out SIM cards.
How does an eSIM work?
eSIMs are integrated into the device chipset and can have network profiles sent over the air and managed through an app. This allows changing networks remotely.
What are the benefits of eSIMs for travelers?
eSIMs allow travelers global connectivity across 130+ countries without roaming fees. It also enables accessing digital wallets and crypto apps anywhere.
Can an eSIM support multiple numbers?
Yes, eSIM tech allows associating multiple profiles/numbers to one device. This means having separate work, personal, and travel lines.
Do the latest iPhones and Samsung phones support eSIM?
Yes, iPhone XS and newer models, and Samsung S20 series and newer devices contain integrated eSIM functionality.
The rise of eSIM is a travel game-changer, allowing continuous connectivity and access to digital investments worldwide.
As airlines and hotels continue to modernize loyalty programs with blockchain-based rewards, eSIMs will be the technology that keeps frequent flyers connected and enables the next generation of travel experiences.
The future is bright for globetrotters who want to maximize returns from both their travel activities and global digital asset investments. With an eSIM phone or device, the world of opportunities is available anywhere, anytime.
Do you travel frequently for work or pleasure? What upcoming eSIM or digital asset trends are you most excited about? Let us know in the comments!