Spree Finance Powers On-Chain Payments for BookIt's Premium Travel, Entertainment, and Retail Purchases

Spree Finance, the blockchain-native commerce, rewards, and credit infrastructure network, today announces an exclusive partnership to power payments and rewards

Spree Finance, the blockchain-native commerce, rewards, and credit infrastructure network, today announces an exclusive partnership to integrate its on-chain payments and rewards with BookIt, the next-gen booking “super-app” from global travel and rewards technology leaders OneCompany and Superlogic, to reward consumers for accessing coveted travel, entertainment, and premium retail products and experiences.

This first-of-its-kind partnership marks the first time cryptocurrency holders can seamlessly transact with 2M+ Real-World merchants and brands in travel, entertainment, and retail from their self-custodied wallets, enabling crypto for real-world commerce. Spree’s on-chain payments and Commerce DeFi credit rails will integrate with BookIt’s premium travel and retail merchant network. Together, they will launch the first stage of an initiative to enable the use of 3,000+ cryptocurrencies and tokens for travel and retail purchases on BookIt, and credit-rollover for consumers to seamlessly pay for their purchases with on-chain cryptocurrencies, while earning stable-coin-backed rewards: Spree Points (SP).

“Blockchain technology has proven its major use case of digital-asset-to-digital-asset ‘Trade’, but to reach mass-consumer adoption, we need to solve the use case of digital-asset-to-real-world-commerce ‘Pay' use case. While many blockchain protocols today are very fast and charge low fees, bringing large numbers of real-world merchants and brands on-chain has been a major bottleneck. But with 2M+ merchants in its network and elite-level service, BookIt is the perfect partner for Spree to launch the future of decentralized commerce.” said Jared Christopherson, Spree Co-founder.

Spree is forging the future of digital payments with its groundbreaking Commerce DeFi infrastructure, seamlessly integrating crypto commerce with a robust DeFi credit infrastructure. This innovative approach enables users to transact in digital assets effortlessly, and provides merchants with instant liquidity. At the heart of the Spree Network is a pair of tokens: the Spree token which powers the network and SP (Spree Points), a stable-coin backed “universal rewards” token that can be used to incentivise users and transactions across its vast network of merchants, and also powers Spree’s Defi-lending protocol to enable instant settlement for merchants and credit orchestration for consumers.

Compared to legacy payment rails like Visa and Mastercard which charge 2-6% in processing fees, merchants pay up to 90% less in fees when accepting payments over Spree’s decentralized payments network, which leverages secure blockchain-native rails to remove friction and middlemen, and reduce excess fees. Significantly lower fees allow merchants to take a larger share of the revenue and directly reward the end consumer without any "kickback" programs or tiers to join.

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 2M+ merchants and brands.

“Our mission with BookIt is to reimagine the e-commerce journey for travel, entertainment and retail as a ‘consumer-first’ experience, where your loyalty is our priority and your rewards is an asset – not something that corporations can arbitrarily devalue. In an age of AI and automation, we believe that e-commerce will be powered largely by smart contracts and blockchain rails, and we are proud to be the first of many major enterprise partners to integrate with Spree’s next-gen commerce and rewards rails.” said Lin Dai, CEO of Superlogic, co-creator of BookIt super-app.

A veteran in blockchain solutions for enterprises, Lin Dai has previously worked closely with world-class brands including Warner Music Group, American Express, Pepsi, Anheuser-Busch and more on Web3 initiatives. As part of the new partnership, Lin Dai will be joining Spree’s board to guide its strategy and adoption with enterprise clients.

Spree will have a dynamic presence at ETH Denver 2025, with co-founder and head of technology Carter Razink actively participating in the Buildathon. As part of its commitment to fostering innovation, Spree will sponsor the Buildathon winner’s trip to attend the next year’s EthDenver conference to continue their journey of pushing boundaries in the Web3 space.

Spree will also be co-hosting an exclusive event on Feb 28 with several vibrant EthDenver communities: Spork DAO, Pudgy Penguins, and other leading community members, to engage industry leaders, builders, and Web3 enthusiasts in a relaxed and fun setting, which will be followed by an after-party at Temple nightclub.

On Mar 1, at 12:05pm, Lin Dai,