Spree Finance, the blockchain-native commerce, rewards, and credit infrastructure network, has announced an exclusive partnership to power payments and rewards for BookIt, the next-gen booking "super-app" from global travel and rewards technology leaders OneCompany and Superlogic. This collaboration enables Spree and BookIt to exponentially reward consumers for accessing coveted travel, entertainment, and premium retail products and experiences.
This first-of-its-kind partnership allows cryptocurrency holders to seamlessly transact with over two million real-world merchants and brands in travel, entertainment, and retail directly from their self-custodied wallets, enabling crypto for real-world commerce at scale. Spree's on-chain payments and Commerce DeFi credit rails will integrate with BookIt's premium travel and retail merchant network starting immediately. Users can pay with more than 3,000 supported cryptocurrencies and tokens for travel and retail purchases while earning stablecoin-backed rewards known as Spree Points.
"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 digital-asset-to-real-world-commerce payment use case," said Jared Christopherson, Spree Co-founder. "While many blockchain protocols today are fast and charge low fees, bringing real-world merchants and brands on-chain at scale has been challenging, until now. With two million-plus merchants in its network, BookIt is the perfect partner for Spree to enable the future of decentralized commerce."
Spree is redefining digital payments with its Commerce DeFi infrastructure, integrating crypto commerce with a robust DeFi credit framework. This approach enables users to transact in digital assets effortlessly while providing merchants with instant liquidity. At the core of the Spree Network are two tokens: Spree Token, which governs the network, and Spree Points (SP), a stablecoin-backed "universal rewards" token. This system not only incentivizes users and facilitates transactions across its extensive network of merchants but also powers Spree's DeFi lending protocol, enabling instant settlement for merchants and credit orchestration for consumers. Unlike legacy payment rails like Visa and Mastercard, which charge merchants high processing fees, Spree's decentralized network allows businesses to pay up to 90% less in fees, eliminating middlemen and reducing costs. Lower fees enable merchants to take greater control of their revenue while directly rewarding consumers.
Christopherson explained that BookIt extends beyond just travel, offering elite access to VIP experiences, from front-row seats at major sporting events to exclusive concerts, private wine tours, and celebrity chef tastings. "Members can earn up to ten times the rewards of competing platforms, using SP as the native rewards token, providing users with unmatched value and flexibility in redeeming rewards across its merchant network," he said.
"Our mission with BookIt is to reimagine the e-commerce journey for travel, entertainment, and retail as a consumer-first experience, where loyalty is prioritized and rewards are treated as assets rather than something corporations can arbitrarily devalue," said Lin Dai, CEO of Superlogic and co-creator of BookIt. "Integrating with Spree's next-gen commerce and rewards rails is revolutionary for the travel and loyalty industry, and we are proud to be the first of many major enterprise partners to work with Spree." A veteran in blockchain enterprise solutions, Lin Dai, has worked with world-class brands including Warner Music Group, American Express, Pepsi, and Anheuser-Busch on Web3 initiatives. As part of this partnership, he will be joining Spree's board to guide its strategy and adoption among enterprise clients.
Spree Finance will have a dynamic presence at ETH Denver 2025, with Co-founder and Head of Technology Carter Razink actively participating in the Buildathon. Spree will sponsor the Buildathon winner's trip to the following year's ETH Denver conference, further supporting emerging developers in their blockchain journey. On February 28, Spree will co-host an exclusive event with leading ETH Denver communities, including Spork DAO and Pudgy Penguins, bringing together industry leaders, builders, and Web3 enthusiasts. The event will conclude with an after-party at Temple Nightclub.
On March 1, at 12:05 p.m. on the BuiDl stage of the ETH Denver conference, Lin Dai, Co-CEO of BookIt, Pat Yiu of MEGA, and Carter Razink will be interviewed live on stage to discuss the partnership and the future of decentralized commerce and credit. Conference attendees can visit the Spree booth to see the BookIt super app and Spree's Commerce DeFi solutions in action.
To close ETH Denver in style, Spree Finance will host a private dinner in collaboration with leading hedge fund ETH Strategy, bringing together key industry leaders and investors from both blockchain and enterprise sectors. The gathering will serve as a platform to exchange ideas and collaborate on accelerating mass-consumer adoption of Web3 technologies.
